Hennessy Advisors Inc. decreased its position in shares of National Fuel Gas Co. (NYSE:NFG) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,924 shares of the oil and gas producer’s stock after selling 14,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in National Fuel Gas were worth $10,282,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NFG. State Street Corp lifted its position in National Fuel Gas by 31.4% during the third quarter. State Street Corp now owns 7,897,674 shares of the oil and gas producer’s stock worth $373,930,000 after purchasing an additional 1,887,837 shares during the period. First Trust Advisors LP lifted its position in National Fuel Gas by 91.7% during the third quarter. First Trust Advisors LP now owns 1,343,757 shares of the oil and gas producer’s stock worth $63,049,000 after purchasing an additional 642,750 shares during the period. BlackRock Inc. lifted its position in National Fuel Gas by 4.2% during the second quarter. BlackRock Inc. now owns 8,236,338 shares of the oil and gas producer’s stock worth $434,467,000 after purchasing an additional 333,562 shares during the period. Nuveen Asset Management LLC bought a new stake in National Fuel Gas during the second quarter worth about $14,487,000. Finally, APG Asset Management N.V. lifted its position in National Fuel Gas by 120.4% during the second quarter. APG Asset Management N.V. now owns 374,400 shares of the oil and gas producer’s stock worth $17,342,000 after purchasing an additional 204,500 shares during the period. 73.11% of the stock is owned by institutional investors and hedge funds.
Shares of NFG stock traded down $0.18 on Tuesday, reaching $44.66. The company had a trading volume of 154,724 shares, compared to its average volume of 520,960. The stock has a market capitalization of $3.88 billion, a PE ratio of 12.94 and a beta of 0.74. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.00. National Fuel Gas Co. has a one year low of $42.98 and a one year high of $61.71. The business’s 50-day moving average is $45.85 and its 200 day moving average is $47.10.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, October 31st. The oil and gas producer reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $293.34 million during the quarter, compared to analysts’ expectations of $336.30 million. National Fuel Gas had a net margin of 17.97% and a return on equity of 14.40%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, sell-side analysts forecast that National Fuel Gas Co. will post 2.99 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.435 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.90%. National Fuel Gas’s dividend payout ratio (DPR) is currently 50.43%.
In related news, VP Paula M. Ciprich sold 4,285 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $47.17, for a total value of $202,123.45. Following the completion of the transaction, the vice president now owns 34,046 shares in the company, valued at approximately $1,605,949.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.
Several equities research analysts recently weighed in on NFG shares. Citigroup cut their price objective on shares of National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. ValuEngine raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group raised shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.00.
National Fuel Gas 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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