Orion Porfolio Solutions LLC Raises Holdings in National Fuel Gas Company $NFG

by · The Markets Daily

Orion Porfolio Solutions LLC grew its holdings in National Fuel Gas Company (NYSE:NFG – Free Report) by 152.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 34,345 shares of the oil and gas producer’s stock after buying an additional 20,726 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in National Fuel Gas were worth $2,909,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC raised its position in National Fuel Gas by 2.8% in the second quarter. Parallel Advisors LLC now owns 4,784 shares of the oil and gas producer’s stock worth $405,000 after acquiring an additional 129 shares in the last quarter. US Bancorp DE boosted its position in shares of National Fuel Gas by 0.6% during the 2nd quarter. US Bancorp DE now owns 25,766 shares of the oil and gas producer’s stock worth $2,183,000 after purchasing an additional 161 shares in the last quarter. UMB Bank n.a. grew its stake in shares of National Fuel Gas by 19.6% during the 2nd quarter. UMB Bank n.a. now owns 1,012 shares of the oil and gas producer’s stock worth $86,000 after purchasing an additional 166 shares during the period. GAMMA Investing LLC increased its holdings in shares of National Fuel Gas by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,857 shares of the oil and gas producer’s stock valued at $157,000 after purchasing an additional 195 shares in the last quarter. Finally, Old Port Advisors increased its holdings in shares of National Fuel Gas by 0.7% in the 2nd quarter. Old Port Advisors now owns 30,487 shares of the oil and gas producer’s stock valued at $2,583,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

NYSE:NFG opened at $82.17 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $7.43 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 0.74 and a beta of 0.60. The firm has a 50-day moving average price of $81.59 and a two-hundred day moving average price of $84.82. National Fuel Gas Company has a twelve month low of $59.01 and a twelve month high of $94.13.

National Fuel Gas (NYSE:NFG – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. National Fuel Gas had a net margin of 22.86% and a return on equity of 21.76%. The business had revenue of $466.28 million for the quarter, compared to analyst estimates of $534.57 million. During the same period in the prior year, the business earned $0.77 earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis. As a group, research analysts expect that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.14 annualized dividend and a yield of 2.6%. National Fuel Gas’s dividend payout ratio (DPR) is presently 37.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NFG. Scotiabank downgraded shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $102.00 to $106.00 in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.00.

Check Out Our Latest Stock Analysis on National Fuel Gas

National Fuel Gas Profile

(Free Report)

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.

Further Reading

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