Landscape Capital Management L.L.C. Takes Position in National Fuel Gas Company $NFG

Landscape Capital Management L.L.C. bought a new position in National Fuel Gas Company (NYSE:NFG) during the second quarter, Holdings Channel reports. The firm bought 25,213 shares of the oil and gas producer’s stock, valued at approximately $1,947,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EP Wealth Advisors LLC purchased a new position in National Fuel Gas during the second quarter valued at approximately $680,000. Ieq Capital LLC acquired a new position in National Fuel Gas in the second quarter valued at approximately $1,717,000. Callan Family Office LLC acquired a new position in National Fuel Gas in the second quarter valued at approximately $210,000. Allworth Financial LP purchased a new stake in National Fuel Gas in the 2nd quarter worth approximately $432,000. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in National Fuel Gas in the 2nd quarter worth approximately $4,614,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.50.

National Fuel Gas Stock Performance

NFG opened at $82.47 on Friday. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The company 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 Company has a 52-week low of $75.17 and a 52-week high of $97.06. The firm’s fifty day simple moving average is $80.05 and its two-hundred day simple moving average is $84.54.

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

National Fuel Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. National Fuel Gas’s payout ratio is presently 30.83%.

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.