Kwmg LLC Sells 3,157 Shares of National Fuel Gas (NYSE:NFG)

Kwmg LLC cut its position in National Fuel Gas (NYSE:NFG - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,310 shares of the oil and gas producer's stock after selling 3,157 shares during the quarter. Kwmg LLC owned 0.11% of National Fuel Gas worth $8,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFG. Norges Bank acquired a new position in National Fuel Gas in the 4th quarter valued at approximately $67,393,000. Northern Trust Corp increased its position in National Fuel Gas by 37.9% in the 4th quarter. Northern Trust Corp now owns 1,019,072 shares of the oil and gas producer's stock valued at $61,837,000 after acquiring an additional 279,857 shares during the period. Brandywine Global Investment Management LLC acquired a new position in National Fuel Gas in the 4th quarter valued at approximately $16,906,000. Raymond James Financial Inc. acquired a new position in National Fuel Gas in the 4th quarter valued at approximately $9,067,000. Finally, GAMMA Investing LLC increased its position in National Fuel Gas by 13,154.2% in the 1st quarter. GAMMA Investing LLC now owns 131,614 shares of the oil and gas producer's stock valued at $10,423,000 after acquiring an additional 130,621 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of National Fuel Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their price objective on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, March 13th. Finally, Bank of America upped their price objective on shares of National Fuel Gas from $77.00 to $85.00 and gave the company an "underperform" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $82.33.

National Fuel Gas Stock Up 1.1%

NYSE NFG traded up $0.91 on Friday, hitting $82.51. 325,589 shares of the company were exchanged, compared to its average volume of 557,866. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.46 billion, a PE ratio of -589.34 and a beta of 0.62. The stock has a fifty day moving average of $79.41 and a 200-day moving average of $72.26. National Fuel Gas has a 12 month low of $53.03 and a 12 month high of $84.27.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.21. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. The firm had revenue of $729.95 million for the quarter, compared to analyst estimates of $770.81 million. During the same quarter in the prior year, the business earned $1.79 earnings per share. The business's quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.515 per share. The ex-dividend date was Monday, March 31st. This represents a $2.06 annualized dividend and a dividend yield of 2.50%. National Fuel Gas's dividend payout ratio is currently 479.07%.

About National Fuel Gas

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.