Donald L. Hagan LLC Has $1.07 Million Stock Holdings in National Fuel Gas (NYSE:NFG)

Donald L. Hagan LLC decreased its holdings in National Fuel Gas (NYSE:NFG) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,676 shares of the oil and gas producer’s stock after selling 1,479 shares during the quarter. Donald L. Hagan LLC’s holdings in National Fuel Gas were worth $1,066,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC bought a new position in National Fuel Gas in the 1st quarter valued at about $27,000. Hexagon Capital Partners LLC bought a new position in National Fuel Gas in the 1st quarter valued at about $28,000. Valley National Advisers Inc. bought a new position in National Fuel Gas in the 2nd quarter valued at about $37,000. Lindbrook Capital LLC lifted its position in National Fuel Gas by 123.0% in the 1st 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. Finally, LifeSteps Financial Inc. bought a new position in National Fuel Gas in the 1st quarter valued at about $46,000. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock traded up $0.17 during mid-day trading on Friday, hitting $59.07. 608,294 shares of the stock were exchanged, compared to its average volume of 550,659. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $59.62. The company has a 50-day simple moving average of $56.56 and a 200 day simple moving average of $53.92. 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 company has a market capitalization of $5.43 billion, a P/E ratio of 11.72 and a beta of 0.62.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $540.62 million. During the same quarter last year, the firm earned $1.01 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Sell-side analysts anticipate that National Fuel Gas will post 6 earnings per share 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. Stockholders of record on Friday, June 28th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, June 28th. This represents a $2.06 annualized dividend and a dividend yield of 3.49%. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.50. National Fuel Gas’s dividend payout ratio (DPR) is presently 40.87%.

Insider Transactions at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 6,357 shares of the firm’s stock in a transaction that occurred 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 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 at the SEC website. 1.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NFG shares. Scotiabank raised their price target on shares of National Fuel Gas from $75.00 to $80.00 and gave the company a “sector outperform” rating in a research report on Friday, July 12th. StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Monday, August 5th.

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.