21,538 Shares in National Fuel Gas Company $NFG Purchased by Kendall Capital Management

Kendall Capital Management acquired a new position in National Fuel Gas Company (NYSE:NFG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,538 shares of the oil and gas producer’s stock, valued at approximately $1,663,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SJS Investment Consulting Inc. boosted its position in shares of National Fuel Gas by 458.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 229 shares in the last quarter. Fairscale Capital LLC bought a new position in National Fuel Gas during the 4th quarter valued at approximately $29,000. HM Payson & Co. bought a new position in National Fuel Gas during the 4th quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of National Fuel Gas in the first quarter worth $38,000. Finally, SHP Wealth Management purchased a new position in shares of National Fuel Gas in the 4th quarter worth about $44,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings downgraded shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.50.

National Fuel Gas Stock Down 1.8%

National Fuel Gas stock opened at $82.47 on Friday. National Fuel Gas Company has a 12 month low of $75.17 and a 12 month high of $97.06. The stock has a fifty day simple moving average of $80.05 and a two-hundred day simple moving average of $84.54. The company has a current ratio of 3.20, a quick ratio of 3.07 and a debt-to-equity ratio of 0.91. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.83 and a beta of 0.37.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The firm had revenue of $537.50 million for the quarter, compared to the consensus estimate of $564.33 million. During the same period in the prior year, the company posted $1.64 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts predict that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

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

National Fuel Gas Company 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.