Corebridge Financial Inc. Sells 4,660 Shares of National Fuel Gas (NYSE:NFG)

Corebridge Financial Inc. decreased its stake in National Fuel Gas (NYSE:NFG - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,371 shares of the oil and gas producer's stock after selling 4,660 shares during the quarter. Corebridge Financial Inc. owned 0.11% of National Fuel Gas worth $6,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFG. Victory Capital Management Inc. raised its position in shares of National Fuel Gas by 3.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,584,155 shares of the oil and gas producer's stock valued at $156,807,000 after acquiring an additional 85,950 shares during the period. Charles Schwab Investment Management Inc. increased its stake in National Fuel Gas by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 920,918 shares of the oil and gas producer's stock valued at $55,817,000 after purchasing an additional 7,830 shares in the last quarter. Franklin Resources Inc. raised its holdings in National Fuel Gas by 33.3% in the third quarter. Franklin Resources Inc. now owns 220,869 shares of the oil and gas producer's stock worth $13,386,000 after purchasing an additional 55,152 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in shares of National Fuel Gas by 0.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 214,098 shares of the oil and gas producer's stock worth $12,991,000 after purchasing an additional 1,667 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of National Fuel Gas by 0.5% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 159,753 shares of the oil and gas producer's stock valued at $9,694,000 after buying an additional 792 shares during the period. Institutional investors own 73.96% of the company's stock.

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National Fuel Gas Stock Down 1.5 %

NFG traded down $1.17 during trading on Thursday, hitting $78.79. The company had a trading volume of 965,397 shares, compared to its average volume of 536,139. The company has a market capitalization of $7.13 billion, a PE ratio of -562.77 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas has a one year low of $51.46 and a one year high of $80.14. The firm's 50-day moving average price is $74.34 and its 200 day moving average price is $66.16.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same period last year, the business earned $1.46 EPS. As a group, equities analysts expect that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.06 annualized dividend and a dividend yield of 2.61%. National Fuel Gas's dividend payout ratio is currently -1,471.43%.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their price objective on National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a research note on Thursday, March 13th. StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, National Fuel Gas has a consensus rating of "Hold" and a consensus price target of $74.67.

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.