Inspire Advisors LLC Has $220,000 Stake in National Fuel Gas (NYSE:NFG)

Inspire Advisors LLC lowered its holdings in shares of National Fuel Gas (NYSE:NFG) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,634 shares of the oil and gas producer’s stock after selling 190 shares during the period. Inspire Advisors LLC’s holdings in National Fuel Gas were worth $220,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NFG. V Square Quantitative Management LLC bought a new stake in shares of National Fuel Gas during the third quarter worth about $29,000. Beacon Capital Management LLC bought a new position in shares of National Fuel Gas during the 1st quarter valued at approximately $27,000. Hexagon Capital Partners LLC purchased a new stake in National Fuel Gas in the first quarter worth $28,000. GAMMA Investing LLC raised its stake in National Fuel Gas by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 194 shares during the period. Finally, Valley National Advisers Inc. purchased a new stake in shares of National Fuel Gas during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the transaction, the general counsel now directly owns 8,203 shares of the company’s stock, valued at approximately $498,496.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on NFG shares. Scotiabank boosted their price objective on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. decreased their price objective on National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday.

National Fuel Gas Price Performance

Shares of NFG opened at $63.03 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77. The stock has a market cap of $5.79 billion, a PE ratio of 12.51 and a beta of 0.62. The firm’s 50-day simple moving average is $59.96 and its two-hundred day simple moving average is $57.09. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $63.04.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $417.40 million during the quarter, compared to analyst estimates of $540.62 million. During the same period in the previous year, the business earned $1.01 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts anticipate that National Fuel Gas will post 5.05 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s payout ratio is 40.87%.

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.