Cwm LLC Buys 47,436 Shares of National Fuel Gas Company $NFG

Cwm LLC lifted its position in National Fuel Gas Company (NYSE:NFG) by 71.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,076 shares of the oil and gas producer’s stock after purchasing an additional 47,436 shares during the period. Cwm LLC owned 0.13% of National Fuel Gas worth $10,537,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of National Fuel Gas by 316.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 304 shares in the last quarter. Comerica Bank lifted its stake in National Fuel Gas by 2.8% in the first quarter. Comerica Bank now owns 33,558 shares of the oil and gas producer’s stock worth $2,657,000 after acquiring an additional 912 shares during the period. CreativeOne Wealth LLC purchased a new stake in National Fuel Gas in the first quarter worth about $216,000. Trexquant Investment LP grew its holdings in National Fuel Gas by 10.4% during the 1st quarter. Trexquant Investment LP now owns 50,848 shares of the oil and gas producer’s stock worth $4,027,000 after acquiring an additional 4,795 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in National Fuel Gas during the 1st quarter valued at about $234,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Trading Down 0.8%

NYSE NFG opened at $80.90 on Monday. National Fuel Gas Company has a 52 week low of $60.03 and a 52 week high of $94.13. The company has a 50 day moving average price of $81.16 and a 200 day moving average price of $84.82. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. The firm has a market cap of $7.31 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.73 and a beta of 0.60.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. National Fuel Gas had a net margin of 22.86% and a return on equity of 21.76%. The business had revenue of $466.28 million for the quarter, compared to analyst estimates of $534.57 million. During the same period in the previous year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. As a group, sell-side analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.535 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.14 dividend on an annualized basis and a yield of 2.6%. National Fuel Gas’s dividend payout ratio (DPR) is 37.68%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NFG. Scotiabank cut shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $102.00 to $106.00 in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.00.

National Fuel Gas Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.