Swiss National Bank lifted its holdings in National Fuel Gas Co. (NYSE:NFG) by 3.1% during the first quarter, HoldingsChannel.com reports. The firm owned 141,000 shares of the oil and gas producer’s stock after purchasing an additional 4,200 shares during the period. Swiss National Bank’s holdings in National Fuel Gas were worth $8,595,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of National Fuel Gas by 7.7% in the third quarter. Vanguard Group Inc now owns 8,478,951 shares of the oil and gas producer’s stock worth $475,330,000 after purchasing an additional 607,091 shares during the period. BlackRock Inc. boosted its holdings in National Fuel Gas by 4.9% during the fourth quarter. BlackRock Inc. now owns 7,887,052 shares of the oil and gas producer’s stock valued at $403,661,000 after purchasing an additional 365,622 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in National Fuel Gas by 5,018.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 1,698,894 shares in the last quarter. LSV Asset Management boosted its holdings in National Fuel Gas by 185.3% during the first quarter. LSV Asset Management now owns 1,459,779 shares of the oil and gas producer’s stock valued at $88,988,000 after purchasing an additional 948,120 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in National Fuel Gas by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock valued at $44,823,000 after purchasing an additional 31,628 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.
A number of research firms have weighed in on NFG. Zacks Investment Research raised National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Thursday, May 23rd. US Capital Advisors downgraded National Fuel Gas from an “overweight” rating to a “hold” rating in a report on Monday, March 18th.
NYSE NFG opened at $53.77 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.17. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 5.43 and a beta of 0.89. National Fuel Gas Co. has a 1-year low of $49.60 and a 1-year high of $61.71.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.08). The company had revenue of $552.54 million for the quarter, compared to analyst estimates of $602.15 million. National Fuel Gas had a net margin of 17.57% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 earnings per share. On average, sell-side analysts predict that National Fuel Gas Co. will post 3.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.435 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a dividend yield of 3.24%. National Fuel Gas’s payout ratio is presently 50.90%.
In other news, insider John P. Mcginnis sold 2,357 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $60.14, for a total value of $141,749.98. Following the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $1,202,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.
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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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