Zebra Capital Management LLC Sells 10,345 Shares of National Fuel Gas Co. (NFG)

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Zebra Capital Management LLC reduced its holdings in shares of National Fuel Gas Co. (NYSE:NFG) by 41.8% in the second quarter, HoldingsChannel.com reports. The fund owned 14,433 shares of the oil and gas producer’s stock after selling 10,345 shares during the period. Zebra Capital Management LLC’s holdings in National Fuel Gas were worth $764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NFG. Point72 Asia Hong Kong Ltd lifted its position in National Fuel Gas by 1,961.5% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,247 shares of the oil and gas producer’s stock valued at $116,000 after acquiring an additional 2,138 shares during the period. NumerixS Investment Technologies Inc bought a new stake in National Fuel Gas during the 2nd quarter valued at about $137,000. Captrust Financial Advisors increased its stake in National Fuel Gas by 49.0% during the 2nd quarter. Captrust Financial Advisors now owns 3,018 shares of the oil and gas producer’s stock valued at $161,000 after purchasing an additional 993 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in National Fuel Gas during the 2nd quarter valued at about $205,000. Finally, Oakbrook Investments LLC bought a new stake in National Fuel Gas during the 2nd quarter valued at about $207,000. 71.10% of the stock is owned by institutional investors.

In other news, insider Ronald C. Kraemer sold 3,054 shares of National Fuel Gas stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $55.47, for a total value of $169,405.38. Following the completion of the sale, the insider now directly owns 34,427 shares in the company, valued at $1,909,665.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paula M. Ciprich sold 4,639 shares of National Fuel Gas stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $52.77, for a total transaction of $244,800.03. Following the completion of the sale, the senior vice president now owns 66,681 shares of the company’s stock, valued at $3,518,756.37. The disclosure for this sale can be found here. Insiders own 2.57% of the company’s stock.

NFG has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. US Capital Advisors restated an “overweight” rating on shares of National Fuel Gas in a research note on Tuesday, July 17th. Finally, TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.00.

NYSE:NFG opened at $56.77 on Friday. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 3.45 and a beta of 0.83. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.89 and a quick ratio of 0.81. National Fuel Gas Co. has a fifty-two week low of $48.31 and a fifty-two week high of $59.90.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, August 2nd. The oil and gas producer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $342.90 million during the quarter, compared to analyst estimates of $380.47 million. National Fuel Gas had a net margin of 25.09% and a return on equity of 15.77%. National Fuel Gas’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. equities research analysts expect that National Fuel Gas Co. will post 3.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.99%. National Fuel Gas’s dividend payout ratio is presently 51.52%.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California in the Appalachian region of the United States.

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Want to see what other hedge funds are holding NFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Fuel Gas Co. (NYSE:NFG).

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

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