Corient Private Wealth LLC Trims Stock Position in National Fuel Gas (NYSE:NFG)

Corient Private Wealth LLC decreased its position in National Fuel Gas (NYSE:NFG) by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Kentucky Trust Co bought a new position in National Fuel Gas during the 4th quarter worth about $25,000. UMB Bank n.a. lifted its position in shares of 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 during the period. S.A. Mason LLC bought a new position in shares of National Fuel Gas during the fourth quarter valued at approximately $38,000. V Square Quantitative Management LLC boosted its stake 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, Safe Harbor Fiduciary LLC purchased a new position in National Fuel Gas during the third quarter valued at approximately $46,000. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFG. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, National Fuel Gas presently has an average rating of “Hold” and an average price target of $74.67.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $78.81 on Monday. National Fuel Gas has a 12-month low of $51.46 and a 12-month high of $79.49. The business’s fifty day simple moving average is $73.51 and its 200-day simple moving average is $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. The company has a market cap of $7.14 billion, a PE 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 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $1.46 EPS. Analysts expect that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given 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 payout ratio is currently -1,471.43%.

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.