Kendall Capital Management Has $741,000 Stock Position in National Fuel Gas (NYSE:NFG)

Kendall Capital Management raised its position in National Fuel Gas (NYSE:NFG) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,680 shares of the oil and gas producer’s stock after purchasing an additional 425 shares during the quarter. Kendall Capital Management’s holdings in National Fuel Gas were worth $741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFG. Beacon Capital Management LLC bought a new position in National Fuel Gas during the first quarter valued at approximately $27,000. Hexagon Capital Partners LLC acquired a new position in shares of National Fuel Gas during the 1st quarter worth $28,000. Valley National Advisers Inc. bought a new position in shares of National Fuel Gas during the 2nd quarter valued at $37,000. Lindbrook Capital LLC lifted its stake in shares of National Fuel Gas by 123.0% in the 1st quarter. Lindbrook Capital LLC now owns 767 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 423 shares during the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in National Fuel Gas in the first quarter worth $46,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com lowered National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, August 5th. JPMorgan Chase & Co. cut their price objective on National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Finally, Scotiabank upped their target price on National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th.

Insiders Place Their Bets

In related news, General Counsel Michael W. Reville sold 6,357 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $54.83, for a total value of $348,554.31. Following the completion of the sale, the general counsel now owns 9,903 shares in the company, valued at $542,981.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.55% of the company’s stock.

National Fuel Gas Stock Down 0.8 %

National Fuel Gas stock opened at $60.34 on Thursday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 11.97 and a beta of 0.62. The firm has a fifty day moving average price of $58.65 and a two-hundred day moving average price of $55.72. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $61.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.77 and a quick ratio of 0.65.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $540.62 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, analysts forecast that National Fuel Gas will post 5.13 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Monday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is presently 40.87%.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.