Citadel Advisors LLC Has $2.95 Million Position in National Fuel Gas Co. (NYSE:NFG)

Citadel Advisors LLC lifted its stake in shares of National Fuel Gas Co. (NYSE:NFG) by 59.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,178 shares of the oil and gas producer’s stock after purchasing an additional 19,528 shares during the period. Citadel Advisors LLC owned 0.06% of National Fuel Gas worth $2,954,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of National Fuel Gas by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after buying an additional 34 shares during the last quarter. Cable Hill Partners LLC bought a new position in National Fuel Gas in the third quarter valued at about $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Fuel Gas by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after buying an additional 445 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of National Fuel Gas in the second quarter valued at about $168,000. Finally, Oakbrook Investments LLC acquired a new stake in shares of National Fuel Gas in the third quarter valued at about $201,000. Institutional investors own 71.58% of the company’s stock.

Shares of National Fuel Gas Co. (NYSE NFG) traded up $0.33 during mid-day trading on Tuesday, reaching $58.29. The company’s stock had a trading volume of 196,100 shares, compared to its average volume of 457,485. National Fuel Gas Co. has a 52-week low of $53.03 and a 52-week high of $61.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.16 and a current ratio of 1.27. The company has a market capitalization of $4,960.34, a price-to-earnings ratio of 17.56, a P/E/G ratio of 9.81 and a beta of 0.94.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. The company had revenue of $286.94 million during the quarter, compared to analyst estimates of $325.81 million. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. National Fuel Gas’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. equities analysts expect that National Fuel Gas Co. will post 2.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, December 28th. National Fuel Gas’s payout ratio is 50.30%.

NFG has been the subject of several recent analyst reports. Zacks Investment Research cut National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a $54.00 target price (up from $52.00) on shares of National Fuel Gas in a research report on Friday, September 1st. TheStreet cut National Fuel Gas from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Scotiabank reiterated a “hold” rating and issued a $60.00 price target on shares of National Fuel Gas in a research report on Friday, November 3rd. Finally, Sidoti began coverage on National Fuel Gas in a research report on Thursday, October 12th. They issued a “neutral” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.00.

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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.

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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