National Fuel Gas Co. (NYSE:NFG) Director Philip C. Ackerman sold 27,838 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $55.76, for a total value of $1,552,246.88. Following the completion of the transaction, the director now directly owns 583,694 shares in the company, valued at approximately $32,546,777.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of National Fuel Gas Co. (NYSE:NFG) opened at 55.23 on Thursday. National Fuel Gas Co. has a 1-year low of $37.03 and a 1-year high of $59.62. The company’s market capitalization is $4.69 billion. The company has a 50 day moving average price of $56.91 and a 200 day moving average price of $54.81.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Friday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $335.60 million for the quarter, compared to the consensus estimate of $384.26 million. During the same period last year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts predict that National Fuel Gas Co. will post $2.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.93%. National Fuel Gas’s dividend payout ratio is presently -26.60%.
Several institutional investors have recently added to or reduced their stakes in NFG. BlackRock Fund Advisors increased its position in National Fuel Gas by 0.8% in the first quarter. BlackRock Fund Advisors now owns 3,020,652 shares of the company’s stock worth $151,184,000 after buying an additional 24,303 shares in the last quarter. BlackRock Group LTD boosted its stake in National Fuel Gas by 13.5% in the first quarter. BlackRock Group LTD now owns 69,744 shares of the company’s stock worth $3,491,000 after buying an additional 8,292 shares during the last quarter. BlackRock Inc. boosted its stake in National Fuel Gas by 34.7% in the first quarter. BlackRock Inc. now owns 145,763 shares of the company’s stock worth $7,296,000 after buying an additional 37,517 shares during the last quarter. Aston Asset Management LLC boosted its stake in National Fuel Gas by 4.3% in the first quarter. Aston Asset Management LLC now owns 31,381 shares of the company’s stock worth $1,583,000 after buying an additional 1,308 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in National Fuel Gas by 8.7% in the first quarter. Prudential Financial Inc. now owns 417,660 shares of the company’s stock worth $20,904,000 after buying an additional 33,570 shares during the last quarter. Hedge funds and other institutional investors own 62.45% of the company’s stock.
A number of research firms recently commented on NFG. Barclays PLC increased their target price on 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. Argus reaffirmed a “hold” rating on shares of National Fuel Gas in a research note on Thursday, June 9th. Zacks Investment Research cut National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Finally, Jefferies Group raised their price objective on National Fuel Gas from $59.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, July 25th. Eight research analysts have rated the stock with a hold rating, National Fuel Gas has a consensus rating of “Hold” and a consensus price target 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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