Federated Hermes Inc. Sells 1,580 Shares of National Fuel Gas (NYSE:NFG)

Federated Hermes Inc. reduced its stake in National Fuel Gas (NYSE:NFG) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,163 shares of the oil and gas producer’s stock after selling 1,580 shares during the period. Federated Hermes Inc.’s holdings in National Fuel Gas were worth $713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC acquired a new position in shares of National Fuel Gas during the first quarter valued at about $27,000. Hexagon Capital Partners LLC acquired a new position in shares of National Fuel Gas during the first quarter valued at about $28,000. Valley National Advisers Inc. acquired a new position in shares of National Fuel Gas during the second quarter valued at about $37,000. Lindbrook Capital LLC grew its holdings in shares of National Fuel Gas by 123.0% during the first quarter. Lindbrook Capital LLC now owns 767 shares of the oil and gas producer’s stock valued at $41,000 after buying an additional 423 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of National Fuel Gas during the first quarter valued at about $46,000. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Stock Down 0.1 %

National Fuel Gas stock opened at $60.30 on Monday. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $61.42. The stock has a market cap of $5.54 billion, a PE ratio of 11.96 and a beta of 0.62. The firm’s 50-day simple moving average is $58.92 and its 200 day simple moving average is $55.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77.

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

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.515 dividend. 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 payout ratio is 40.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NFG shares. StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, August 5th. JPMorgan Chase & Co. reduced their price objective on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, Scotiabank boosted their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th.

National Fuel Gas 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.