Inspire Investing LLC Sells 280 Shares of National Fuel Gas (NYSE:NFG)

Inspire Investing LLC lessened its holdings in National Fuel Gas (NYSE:NFG) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,374 shares of the oil and gas producer’s stock after selling 280 shares during the period. Inspire Investing LLC’s holdings in National Fuel Gas were worth $400,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NFG. HBK Sorce Advisory LLC grew its holdings in shares of National Fuel Gas by 1.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 21,743 shares of the oil and gas producer’s stock valued at $1,168,000 after purchasing an additional 225 shares during the last quarter. Financial Advocates Investment Management grew its stake in shares of National Fuel Gas by 6.2% during the second quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock worth $227,000 after buying an additional 243 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of National Fuel Gas by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 53,460 shares of the oil and gas producer’s stock worth $2,873,000 after buying an additional 244 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its stake in shares of National Fuel Gas by 0.5% in the 1st quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 61,486 shares of the oil and gas producer’s stock valued at $3,303,000 after acquiring an additional 277 shares during the last quarter. Finally, WNY Asset Management LLC lifted its stake in shares of National Fuel Gas by 0.9% in the 1st quarter. WNY Asset Management LLC now owns 33,421 shares of the oil and gas producer’s stock valued at $1,795,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Stock Down 0.1 %

Shares of NFG opened at $60.30 on Friday. The stock’s 50-day moving average price is $58.92 and its two-hundred day moving average price is $55.85. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $61.42. The company has a market capitalization of $5.54 billion, a PE ratio of 11.96 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 0.85.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $417.40 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. On average, analysts anticipate that National Fuel Gas will post 5.13 EPS for the current year.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Monday, September 30th. National Fuel Gas’s dividend payout ratio is presently 40.87%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NFG shares. 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 report on Tuesday, August 20th. StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th.

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.