National Fuel Gas Co. (NYSE:NFG) announced a quarterly dividend on Friday, September 16th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.405 per share on Friday, October 14th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.94%.
Shares of National Fuel Gas (NYSE:NFG) opened at 55.17 on Monday. The company’s market cap is $4.69 billion. The firm has a 50-day moving average of $56.99 and a 200 day moving average of $54.25. National Fuel Gas has a one year low of $37.03 and a one year high of $59.62.
National Fuel Gas (NYSE:NFG) last released its earnings results on Friday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. National Fuel Gas had a negative net margin of 35.33% and a positive return on equity of 13.87%. The business earned $335.60 million during the quarter, compared to analysts’ expectations of $384.26 million. During the same period last year, the business earned $0.55 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Equities research analysts anticipate that National Fuel Gas will post $2.96 EPS for the current year.
In other National Fuel Gas news, SVP Paula M. Ciprich sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $56.05, for a total transaction of $840,750.00. Following the completion of the sale, the senior vice president now owns 83,181 shares of the company’s stock, valued at approximately $4,662,295.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David F. Smith sold 48,983 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $56.64, for a total value of $2,774,397.12. Following the sale, the director now directly owns 214,507 shares of the company’s stock, valued at approximately $12,149,676.48. The disclosure for this sale can be found here. Company insiders own 3.25% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Martingale Asset Management L P increased its stake in National Fuel Gas by 80.9% in the second quarter. Martingale Asset Management L P now owns 11,421 shares of the company’s stock worth $650,000 after buying an additional 5,108 shares in the last quarter. Cipher Capital LP purchased a new stake in National Fuel Gas during the second quarter worth $2,702,000. BlueMountain Capital Management LLC purchased a new stake in National Fuel Gas during the second quarter worth $677,000. OMERS ADMINISTRATION Corp purchased a new stake in National Fuel Gas during the second quarter worth $592,000. Finally, Janney Montgomery Scott LLC increased its stake in National Fuel Gas by 137.7% in the second quarter. Janney Montgomery Scott LLC now owns 9,682 shares of the company’s stock worth $550,000 after buying an additional 5,608 shares in the last quarter. 62.47% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on NFG shares. Zacks Investment Research cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Jefferies Group upped their target price on shares of National Fuel Gas from $59.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, July 25th. Argus reiterated a “hold” rating on shares of National Fuel Gas in a research note on Thursday, June 9th. Finally, Barclays PLC upped their target price on shares of National Fuel Gas from $47.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Eight investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $60.67.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.
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