Ballentine Partners LLC Sells 284 Shares of National Fuel Gas (NYSE:NFG)

Ballentine Partners LLC lessened its holdings in National Fuel Gas (NYSE:NFG) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,112 shares of the oil and gas producer’s stock after selling 284 shares during the period. Ballentine Partners LLC’s holdings in National Fuel Gas were worth $223,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of National Fuel Gas by 74.0% in the 4th quarter. International Assets Investment Management LLC now owns 6,700 shares of the oil and gas producer’s stock worth $336,000 after buying an additional 2,850 shares during the last quarter. Truist Financial Corp increased its stake in National Fuel Gas by 3.6% during the fourth quarter. Truist Financial Corp now owns 14,783 shares of the oil and gas producer’s stock worth $742,000 after acquiring an additional 514 shares during the last quarter. Natixis Advisors L.P. raised its position in National Fuel Gas by 21.6% during the fourth quarter. Natixis Advisors L.P. now owns 26,532 shares of the oil and gas producer’s stock valued at $1,331,000 after purchasing an additional 4,716 shares during the period. Private Advisor Group LLC lifted its stake in shares of National Fuel Gas by 38.8% in the 4th quarter. Private Advisor Group LLC now owns 11,041 shares of the oil and gas producer’s stock valued at $554,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of National Fuel Gas by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 883,290 shares of the oil and gas producer’s stock worth $44,315,000 after purchasing an additional 27,621 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In other National Fuel Gas news, General Counsel Michael W. Reville sold 6,357 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $54.83, for a total transaction of $348,554.31. Following the sale, the general counsel now owns 9,903 shares of the company’s stock, valued at approximately $542,981.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NFG has been the topic of several recent research reports. Scotiabank increased their price target on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. reduced their target price on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Monday, August 5th.

National Fuel Gas Trading Down 2.2 %

Shares of NYSE NFG opened at $59.17 on Friday. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $60.75. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $58.26 and a two-hundred day simple moving average of $55.37. The firm has a market cap of $5.44 billion, a PE ratio of 11.74 and a beta of 0.62.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $417.40 million during the quarter, compared to analyst estimates of $540.62 million. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. Analysts expect that National Fuel Gas will post 5.21 earnings per share for the current fiscal year.

About National Fuel Gas

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.