As of the 2nd quarter, Hennessy Advisors Inc., an institutional investor, has decreased its holdings in shares of National Fuel Gas (NYSE:NFG) by 6.3%, according to the company’s recent Form 13F filing with the Securities and Exchange Commission (SEC). The investor now holds 89,224 shares of the oil and gas producer’s stock after selling 6,000 shares during this period. At the end of the most recent quarter, these shares were valued at $4,583,000, representing 0.10% ownership of National Fuel Gas by Hennessy Advisors Inc.
National Fuel Gas recently released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported earnings per share (EPS) of $1.01 for the quarter, surpassing analysts’ consensus estimates of $0.90 by $0.11. Furthermore, National Fuel Gas achieved a net margin of 25.06% and a return on equity (ROE) of 19.71%. Despite beating EPS expectations, the company generated revenue totaling $428.70 million during this period compared to analysts’ estimates of $480.10 million.
Looking ahead into the current year, equities research analysts maintain an average expectation that National Fuel Gas will post earnings per share (EPS) of 5.31. This projection considers various factors affecting the oil and gas industry as well as National Fuel Gas’ specific operations.
Investors and market observers may find it beneficial to closely monitor developments regarding National Fuel Gas’ performance considering recent changes in ownership and financial results disclosed in its quarterly report.
In conclusion, Hennessy Advisors Inc.’s reduction in its position in National Fuel Gas coupled with the company’s better than expected EPS figures for the last quarter indicates a complex landscape within this industry sector. As a result, investors are encouraged to stay informed about any updates related to National Fuel Gas and its future prospects.
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Institutional Investors Increase Stakes in National Fuel Gas (NFG) as Conflicting Analyst Reports Emerge
In recent news, various hedge funds and institutional investors have been making adjustments to their stakes in National Fuel Gas (NFG). One notable investor, Vanguard Group Inc., has increased its holdings in the oil and gas producer by 8.2% during the third quarter. This move has resulted in Vanguard Group Inc. owning 11,771,775 shares of NFG valued at $724,553,000.
BlackRock Inc., another significant institutional investor, has also increased its stake in NFG by 1.6% during the first quarter. They now own 8,679,965 shares valued at $501,181,000. State Street Corp has followed suit by increasing its holdings in NFG by 13.6%, bringing their total shares to 7,658,888 with a value of $445,793,000.
Gabelli Funds LLC and Geode Capital Management LLC have also made slight increases to their holdings in NFG during the first quarter. While Gabelli Funds LLC now owns 2,431,500 shares valued at $140,395,000 after buying an additional 13,500 shares; Geode Capital Management LLC holds 1,438,589 shares valued at $84,6010 according to the new documents filed.
It is worth noting that institutional investors collectively hold approximately 73.70% of NFG’s stock.
On Tuesday morning of September 26th this year,National Fuel Gas opened its share market at $52.61and fared well without much fluctuation on both its simple moving average between a period of fifty days which held steady at cool $53.06 and a two hundred-day simple moving average settlement showing a close figure of $53.27.The organization boasts an exciting sum mounting up to about %4 billion dollars as market capitalization which definitely brings some bustiness since it sounds like lot dollar bills.
National Fuel Gas reported its 52-week low to be $48.89 and the 52-week high hits a stunning $68.22.The quick ratio which the firm carries is marked at 0.61 while the slightly more wider scale, the current ratio, sits in at 0.52.Another aspect to dive into would be the debt-to-equity ratio pacing itself at a comfortable 0.81.Given all these variables, National Fuel Gas maintains an attractive beta of only 0.67 which for some might sound perplexing to comprehend yet it continues making strides in favor of long-term dividend payout back to it’s investors’ remarkable returns year-after-year.
For those who keep an eye on dividends, there is good news as National Fuel Gas has recently declared a quarterly dividend payout that will take place on Friday, October 13th.More details include that investors who are on record by end of business dayon Friday, September29th would receive $0.495 per share being granted. This yields an annualized dividend amounting to a total sum of $1.98 .The ex-dividend day for this particular dividend is set to Thursday September today.Monetary wise we that sums up to result in National Fuel Gas presently achieving a dividend payout ratio (DPR) equivalent of %32.57.
In light of this positive information and updates surrounding National Fuel Gas (NFG), several analysts have weighed in with their thoughts on the company’s stock performance and outlooks around future investment possibilities.Scotiabank recently released a report upgrading their rating from “sector perform” to “sector outperform,” stating that they believe NFG has strong growth potential ahead.The target price given by Scotiabank is currently set at$68.StockNews.com has taken on a different view though downgrading NFG from a“hold” rating to “sell,” expressing some concerns about the company’s performance moving forward.It seems conflicting viewpoints are present in the market which causes some slight uncertainty.
In conclusion, National Fuel Gas has been gaining attention from institutional investors and hedge funds. With notable investors like Vanguard Group Inc., BlackRock Inc., State Street Corp, Gabelli Funds LLC, and Geode Capital Management LLC increasing their stakes, it suggests a positive outlook for the company’s future.The recent declaration of a quarterly dividend further solidifies NFG’s commitment to providing attractive returns to its shareholders.However, the conflicting reports from analysts remind us that investing always carries an element of risk. It will be interesting to see how NFG continues to perform in the coming months as it navigates both positive growth potential and concerns surrounding its stock.
