Hsbc Holdings PLC Takes $989,000 Position in National Fuel Gas Company $NFG

Hsbc Holdings PLC acquired a new position in National Fuel Gas Company (NYSE:NFG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,827 shares of the oil and gas producer’s stock, valued at approximately $989,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in National Fuel Gas during the second quarter worth about $748,569,000. State Street Corp lifted its holdings in National Fuel Gas by 3.4% in the 2nd quarter. State Street Corp now owns 4,035,345 shares of the oil and gas producer’s stock valued at $343,962,000 after acquiring an additional 132,855 shares during the last quarter. Energy Income Partners LLC bought a new position in shares of National Fuel Gas during the 2nd quarter valued at about $231,309,000. AQR Capital Management LLC boosted its position in shares of National Fuel Gas by 103.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock valued at $197,501,000 after purchasing an additional 1,087,067 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of National Fuel Gas by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 1,816,217 shares of the oil and gas producer’s stock worth $145,446,000 after purchasing an additional 121,099 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

NYSE NFG opened at $83.84 on Wednesday. The stock’s 50-day moving average price is $80.99 and its two-hundred day moving average price is $84.46. The company has a current ratio of 3.20, a quick ratio of 3.07 and a debt-to-equity ratio of 0.91. The company has a market cap of $7.97 billion, a PE ratio of 11.64, a PEG ratio of 1.85 and a beta of 0.37. National Fuel Gas Company has a 1 year low of $75.17 and a 1 year high of $97.06.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The company had revenue of $537.50 million during the quarter, compared to analyst estimates of $564.33 million. During the same period in the prior year, the firm earned $1.64 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts predict that National Fuel Gas Company will post 7.49 EPS for the current year.

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.555 dividend. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, June 30th. This represents a $2.22 annualized dividend and a dividend yield of 2.6%. National Fuel Gas’s payout ratio is currently 30.83%.

Analyst Ratings Changes

NFG has been the topic of a number of research reports. Wall Street Zen downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings lowered shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Finally, KeyCorp reaffirmed an “overweight” rating on shares of National Fuel Gas in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.50.

National Fuel Gas Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.