Landscape Capital Management L.L.C. Purchases Shares of 25,213 National Fuel Gas Company $NFG

Key Points

• Landscape Capital Management purchased 25,213 shares of National Fuel Gas in the second quarter, valued at approximately $1.95 million. Institutional investors collectively own 73.96% of the company.
• National Fuel Gas exceeded quarterly EPS expectations, reporting $1.54 versus the $1.44 consensus estimate, while revenue rose 1.1% year over year to $537.5 million but fell short of forecasts.
• The company increased its quarterly dividend to $0.555 per share, equivalent to an annualized $2.22 payout and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus rating with a $105.50 price target.

Landscape Capital Management L.L.C. purchased a new position in National Fuel Gas Company (NYSE:NFG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,213 shares of the oil and gas producer's stock, valued at approximately $1,947,000.

A number of other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. raised its position in shares of National Fuel Gas by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer's stock valued at $12,667,000 after purchasing an additional 36,913 shares during the last quarter. Empowered Funds LLC purchased a new stake in National Fuel Gas during the 1st quarter worth approximately $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in National Fuel Gas by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer's stock valued at $17,480,000 after purchasing an additional 8,304 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of National Fuel Gas by 79.5% in the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer's stock worth $1,008,000 after buying an additional 5,638 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of National Fuel Gas in the first quarter worth $138,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

NFG has been the topic of a number of research analyst reports. Wall Street Zen raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings lowered National Fuel Gas from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given 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 price target of $105.50.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $82.47 on Friday. The business's 50 day moving average price is $80.05 and its 200 day moving average price is $84.54. The firm has a market cap of $7.84 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.83 and a beta of 0.37. National Fuel Gas Company has a 52 week low of $75.17 and a 52 week high of $97.06. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $564.33 million. During the same quarter in the prior year, the company earned $1.64 EPS. National Fuel Gas's quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that National Fuel Gas Company will post 7.5 earnings per share for the current year.

National Fuel Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.555 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from National Fuel Gas's previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. National Fuel Gas's dividend payout ratio (DPR) is currently 30.83%.

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.

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