National Fuel Gas Co. (NYSE:NFG) Stake Decreased by Zebra Capital Management LLC

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Zebra Capital Management LLC reduced its position in National Fuel Gas Co. (NYSE:NFG) by 41.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its position in National Fuel Gas by 184.3% during the second quarter. Cubist Systematic Strategies LLC now owns 11,646 shares of the oil and gas producer’s stock valued at $617,000 after purchasing an additional 7,549 shares during the period. Bank of America Corp DE raised its position in National Fuel Gas by 76.9% during the second quarter. Bank of America Corp DE now owns 666,903 shares of the oil and gas producer’s stock valued at $35,319,000 after purchasing an additional 289,998 shares during the period. Capital Fund Management S.A. raised its position in National Fuel Gas by 21.5% during the second quarter. Capital Fund Management S.A. now owns 66,998 shares of the oil and gas producer’s stock valued at $3,548,000 after purchasing an additional 11,860 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in National Fuel Gas during the second quarter valued at approximately $504,000. Finally, First Republic Investment Management Inc. purchased a new stake in National Fuel Gas during the second quarter valued at approximately $216,000. Institutional investors own 71.06% of the company’s stock.

Shares of NYSE:NFG opened at $58.01 on Tuesday. National Fuel Gas Co. has a 52-week low of $48.31 and a 52-week high of $59.90. The company has a market capitalization of $4.82 billion, a P/E ratio of 17.58, a PEG ratio of 3.44 and a beta of 0.81. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, August 2nd. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. National Fuel Gas had a return on equity of 15.77% and a net margin of 25.09%. The company had revenue of $342.90 million for the quarter, compared to analysts’ expectations of $380.47 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. National Fuel Gas’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that National Fuel Gas Co. will post 3.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.425 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.70 annualized dividend and a yield of 2.93%. National Fuel Gas’s dividend payout ratio (DPR) is currently 51.52%.

Several equities research analysts have recently weighed in on NFG shares. Zacks Investment Research upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday, July 20th. ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Monday. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Finally, US Capital Advisors reissued an “overweight” rating on shares of National Fuel Gas in a research note on Tuesday, July 17th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.00.

In related news, insider Ronald C. Kraemer sold 3,054 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $55.47, for a total value of $169,405.38. Following the transaction, the insider now owns 34,427 shares of the company’s stock, valued at $1,909,665.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.43% of the stock is owned by corporate insiders.

National Fuel Gas 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.

Read More: What is an Initial Public Offering (IPO)?

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

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