Prudential Financial Boosts Stake in National Fuel Gas by 61965 Shares
January 31, 2023
Trending News ☀️
Prudential Financial Inc. recently acquired 61965 shares of National Fuel Gas ($NYSE:NFG), boosting their stake in the company. National Fuel Gas Co. is a diversified energy company with operations in the United States and Canada. The company also operates an interstate gas transmission system, a local gas distribution business, an oil and gas exploration and production business, and a midstream energy business. It has interests in coal mining and gas storage businesses as well. The company’s businesses are well-positioned to benefit from the growing demand for energy and the increasing complexity of energy production and delivery. Within their oil and gas exploration and production business, National Fuel Gas has operations in California, Texas, and the Appalachian region. In California, they are engaged in the development of oil and gas reserves, including the acquisition of leases, drilling and development activities, and the sale of natural gas and oil.
In Texas, they are focused on the exploration and development of oil and gas reserves and the sale of natural gas. In the Appalachian region, they are focused on the exploration and development of oil and gas reserves, including shale gas. In addition to their exploration and production activities, National Fuel Gas also owns a midstream energy business that transports natural gas through an interstate pipeline system. This system consists of a network of pipelines that connect the Appalachian region with markets in the Midwest, Mid-Atlantic, and Northeast regions of the United States. With their diversified portfolio of businesses, they are well-positioned to benefit from the rapidly changing energy landscape.
Stock Price
The news has been positively received in the media, as many investors are looking to benefit from the company’s success in the energy sector. On Monday, National Fuel Gas stock opened at $56.9 and closed at $56.8, down by 0.6% from its last closing price of $57.1. The company is a diversified energy company that is engaged in the exploration, production, transmission, distribution, and storage of natural gas. It also operates in the oil and gas exploration and production, pipeline transportation and gathering, and storage businesses. It also operates in the utility business through its subsidiaries, which include Niagara Mohawk Power Corporation and Empire State Electric Energy Corporation. National Fuel Gas has been operating for over a century and is one of the largest energy companies in the United States. The company’s operations are focused in Pennsylvania, New York, and Ohio.
It also has operations in Idaho, Montana, Texas, Wyoming, and West Virginia. National Fuel Gas’s operations are divided into two business segments; Exploration and Production, and Utility. The Exploration and Production segment is responsible for the exploration and production of natural gas and hydrocarbons. This segment also produces electricity through power plants located in Pennsylvania and New York. The Utility segment provides retail electricity and natural gas services to customers in the states of Pennsylvania, New York, and Ohio. With its diverse energy operations and strong financial position, National Fuel Gas may be well-positioned for continued growth and success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NFG. More…
| Total Revenues | Net Income | Net Margin |
| 2.19k | 566.02 | 25.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NFG. More…
| Operations | Investing | Financing |
| 812.52 | -518.7 | -276.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NFG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.9k | 5.82k | 22.74 |
Key Ratios Snapshot
Some of the financial key ratios for NFG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | 16.1% | 37.2% |
| FCF Margin | ROE | ROA |
| 0.0% | 24.9% | 6.4% |
VI Analysis
Investors looking for a stable, long-term investment may be interested in National Fuel Gas. Through the use of VI App, investors can analyze the fundamentals of the company and identify that it is strong in terms of dividend and profitability. Its asset and growth scores are classified as medium, while its cashflow and debt health score is 6/10. This suggests that the company is likely to survive any crisis without the risk of bankruptcy. National Fuel Gas is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. It is often seen as an attractive stock for investors looking for safe, long-term investments. The company has a long track record of success and its fundamentals are strong, making it a viable option for those seeking a dependable investment. Given National Fuel Gas’ well-established history, its strong fundamentals, and its potential for long-term growth, it is likely to be an attractive investment for investors who are looking for a secure, reliable option. The company’s financials make it an ideal choice for any investor looking for a steady stream of income or those who are looking to build up their portfolio with a dependable option. More…
VI Peers
The company’s main business is natural gas and crude oil production, transportation and sale. The company operates in the United States, Canada and Argentina. National Fuel Gas Co’s main competitors are Transportadora de Gas del Sur SA, Oasis Petroleum Inc, YPF SA.
– Transportadora de Gas del Sur SA ($NYSE:TGS)
Transportadora de Gas del Sur SA is a gas transportation and distribution company operating in Argentina. The company’s market cap as of 2022 is 1.35B and its ROE is 10.03%. The company is engaged in the transportation and distribution of natural gas to industrial, commercial and residential customers in Argentina.
– Oasis Petroleum Inc ($NASDAQ:OAS)
Petróleos de Venezuela, S.A. (PDVSA) is a Venezuelan state-owned oil and natural gas company. It was created in 1976 from the nationalization of the Venezuelan oil industry. It is headquartered in Caracas and its operations are primarily focused on Venezuela’s Orinoco Belt region. The company has the largest proven reserves of crude oil in the world and is the largest producer of oil in South America.
PDVSA is a vertically integrated company that engages in all aspects of the oil and gas industry, including exploration and production, refining, marketing, and transportation. The company also has significant stakes in a number of joint ventures, most notably with Chevron, ExxonMobil, and Total.
PDVSA has a market cap of $2.94 billion as of 2022 and a return on equity of 22.79%. The company is the largest producer of oil in South America and has the largest proven reserves of crude oil in the world.
Summary
National Fuel Gas Co. (NFG) recently saw an increase in its stake by Prudential Financial Inc., a major financial services company. This marks a positive sentiment towards NFG, which is a diversified energy company that operates through five segments: exploration and production, pipeline and storage, gathering, utility, and energy marketing. NFG produces and transports natural gas, generates electricity, and supplies retail energy services. It also has an active presence in the Marcellus Shale formation.
With its diverse range of operations, NFG offers investors a variety of options for potential growth and value. Investors should continue to monitor NFG for further developments that might affect its stock price.
Related Posts
Recent Posts
