Millennium Management LLC Trims Stake in National Fuel Gas Co. (NFG)

Millennium Management LLC trimmed its position in shares of National Fuel Gas Co. (NYSE:NFG) by 96.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,445 shares of the oil and gas producer’s stock after selling 136,670 shares during the period. Millennium Management LLC’s holdings in National Fuel Gas were worth $227,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JOYN Advisors Inc. raised its stake in shares of National Fuel Gas by 89.5% in the 4th quarter. JOYN Advisors Inc. now owns 487 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 230 shares in the last quarter. JNBA Financial Advisors bought a new position in shares of National Fuel Gas in the 4th quarter valued at approximately $26,000. Synovus Financial Corp bought a new position in shares of National Fuel Gas in the 4th quarter valued at approximately $36,000. Pearl River Capital LLC bought a new position in shares of National Fuel Gas in the 4th quarter valued at approximately $36,000. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of National Fuel Gas in the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Shares of NYSE NFG opened at $57.06 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 5.84 and a beta of 0.85. National Fuel Gas Co. has a 12 month low of $49.60 and a 12 month high of $61.71.



National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.08). The business had revenue of $552.54 million during the quarter, compared to the consensus estimate of $602.15 million. National Fuel Gas had a return on equity of 14.99% and a net margin of 17.57%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. On average, research analysts forecast that National Fuel Gas Co. will post 3.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, March 28th. National Fuel Gas’s dividend payout ratio is currently 50.90%.

NFG has been the topic of a number of recent analyst reports. US Capital Advisors downgraded National Fuel Gas from an “overweight” rating to a “hold” rating in a research note on Monday, March 18th. Zacks Investment Research raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Friday, February 8th.

In other National Fuel Gas news, insider John P. Mcginnis sold 2,357 shares of National Fuel Gas stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $60.14, for a total value of $141,749.98. Following the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $1,202,800. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Paula M. Ciprich sold 10,227 shares of National Fuel Gas stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $60.42, for a total value of $617,915.34. Following the completion of the transaction, the vice president now directly owns 73,702 shares in the company, valued at $4,453,074.84. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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