O Shares Investment Advisers LLC Decreases Position in National Fuel Gas Co. (NYSE:NFG)

O Shares Investment Advisers LLC trimmed its holdings in National Fuel Gas Co. (NYSE:NFG) by 10.7% in the 1st quarter, HoldingsChannel reports. The fund owned 5,903 shares of the oil and gas producer’s stock after selling 708 shares during the quarter. O Shares Investment Advisers LLC’s holdings in National Fuel Gas were worth $360,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc increased its stake in National Fuel Gas by 7.7% during the 3rd quarter. Vanguard Group Inc now owns 8,478,951 shares of the oil and gas producer’s stock valued at $475,330,000 after purchasing an additional 607,091 shares in the last quarter. BlackRock Inc. grew its stake in shares of National Fuel Gas by 4.9% in the fourth quarter. BlackRock Inc. now owns 7,887,052 shares of the oil and gas producer’s stock worth $403,661,000 after acquiring an additional 365,622 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of National Fuel Gas by 5,018.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 1,698,894 shares during the period. LSV Asset Management grew its stake in shares of National Fuel Gas by 185.3% in the first quarter. LSV Asset Management now owns 1,459,779 shares of the oil and gas producer’s stock worth $88,988,000 after acquiring an additional 948,120 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of National Fuel Gas by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock worth $44,823,000 after acquiring an additional 31,628 shares during the period. Institutional investors own 73.57% of the company’s stock.

NFG opened at $54.03 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $4.60 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 5.43 and a beta of 0.89. National Fuel Gas Co. has a 12-month low of $49.60 and a 12-month high of $61.71.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.08). The business had revenue of $552.54 million during the quarter, compared to analysts’ expectations of $602.15 million. National Fuel Gas had a return on equity of 14.99% and a net margin of 17.57%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. On average, equities research analysts predict that National Fuel Gas Co. will post 3.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.435 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.22%. National Fuel Gas’s dividend payout ratio (DPR) is presently 50.90%.

NFG has been the subject of a number of research analyst reports. US Capital Advisors lowered shares of National Fuel Gas from an “overweight” rating to a “hold” rating in a research note on Monday, March 18th. Zacks Investment Research lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th.

In related news, insider John P. Mcginnis sold 2,357 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $60.14, for a total value of $141,749.98. Following the transaction, the insider now owns 20,000 shares of the company’s stock, valued at $1,202,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

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About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

Further Reading: Cash Flow

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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