National Fuel Gas (NYSE:NFG) Shares Sold by Profund Advisors LLC

Posted by Defense World Staff on Apr 23rd, 2023

Profund Advisors LLC cut its position in National Fuel Gas (NYSE:NFG – Get Rating) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,868 shares of the oil and gas producer’s stock after selling 355 shares during the period. Profund Advisors LLC’s holdings in National Fuel Gas were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Integrated Advisors Network LLC boosted its stake in shares of National Fuel Gas by 323.8% in the fourth quarter. Integrated Advisors Network LLC now owns 55,249 shares of the oil and gas producer’s stock worth $3,497,000 after acquiring an additional 42,212 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of National Fuel Gas by 14.9% in the fourth quarter. Bank of Montreal Can now owns 16,203 shares of the oil and gas producer’s stock worth $1,044,000 after acquiring an additional 2,100 shares during the last quarter. Meritage Portfolio Management boosted its stake in shares of National Fuel Gas by 3.8% in the fourth quarter. Meritage Portfolio Management now owns 53,840 shares of the oil and gas producer’s stock worth $3,408,000 after acquiring an additional 1,981 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in National Fuel Gas by 10.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,978 shares of the oil and gas producer’s stock worth $822,000 after buying an additional 1,265 shares during the last quarter. Finally, CWM LLC boosted its stake in National Fuel Gas by 1.7% during the fourth quarter. CWM LLC now owns 86,747 shares of the oil and gas producer’s stock worth $5,491,000 after buying an additional 1,440 shares during the last quarter. 72.25% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Price Performance

NYSE:NFG opened at $55.03 on Friday. National Fuel Gas has a 52 week low of $53.94 and a 52 week high of $75.97. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $5.05 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.06 and a beta of 0.68. The stock’s fifty day moving average is $56.88 and its two-hundred day moving average is $60.72.

National Fuel Gas (NYSE:NFG – Get Rating) last posted its earnings results on Friday, February 3rd. The oil and gas producer reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.19. National Fuel Gas had a return on equity of 27.11% and a net margin of 26.25%. The company had revenue of $658.86 million for the quarter, compared to the consensus estimate of $600.10 million. During the same quarter in the previous year, the business earned $1.48 earnings per share. Equities analysts expect that National Fuel Gas will post 5.23 EPS for the current year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were given a $0.475 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.90 dividend on an annualized basis and a yield of 3.45%. National Fuel Gas’s dividend payout ratio is currently 29.05%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFG. Raymond James lowered National Fuel Gas from an “outperform” rating to a “market perform” rating in a research note on Monday, February 6th. Scotiabank lowered National Fuel Gas from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $91.00 to $85.00 in a research note on Tuesday, January 17th. Finally, StockNews.com began coverage on National Fuel Gas in a research note on Thursday, March 16th. They set a “hold” rating on the stock.

National Fuel Gas Company Profile

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National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, storage, and distribution of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment seeks to discover and produce raw materials.