Teachers Advisors LLC cut its position in National Fuel Gas Company (NYSE:NFG) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 231,808 shares of the oil and gas producer’s stock after selling 2,019 shares during the period. Teachers Advisors LLC’s holdings in National Fuel Gas were worth $13,820,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of National Fuel Gas during the fourth quarter worth about $1,516,000. Dimensional Fund Advisors LP boosted its position in shares of National Fuel Gas by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 362,575 shares of the oil and gas producer’s stock worth $20,538,000 after buying an additional 10,905 shares during the last quarter. FMR LLC boosted its position in shares of National Fuel Gas by 8.6% in the fourth quarter. FMR LLC now owns 194,111 shares of the oil and gas producer’s stock worth $10,994,000 after buying an additional 15,400 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of National Fuel Gas by 1.5% in the fourth quarter. Guggenheim Capital LLC now owns 29,926 shares of the oil and gas producer’s stock worth $1,694,000 after buying an additional 435 shares during the last quarter. Finally, Norges Bank bought a new position in shares of National Fuel Gas during the fourth quarter worth about $34,198,000. 68.93% of the stock is owned by institutional investors and hedge funds.
Shares of National Fuel Gas Company (NYSE NFG) opened at 57.70 on Thursday. The company’s 50-day moving average price is $56.58 and its 200-day moving average price is $57.46. National Fuel Gas Company has a 52-week low of $50.61 and a 52-week high of $61.25. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 22.09 and a beta of 0.97.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data 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. National Fuel Gas had a net margin of 14.24% and a return on equity of 18.67%. The firm had revenue of $522.10 million for the quarter, compared to analyst estimates of $514.43 million. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Equities research analysts forecast that National Fuel Gas Company will post $3.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.415 per share. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.41. This represents a $1.66 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, June 28th. National Fuel Gas’s payout ratio is currently 63.36%.
NFG has been the subject of a number of recent research reports. Scotiabank set a $62.00 target price on National Fuel Gas and gave the stock a “hold” rating in a report on Saturday, March 25th. Jefferies Group LLC cut National Fuel Gas from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $66.00 to $52.00 in a report on Monday, April 10th. ValuEngine cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a research report on Friday, June 16th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price 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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