Texas Permanent School Fund Corp Has $3.16 Million Stake in National Fuel Gas Company $NFG

Texas Permanent School Fund Corp reduced its position in National Fuel Gas Company (NYSE:NFG) by 32.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,338 shares of the oil and gas producer’s stock after selling 17,620 shares during the quarter. Texas Permanent School Fund Corp’s holdings in National Fuel Gas were worth $3,163,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in National Fuel Gas during the second quarter valued at $30,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of National Fuel Gas by 316.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 304 shares during the period. Golden State Wealth Management LLC boosted its position in shares of National Fuel Gas by 355.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 316 shares in the last quarter. Assetmark Inc. boosted its position in shares of National Fuel Gas by 60.1% during the 2nd quarter. Assetmark Inc. now owns 613 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 230 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in National Fuel Gas during the first quarter worth approximately $55,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

NFG has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday. Scotiabank lowered shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $102.00 to $106.00 in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $98.00.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $81.16 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 firm has a fifty day simple moving average of $81.51 and a two-hundred day simple moving average of $84.81. National Fuel Gas Company has a 12 month low of $59.01 and a 12 month high of $94.13. The firm has a market capitalization of $7.34 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.74 and a beta of 0.60.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $466.28 million during the quarter, compared to analysts’ expectations of $534.57 million. National Fuel Gas had a net margin of 22.86% and a return on equity of 21.76%. The business’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

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

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.