Hartford Financial Management Inc. grew its position in National Fuel Gas Co. (NYSE:NFG) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 20,142 shares of the oil and gas producer’s stock after acquiring an additional 509 shares during the period. Hartford Financial Management Inc.’s holdings in National Fuel Gas were worth $1,062,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in National Fuel Gas by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 476,116 shares of the oil and gas producer’s stock worth $24,367,000 after purchasing an additional 25,135 shares during the last quarter. Geode Capital Management LLC grew its stake 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 acquiring an additional 31,628 shares in the last quarter. State of Alaska Department of Revenue grew its stake in National Fuel Gas by 20.5% during the first quarter. State of Alaska Department of Revenue now owns 10,395 shares of the oil and gas producer’s stock valued at $632,000 after acquiring an additional 1,771 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in National Fuel Gas by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the oil and gas producer’s stock valued at $1,408,000 after acquiring an additional 300 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in National Fuel Gas by 0.3% during the first quarter. Retirement Systems of Alabama now owns 277,414 shares of the oil and gas producer’s stock valued at $16,911,000 after acquiring an additional 857 shares in the last quarter. Institutional investors own 73.61% of the company’s stock.
Several research firms recently weighed in on NFG. TheStreet cut shares of National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 target price for the company in a research note on Thursday, August 8th. Finally, ValuEngine cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th.
NFG opened at $47.32 on Wednesday. The stock has a market capitalization of $4.05 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 4.79 and a beta of 0.80. The company’s fifty day moving average is $50.20. National Fuel Gas Co. has a fifty-two week low of $45.79 and a fifty-two week high of $61.71. The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 1.00.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company had revenue of $357.20 million during the quarter, compared to analysts’ expectations of $400.88 million. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. National Fuel Gas’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. On average, analysts anticipate that National Fuel Gas Co. will post 3.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.435 dividend. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Thursday, June 27th. National Fuel Gas’s dividend payout ratio (DPR) is presently 52.10%.
About National Fuel Gas
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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