Jupiter Topco LLC Acquires New Position in National Fuel Gas Company $NFG

Key Points

• Jupiter Topco LLC acquired 41,034 shares of National Fuel Gas in the second quarter, valued at approximately $3.17 million. Institutional investors and hedge funds collectively own 73.96% of the company.
• National Fuel Gas reported quarterly EPS of $1.54, exceeding the $1.44 analyst consensus, while revenue of $537.5 million fell short of expectations. Revenue increased 1.1% year over year.
• The company raised its quarterly dividend to $0.555 per share, or $2.22 annually, representing a 2.7% yield. Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $105.50.

Jupiter Topco LLC bought a new stake in National Fuel Gas Company (NYSE:NFG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 41,034 shares of the oil and gas producer's stock, valued at approximately $3,168,000.

Several other large investors also recently made changes to their positions in NFG. SJS Investment Consulting Inc. lifted its holdings in National Fuel Gas by 458.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer's stock worth $26,000 after buying an additional 229 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of National Fuel Gas in the 4th quarter valued at approximately $29,000. HM Payson & Co. acquired a new stake in shares of National Fuel Gas during the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in National Fuel Gas during the first quarter worth about $38,000. Finally, Bogart Wealth LLC lifted its holdings in shares of National Fuel Gas by 170.2% in the 1st quarter. Bogart Wealth LLC now owns 516 shares of the oil and gas producer's stock worth $49,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFG. Weiss Ratings downgraded National Fuel Gas from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 21st. KeyCorp reaffirmed an "overweight" rating on shares of National Fuel Gas in a report on Monday. Finally, Wall Street Zen cut shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, National Fuel Gas has a consensus rating of "Moderate Buy" and a consensus target price of $105.50.

National Fuel Gas Stock Performance

NFG opened at $83.29 on Thursday. The firm has a market cap of $7.92 billion, a PE ratio of 11.57, a P/E/G ratio of 1.87 and a beta of 0.37. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $81.12 and a 200-day simple moving average of $84.45. National Fuel Gas Company has a fifty-two week low of $75.17 and a fifty-two week high of $97.06.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.10. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The business had revenue of $537.50 million for the quarter, compared to analysts' expectations of $564.33 million. During the same period in the previous year, the firm posted $1.64 EPS. The company's quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts predict that National Fuel Gas Company will post 7.49 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently disclosed 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 represents a $2.22 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, June 30th. This is a boost from National Fuel Gas's previous quarterly dividend of $0.54. National Fuel Gas's dividend payout ratio is presently 30.83%.

National Fuel Gas Company 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.

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