Knights of Columbus Asset Advisors LLC increased its holdings in National Fuel Gas Company (NYSE:NFG – Free Report) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,765 shares of the oil and gas producer’s stock after purchasing an additional 12,560 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.14% of National Fuel Gas worth $10,299,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in NFG. BlackRock Inc. purchased a new stake in National Fuel Gas during the 2nd quarter valued at approximately $748,569,000. Energy Income Partners LLC lifted its holdings in shares of National Fuel Gas by 1.1% in the first quarter. Energy Income Partners LLC now owns 2,589,824 shares of the oil and gas producer’s stock worth $243,340,000 after buying an additional 28,755 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of National Fuel Gas by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,177,958 shares of the oil and gas producer’s stock worth $110,686,000 after acquiring an additional 42,108 shares during the last quarter. First Trust Advisors LP boosted its position in shares of National Fuel Gas by 35.7% during the first quarter. First Trust Advisors LP now owns 1,072,487 shares of the oil and gas producer’s stock worth $100,771,000 after acquiring an additional 282,071 shares during the last quarter. Finally, Equity Investment Corp boosted its position in shares of National Fuel Gas by 30.8% during the third quarter. Equity Investment Corp now owns 1,325,019 shares of the oil and gas producer’s stock worth $100,516,000 after acquiring an additional 312,062 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.
National Fuel Gas Stock Performance
NYSE NFG opened at $74.75 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.54 and a quick ratio of 1.47. National Fuel Gas Company has a 1-year low of $73.01 and a 1-year high of $97.06. The business has a 50 day simple moving average of $79.35 and a two-hundred day simple moving average of $83.17. The stock has a market capitalization of $7.10 billion, a PE ratio of 10.62, a P/E/G ratio of 1.99 and a beta of 0.36.
National Fuel Gas (NYSE:NFG – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $467.85 million for the quarter, compared to analysts’ expectations of $472.38 million. National Fuel Gas had a return on equity of 17.95% and a net margin of 26.46%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. On average, research analysts predict that National Fuel Gas Company will post 6.20 EPS for the current fiscal year.
National Fuel Gas Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.5550 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.22 annualized dividend and a yield of 3.0%. National Fuel Gas’s dividend payout ratio (DPR) is 31.53%.
Wall Street Analyst Weigh In
NFG has been the topic of a number of research reports. Wall Street Zen upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of National Fuel Gas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, KeyCorp reissued an “overweight” rating on shares of National Fuel Gas in a report on Monday, August 31st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.50.
Check Out Our Latest Stock Report on National Fuel Gas
About National Fuel Gas
National Fuel Gas Company is a diversified natural gas business founded in 1902 and headquartered in Williamsville, New York. Its operations span natural gas production, gathering and transportation, storage, and local distribution. Through Seneca Resources, the company explores for and produces natural gas, primarily in the Appalachian region. Its pipeline and storage businesses gather, transport, and store natural gas, connecting production areas with markets and other pipeline systems. National Fuel Gas also distributes natural gas to homes and businesses in western New York and northwestern Pennsylvania.
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