Teachers Advisors LLC cut its stake in shares of National Fuel Gas Company (NYSE:NFG) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,808 shares of the oil and gas producer’s stock after selling 2,019 shares during the period. Teachers Advisors LLC owned about 0.27% of National Fuel Gas worth $13,820,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in NFG. JPMorgan Chase & Co. raised its position in National Fuel Gas by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 3,981,504 shares of the oil and gas producer’s stock valued at $237,377,000 after buying an additional 19,337 shares in the last quarter. River Road Asset Management LLC raised its position in National Fuel Gas by 15.7% in the first quarter. River Road Asset Management LLC now owns 1,807,807 shares of the oil and gas producer’s stock valued at $107,781,000 after buying an additional 245,705 shares in the last quarter. Bank of New York Mellon Corp raised its position in National Fuel Gas by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 1,180,010 shares of the oil and gas producer’s stock valued at $70,351,000 after buying an additional 105,361 shares in the last quarter. American Century Companies Inc. raised its position in National Fuel Gas by 487.6% in the first quarter. American Century Companies Inc. now owns 1,000,873 shares of the oil and gas producer’s stock valued at $59,672,000 after buying an additional 830,547 shares in the last quarter. Finally, Norges Bank purchased a new position in National Fuel Gas during the fourth quarter valued at $34,198,000. 68.93% of the stock is currently owned by institutional investors and hedge funds.
Shares of National Fuel Gas Company (NYSE:NFG) opened at 57.70 on Thursday. The stock has a 50 day moving average price of $56.58 and a 200-day moving average price of $57.46. National Fuel Gas Company has a one year low of $50.61 and a one year high of $61.25. The company has a market capitalization of $4.93 billion, a P/E ratio of 22.09 and a beta of 0.97.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas producer reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by $0.01. The firm had revenue of $522.10 million during the quarter, compared to analyst estimates of $514.43 million. National Fuel Gas had a net margin of 14.24% and a return on equity of 18.67%. The company’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Equities research analysts predict that National Fuel Gas Company will post $3.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.415 dividend. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, June 28th. This represents a $1.66 annualized dividend and a yield of 2.88%. National Fuel Gas’s dividend payout ratio is 63.36%.
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Several equities analysts have recently weighed in on NFG shares. Jefferies Group LLC raised National Fuel Gas from an “underperform” rating to a “hold” rating and set a $52.00 price objective on the stock in a research note on Wednesday, April 19th. BidaskClub raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Scotiabank set a $58.00 target price on National Fuel Gas and gave the company a “hold” rating in a report on Saturday, July 1st. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. Finally, ValuEngine downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $59.00.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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