Raymond James & Associates lowered its stake in shares of National Fuel Gas Co. (NYSE:NFG) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 803,578 shares of the oil and gas producer’s stock after selling 1,203 shares during the quarter. Raymond James & Associates’ holdings in National Fuel Gas were worth $44,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. MHI Funds LLC purchased a new position in shares of National Fuel Gas during the fourth quarter valued at about $113,000. Brown Advisory Inc. purchased a new position in shares of National Fuel Gas during the third quarter valued at about $208,000. Quadrature Capital Ltd purchased a new position in shares of National Fuel Gas during the fourth quarter valued at about $210,000. Taylor Hoffman Wealth Management purchased a new position in shares of National Fuel Gas during the fourth quarter valued at about $221,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of National Fuel Gas by 40.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,033 shares of the oil and gas producer’s stock valued at $221,000 after buying an additional 1,155 shares during the period. Institutional investors own 71.61% of the company’s stock.
Shares of National Fuel Gas Co. (NFG) opened at $50.36 on Wednesday. National Fuel Gas Co. has a 52 week low of $48.31 and a 52 week high of $61.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.27 and a current ratio of 1.43. The company has a market cap of $4,284.08, a PE ratio of 11.04, a P/E/G ratio of 4.86 and a beta of 0.96.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $1.02 EPS for the quarter, topping the consensus estimate of $0.81 by $0.21. National Fuel Gas had a net margin of 24.93% and a return on equity of 16.36%. The business had revenue of $419.66 million for the quarter, compared to analyst estimates of $453.61 million. During the same quarter in the previous year, the firm posted $1.04 earnings per share. National Fuel Gas’s quarterly revenue was down .7% on a year-over-year basis. analysts expect that National Fuel Gas Co. will post 3.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, March 28th. National Fuel Gas’s payout ratio is currently 36.40%.
Several equities analysts recently issued reports on the stock. Citigroup reiterated a “neutral” rating and set a $54.00 price target on shares of National Fuel Gas in a research report on Wednesday, March 7th. Zacks Investment Research upgraded shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Thursday, February 8th. TheStreet raised shares of National Fuel Gas from a “c” rating to a “b-” rating in a research note on Friday, February 2nd. Jefferies Group raised shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Sidoti raised shares of National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $59.60.
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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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