Kendall Capital Management Buys Shares of 21,538 National Fuel Gas Company $NFG

Kendall Capital Management bought a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the second quarter, HoldingsChannel.com reports. The firm bought 21,538 shares of the oil and gas producer’s stock, valued at approximately $1,663,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Commerce Bank purchased a new position in shares of National Fuel Gas in the 2nd quarter worth $221,000. Northwestern Mutual Wealth Management Co. purchased a new stake in National Fuel Gas during the second quarter valued at $109,000. Evolve Private Wealth LLC purchased a new stake in National Fuel Gas during the second quarter valued at $886,000. Landscape Capital Management L.L.C. purchased a new stake in National Fuel Gas during the second quarter valued at $1,947,000. Finally, EP Wealth Advisors LLC bought a new position in National Fuel Gas in the second quarter valued at about $680,000. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Trading Down 1.8%

Shares of National Fuel Gas stock opened at $82.47 on Friday. The company’s fifty day simple moving average is $80.05 and its 200-day simple moving average is $84.54. The stock has a market capitalization of $7.84 billion, a PE ratio of 11.45, a P/E/G ratio of 1.83 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. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.20 and a quick ratio of 3.07.

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, topping the consensus estimate of $1.44 by $0.10. The firm had revenue of $537.50 million during the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.National Fuel Gas’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. As a group, equities analysts anticipate that National Fuel Gas Company will post 7.5 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.555 per share. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 30th. National Fuel Gas’s dividend payout ratio is presently 30.83%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NFG. Weiss Ratings cut National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.