31,586 Shares in National Fuel Gas Company $NFG Purchased by WNY Asset Management LLC

WNY Asset Management LLC purchased a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 31,586 shares of the oil and gas producer’s stock, valued at approximately $2,439,000.

A number of other large investors also recently bought and sold shares of NFG. NewEdge Wealth LLC grew its stake in shares of National Fuel Gas by 6.2% during the 4th quarter. NewEdge Wealth LLC now owns 2,680 shares of the oil and gas producer’s stock worth $215,000 after purchasing an additional 156 shares during the period. Optas LLC increased its holdings in shares of National Fuel Gas by 5.3% during the 1st quarter. Optas LLC now owns 3,238 shares of the oil and gas producer’s stock valued at $304,000 after purchasing an additional 163 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of National Fuel Gas by 7.5% in the 3rd quarter. Brooklyn Investment Group now owns 2,434 shares of the oil and gas producer’s stock valued at $225,000 after purchasing an additional 169 shares during the period. Inspire Investing LLC lifted its stake in shares of National Fuel Gas by 5.3% in the 1st quarter. Inspire Investing LLC now owns 3,465 shares of the oil and gas producer’s stock valued at $326,000 after purchasing an additional 174 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in National Fuel Gas by 1.1% during the third quarter. Advisory Services Network LLC now owns 16,732 shares of the oil and gas producer’s stock worth $1,546,000 after buying an additional 175 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings cut National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $105.50.

National Fuel Gas Stock Performance

Shares of NFG opened at $82.95 on Friday. The stock has a market capitalization of $7.88 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.86 and a beta of 0.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.07 and a current ratio of 3.20. National Fuel Gas Company has a 1 year low of $75.17 and a 1 year high of $97.06. The company’s fifty day moving average is $80.57 and its two-hundred day moving average is $84.50.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. The firm had revenue of $537.50 million for the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.National Fuel Gas’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. On average, sell-side analysts predict that National Fuel Gas Company will post 7.5 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. National Fuel Gas’s dividend payout ratio is 30.83%.

About National Fuel Gas

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.