The Manufacturers Life Insurance Company lifted its holdings in National Fuel Gas Company (NYSE:NFG) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,567 shares of the oil and gas producer’s stock after purchasing an additional 2,221 shares during the period. The Manufacturers Life Insurance Company owned about 0.15% of National Fuel Gas worth $7,011,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 34 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of National Fuel Gas by 18.3% during the 2nd 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 purchased a new stake in shares of National Fuel Gas during the 2nd quarter valued at approximately $168,000. Sheaff Brock Investment Advisors LLC raised its position in shares of National Fuel Gas by 5.7% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 3,700 shares of the oil and gas producer’s stock valued at $207,000 after buying an additional 200 shares during the period. Finally, Cadence Capital Management LLC purchased a new stake in National Fuel Gas in the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.
National Fuel Gas Company (NFG) traded down $0.34 during midday trading on Friday, reaching $56.96. 441,400 shares of the company traded hands, compared to its average volume of 474,871. The stock has a market capitalization of $4,899.58, a PE ratio of 17.36, a P/E/G ratio of 9.70 and a beta of 0.95. National Fuel Gas Company has a 52-week low of $50.80 and a 52-week high of $61.25. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 1.22.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The business had revenue of $286.94 million for the quarter, compared to analyst estimates of $325.81 million. National Fuel Gas had a net margin of 17.94% and a return on equity of 17.16%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. equities research analysts predict that National Fuel Gas Company will post 2.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Thursday, September 28th. National Fuel Gas’s dividend payout ratio is presently 50.30%.
NFG has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 target price on shares of National Fuel Gas in a research report on Friday, July 14th. BidaskClub lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Scotiabank set a $60.00 price objective on National Fuel Gas and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Sidoti started coverage on National Fuel Gas in a research report on Thursday, October 12th. They set a “neutral” rating and a $65.00 price objective on the stock. Finally, TheStreet downgraded shares of National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $59.67.
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National Fuel Gas Profile
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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