Corient Private Wealth LLC Cuts Stake in National Fuel Gas (NYSE:NFG)

Corient Private Wealth LLC cut its holdings in National Fuel Gas (NYSE:NFG) by 27.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,682 shares of the oil and gas producer’s stock after selling 2,118 shares during the period. Corient Private Wealth LLC’s holdings in National Fuel Gas were worth $345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kentucky Trust Co bought a new position in shares of National Fuel Gas during the fourth quarter worth $25,000. UMB Bank n.a. lifted its stake in National Fuel Gas by 82.9% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 218 shares in the last quarter. S.A. Mason LLC bought a new position in shares of National Fuel Gas during the 4th quarter valued at about $38,000. V Square Quantitative Management LLC grew its position in shares of National Fuel Gas by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 239 shares in the last quarter. Finally, IAG Wealth Partners LLC bought a new stake in shares of National Fuel Gas in the fourth quarter worth about $46,000. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Trading Up 0.2 %

NFG opened at $78.81 on Monday. The stock has a 50-day moving average of $73.51 and a 200 day moving average of $65.70. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80. National Fuel Gas has a 12 month low of $51.46 and a 12 month high of $79.49. The firm has a market cap of $7.14 billion, a P/E ratio of -562.85 and a beta of 0.57.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same period in the previous year, the business posted $1.46 earnings per share. As a group, research analysts forecast that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, March 31st. National Fuel Gas’s dividend payout ratio is currently -1,471.43%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on National Fuel Gas from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, March 13th. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $74.67.

National Fuel Gas Company Profile

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.