Vanguard Group Inc. boosted its stake in National Fuel Gas Co. (NYSE:NFG) by 4.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,234,744 shares of the company’s stock after buying an additional 274,488 shares during the period. Vanguard Group Inc. owned about 7.34% of National Fuel Gas worth $354,632,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in National Fuel Gas by 25.0% in the first quarter. JPMorgan Chase & Co. now owns 3,535,229 shares of the company’s stock worth $176,938,000 after buying an additional 706,467 shares during the period. State Street Corp raised its position in National Fuel Gas by 11.7% in the first quarter. State Street Corp now owns 6,439,757 shares of the company’s stock worth $322,305,000 after buying an additional 673,010 shares during the period. Barclays PLC raised its position in National Fuel Gas by 3,041.7% in the first quarter. Barclays PLC now owns 81,874 shares of the company’s stock worth $4,094,000 after buying an additional 79,268 shares during the period. Emerald Acquisition Ltd. acquired a new position in National Fuel Gas during the second quarter worth $3,474,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in National Fuel Gas by 78.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 135,032 shares of the company’s stock worth $7,681,000 after buying an additional 59,570 shares during the period. Institutional investors own 62.45% of the company’s stock.
National Fuel Gas Co. (NYSE:NFG) traded up 0.46% on Friday, hitting $54.25. 10,570 shares of the stock traded hands. The stock has a 50-day moving average of $56.41 and a 200-day moving average of $54.94. The firm’s market cap is $4.61 billion. National Fuel Gas Co. has a 12-month low of $37.03 and a 12-month high of $59.62.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm had revenue of $335.60 million for the quarter, compared to analyst estimates of $384.26 million. National Fuel Gas had a negative net margin of 35.33% and a positive return on equity of 13.87%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. Analysts forecast that National Fuel Gas Co. will post $2.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, September 28th. National Fuel Gas’s dividend payout ratio (DPR) is presently -26.60%.
NFG has been the topic of a number of research reports. Argus reissued a “hold” rating on shares of National Fuel Gas in a research note on Thursday, June 9th. Zacks Investment Research raised shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Tuesday, July 5th. Jefferies Group raised their target price on shares of National Fuel Gas from $59.00 to $60.00 and gave the stock a “hold” rating in a research note on Monday, July 25th. Finally, Barclays PLC lifted their price target on shares of 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. Eight research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $60.67.
In other news, Director David F. Smith sold 48,983 shares of the company’s stock in a transaction dated 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 owns 214,507 shares of the company’s stock, valued at approximately $12,149,676.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO John R. Pustulka sold 12,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $58.58, for a total transaction of $702,960.00. Following the completion of the sale, the chief operating officer now directly 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 currently owned by company 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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