Armbruster Capital Management Inc. held its stake in shares of National Fuel Gas Co. (NYSE:NFG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,900 shares of the company’s stock at the end of the second quarter. Armbruster Capital Management Inc.’s holdings in National Fuel Gas were worth $108,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. BlackRock Group LTD boosted its stake in shares of National Fuel Gas by 13.5% in the first quarter. BlackRock Group LTD now owns 69,744 shares of the company’s stock valued at $3,491,000 after buying an additional 8,292 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in shares of National Fuel Gas during the second quarter valued at approximately $244,000. Nordea Investment Management AB acquired a new stake in shares of National Fuel Gas during the second quarter valued at approximately $528,000. Barclays PLC raised its stake in shares of National Fuel Gas by 3,041.7% in the first quarter. Barclays PLC now owns 81,874 shares of the company’s stock valued at $4,094,000 after buying an additional 79,268 shares during the last quarter. Finally, MSI Financial Services Inc raised its stake in shares of National Fuel Gas by 49.6% in the second quarter. MSI Financial Services Inc now owns 9,054 shares of the company’s stock valued at $515,000 after buying an additional 3,000 shares during the last quarter. 62.41% of the stock is owned by institutional investors.
Shares of National Fuel Gas Co. (NYSE:NFG) traded down 1.70% on Monday, reaching $53.11. The company’s stock had a trading volume of 406,747 shares. National Fuel Gas Co. has a 12-month low of $37.03 and a 12-month high of $59.62. The company’s 50 day moving average price is $55.59 and its 200 day moving average price is $55.02. The company’s market cap is $4.51 billion.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Friday, August 5th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm had revenue of $335.60 million for the quarter, compared to the consensus estimate of $384.26 million. National Fuel Gas had a positive return on equity of 13.87% and a negative net margin of 35.33%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. Analysts forecast that National Fuel Gas Co. will post $2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were issued a $0.405 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.62 annualized dividend and a dividend yield of 3.05%. National Fuel Gas’s dividend payout ratio is currently -26.60%.
Several brokerages recently commented on NFG. Argus restated a “hold” rating on shares of National Fuel Gas in a research report on Thursday. Jefferies Group upgraded National Fuel Gas from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $67.00 in a research report on Thursday. Barclays PLC upped their target price on National Fuel Gas from $47.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. Finally, Zacks Investment Research lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. National Fuel Gas has a consensus rating of “Hold” and a consensus target price of $61.83.
In other news, Director David F. Smith sold 48,983 shares of National Fuel Gas stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $56.64, for a total value of $2,774,397.12. Following the transaction, the director now owns 214,507 shares in the company, valued at $12,149,676.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO John R. Pustulka sold 12,000 shares of National Fuel Gas stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $58.58, for a total value of $702,960.00. Following the completion of the transaction, the chief operating officer now owns 65,077 shares in the company, valued at approximately $3,812,210.66. The disclosure for this sale can be found here. 3.25% of the stock is owned by insiders.
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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