Retirement Systems of Alabama boosted its holdings in shares of National Fuel Gas Co. (NYSE:NFG) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 276,557 shares of the oil and gas producer’s stock after acquiring an additional 381 shares during the quarter. Retirement Systems of Alabama’s holdings in National Fuel Gas were worth $14,154,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of NFG. Vanguard Group Inc. increased its holdings in National Fuel Gas by 7.7% during the third quarter. Vanguard Group Inc. now owns 8,478,951 shares of the oil and gas producer’s stock valued at $475,330,000 after buying an additional 607,091 shares during the period. Vanguard Group Inc increased its holdings in National Fuel Gas by 7.7% during the third quarter. Vanguard Group Inc now owns 8,478,951 shares of the oil and gas producer’s stock valued at $475,330,000 after buying an additional 607,091 shares during the period. Copper Rock Capital Partners LLC purchased a new position in National Fuel Gas during the third quarter valued at approximately $23,971,000. Victory Capital Management Inc. purchased a new position in National Fuel Gas during the third quarter valued at approximately $19,197,000. Finally, Bank of America Corp DE increased its holdings in National Fuel Gas by 76.9% during the second quarter. Bank of America Corp DE now owns 666,903 shares of the oil and gas producer’s stock valued at $35,319,000 after buying an additional 289,998 shares during the period. 71.85% of the stock is currently owned by institutional investors.
NYSE NFG opened at $54.43 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.07 and a current ratio of 1.24. National Fuel Gas Co. has a 12-month low of $48.31 and a 12-month high of $59.15. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 16.30, a PEG ratio of -5.40 and a beta of 0.71.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.05). National Fuel Gas had a return on equity of 15.11% and a net margin of 24.58%. The firm had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $316.56 million. During the same period in the prior year, the firm posted $0.53 earnings per share. National Fuel Gas’s revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts anticipate that National Fuel Gas Co. will post 3.42 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, December 28th. National Fuel Gas’s dividend payout ratio is currently 50.90%.
Several equities analysts recently issued reports on the stock. TheStreet lowered shares of National Fuel Gas from a “b” rating to a “c+” rating in a report on Friday, November 2nd. Zacks Investment Research lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, ValuEngine raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. National Fuel Gas presently has an average rating of “Hold” and a consensus price target of $60.00.
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National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.
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