National Fuel Gas (NYSE:NFG) Shares Sold by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC decreased its position in National Fuel Gas (NYSE:NFG - Free Report) by 48.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,710 shares of the oil and gas producer's stock after selling 26,632 shares during the quarter. Wealth Advisors of Tampa Bay LLC's holdings in National Fuel Gas were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in National Fuel Gas by 119.8% in the 4th quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer's stock worth $29,000 after buying an additional 309 shares during the last quarter. Belpointe Asset Management LLC lifted its position in National Fuel Gas by 145.5% in the first quarter. Belpointe Asset Management LLC now owns 572 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 339 shares during the last quarter. Quent Capital LLC lifted its position in National Fuel Gas by 166.4% in the fourth quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer's stock valued at $35,000 after purchasing an additional 431 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its position in National Fuel Gas by 68.9% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 760 shares of the oil and gas producer's stock valued at $48,000 after purchasing an additional 310 shares during the last quarter. Finally, Artemis Wealth Advisors LLC bought a new stake in National Fuel Gas in the third quarter valued at approximately $40,000. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Stock Performance

Shares of NYSE:NFG traded down $0.22 during midday trading on Friday, reaching $52.71. 447,820 shares of the company's stock traded hands, compared to its average volume of 486,378. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 1.67 and a beta of 0.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.47 and a current ratio of 0.56. National Fuel Gas has a one year low of $45.32 and a one year high of $58.13. The stock has a 50 day moving average of $49.95 and a 200 day moving average of $50.74.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its earnings results on Thursday, February 8th. The oil and gas producer reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.14. National Fuel Gas had a return on equity of 14.81% and a net margin of 21.58%. The company had revenue of $525.36 million for the quarter, compared to the consensus estimate of $664.57 million. During the same quarter in the prior year, the company earned $1.84 earnings per share. National Fuel Gas's revenue was down 20.3% on a year-over-year basis. As a group, equities research analysts anticipate that National Fuel Gas will post 5.08 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Wednesday, March 27th. National Fuel Gas's dividend payout ratio is 41.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 20th.

National Fuel Gas Company 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.