Perella Weinberg Partners Capital Management LP Takes $805,000 Position in National Fuel Gas Co. (NFG)

Perella Weinberg Partners Capital Management LP bought a new stake in National Fuel Gas Co. (NYSE:NFG) during the first quarter, HoldingsChannel.com reports. The fund bought 13,209 shares of the oil and gas producer’s stock, valued at approximately $805,000.

A number of other institutional investors have also recently made changes to their positions in NFG. Vanguard Group Inc lifted its position in shares of National Fuel Gas by 7.7% during the 3rd quarter. Vanguard Group Inc now owns 8,478,951 shares of the oil and gas producer’s stock worth $475,330,000 after buying an additional 607,091 shares during the last quarter. BlackRock Inc. lifted its position in shares of National Fuel Gas by 4.9% during the 4th quarter. BlackRock Inc. now owns 7,887,052 shares of the oil and gas producer’s stock worth $403,661,000 after buying an additional 365,622 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of National Fuel Gas by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,426,222 shares of the oil and gas producer’s stock worth $248,134,000 after buying an additional 79,349 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of National Fuel Gas by 5,018.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 1,698,894 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of National Fuel Gas by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock worth $44,823,000 after buying an additional 31,628 shares during the last quarter. 74.59% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on NFG. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. US Capital Advisors downgraded National Fuel Gas from an “overweight” rating to a “hold” rating in a research report on Monday, March 18th.

Shares of NFG opened at $57.15 on Wednesday. National Fuel Gas Co. has a 12-month low of $49.60 and a 12-month high of $61.71. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 5.86 and a beta of 0.85.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.08). National Fuel Gas had a return on equity of 14.99% and a net margin of 17.57%. The firm had revenue of $552.54 million during the quarter, compared to analyst estimates of $602.15 million. During the same period in the previous year, the company earned $1.11 EPS. National Fuel Gas’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts forecast that National Fuel Gas Co. will post 3.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.97%. National Fuel Gas’s payout ratio is presently 50.90%.

In other news, insider John P. Mcginnis sold 2,357 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $60.14, for a total value of $141,749.98. Following the completion of the sale, the insider now owns 20,000 shares of the company’s stock, valued at $1,202,800. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paula M. Ciprich sold 10,227 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $60.42, for a total value of $617,915.34. Following the completion of the sale, the vice president now directly owns 73,702 shares of the company’s stock, valued at approximately $4,453,074.84. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

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National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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