National Fuel Gas Co. (NYSE:NFG) Director Philip C. Ackerman sold 105,929 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $55.09, for a total transaction of $5,835,628.61. Following the completion of the transaction, the director now directly owns 477,765 shares of the company’s stock, valued at approximately $26,320,073.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of National Fuel Gas Co. (NYSE:NFG) opened at 54.07 on Friday. National Fuel Gas Co. has a 12-month low of $37.03 and a 12-month high of $59.62. The firm’s 50-day moving average is $56.77 and its 200-day moving average is $54.85. The firm’s market cap is $4.60 billion.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Friday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. National Fuel Gas had a positive return on equity of 13.87% and a negative net margin of 35.33%. The business earned $335.60 million during the quarter, compared to analyst estimates of $384.26 million. During the same quarter last year, the company posted $0.55 EPS. National Fuel Gas’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts expect that National Fuel Gas Co. will post $2.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.405 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.00%. National Fuel Gas’s dividend payout ratio (DPR) is -26.60%.
Several research firms have recently commented on NFG. Barclays PLC raised their price objective 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. Zacks Investment Research lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Jefferies Group raised their price objective 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. Finally, Argus reissued a “hold” rating on shares of National Fuel Gas in a research note on Thursday, June 9th. Eight equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $60.67.
Several institutional investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. acquired a new stake in shares of National Fuel Gas during the first quarter valued at about $130,000. Glenmede Trust Co. NA increased its stake in shares of National Fuel Gas by 4.5% in the second quarter. Glenmede Trust Co. NA now owns 2,788 shares of the company’s stock valued at $157,000 after buying an additional 120 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in shares of National Fuel Gas during the second quarter valued at about $205,000. Peapack Gladstone Financial Corp acquired a new stake in shares of National Fuel Gas during the second quarter valued at about $213,000. Finally, Oakbrook Investments LLC acquired a new stake in shares of National Fuel Gas during the second quarter valued at about $244,000. Institutional investors and hedge funds own 62.45% of the company’s stock.
National Fuel Gas Company Profile
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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