Bernzott Capital Advisors Buys 15,895 Shares of National Fuel Gas Company $NFG

Bernzott Capital Advisors raised its stake in shares of National Fuel Gas Company (NYSE:NFG) by 31.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,590 shares of the oil and gas producer’s stock after purchasing an additional 15,895 shares during the period. National Fuel Gas accounts for about 3.0% of Bernzott Capital Advisors’ portfolio, making the stock its 18th biggest position. Bernzott Capital Advisors’ holdings in National Fuel Gas were worth $6,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Legacy Bridge LLC increased its position in National Fuel Gas by 0.7% during the fourth quarter. Legacy Bridge LLC now owns 17,927 shares of the oil and gas producer’s stock valued at $1,435,000 after acquiring an additional 132 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in shares of National Fuel Gas by 6.2% in the 4th quarter. NewEdge Wealth LLC now owns 2,680 shares of the oil and gas producer’s stock worth $215,000 after acquiring an additional 156 shares during the last quarter. Optas LLC lifted its holdings in shares of National Fuel Gas by 5.3% in the 1st quarter. Optas LLC now owns 3,238 shares of the oil and gas producer’s stock worth $304,000 after acquiring an additional 163 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of National Fuel Gas by 1.4% during the 4th quarter. Park Avenue Securities LLC now owns 12,050 shares of the oil and gas producer’s stock worth $965,000 after purchasing an additional 169 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of National Fuel Gas by 7.5% during the 3rd quarter. Brooklyn Investment Group now owns 2,434 shares of the oil and gas producer’s stock worth $225,000 after purchasing an additional 169 shares during the period. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Stock Up 0.1%

Shares of NFG opened at $79.12 on Friday. The firm has a fifty day moving average price of $79.00 and a 200-day moving average price of $84.48. The company has a current ratio of 0.62, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $7.52 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.74 and a beta of 0.37. National Fuel Gas Company has a 12-month low of $75.17 and a 12-month high of $97.06.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.14). National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The company had revenue of $858.37 million during the quarter, compared to analysts’ expectations of $856.57 million. During the same period in the prior year, the business earned $2.39 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts expect that National Fuel Gas Company will post 7.58 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, June 30th. National Fuel Gas’s dividend payout ratio is 30.04%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFG. KeyCorp initiated coverage on shares of National Fuel Gas in a report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price target on the stock. Weiss Ratings downgraded shares of National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $106.00.

About National Fuel Gas

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.