ORG Partners LLC Makes New $128,000 Investment in National Fuel Gas (NYSE:NFG)

ORG Partners LLC purchased a new position in National Fuel Gas (NYSE:NFG) in the second quarter, Holdings Channel reports. The institutional investor purchased 2,358 shares of the oil and gas producer’s stock, valued at approximately $128,000.

Several other hedge funds also recently made changes to their positions in NFG. Beacon Capital Management LLC bought a new position in National Fuel Gas in the 1st quarter worth about $27,000. Hexagon Capital Partners LLC bought a new position in shares of National Fuel Gas in the first quarter valued at approximately $28,000. Lindbrook Capital LLC grew its stake in National Fuel Gas by 123.0% during the first quarter. Lindbrook Capital LLC now owns 767 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 423 shares in the last quarter. LifeSteps Financial Inc. bought a new stake in National Fuel Gas during the 1st quarter worth approximately $46,000. Finally, LRI Investments LLC purchased a new stake in National Fuel Gas in the 1st quarter worth approximately $46,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Trading Up 0.2 %

Shares of NYSE NFG traded up $0.12 during mid-day trading on Thursday, hitting $58.91. The stock had a trading volume of 42,257 shares, compared to its average volume of 548,116. The firm has a market cap of $5.41 billion, a P/E ratio of 11.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.77. The business has a 50 day moving average price of $56.45 and a two-hundred day moving average price of $53.72. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $59.62.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $417.40 million during the quarter, compared to the consensus estimate of $540.62 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, equities analysts anticipate that National Fuel Gas will post 6 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.06 annualized dividend and a dividend yield of 3.50%. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.50. National Fuel Gas’s dividend payout ratio is presently 40.87%.

Analyst Upgrades and Downgrades

NFG has been the subject of a number of recent analyst reports. StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Scotiabank raised their price objective on National Fuel Gas from $75.00 to $80.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th.

Insiders Place Their Bets

In other National Fuel Gas news, General Counsel Michael W. Reville sold 6,357 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $54.83, for a total transaction of $348,554.31. Following the completion of the sale, the general counsel now directly owns 9,903 shares in the company, valued at approximately $542,981.49. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.55% of the company’s stock.

National Fuel Gas 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.