GSA Capital Partners LLP decreased its position in National Fuel Gas Co. (NYSE:NFG) by 46.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,230 shares of the company’s stock after selling 5,338 shares during the period. GSA Capital Partners LLP’s holdings in National Fuel Gas were worth $353,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Woodmont Investment Counsel LLC acquired a new stake in shares of National Fuel Gas during the third quarter valued at $107,000. Rafferty Asset Management LLC acquired a new stake in shares of National Fuel Gas during the fourth quarter valued at $207,000. First Allied Advisory Services Inc. acquired a new stake in shares of National Fuel Gas during the fourth quarter valued at $218,000. Riverhead Capital Management LLC boosted its stake in shares of National Fuel Gas by 35.0% in the third quarter. Riverhead Capital Management LLC now owns 4,100 shares of the company’s stock valued at $222,000 after buying an additional 1,064 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of National Fuel Gas during the third quarter valued at $238,000. 64.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of National Fuel Gas Co. (NYSE:NFG) opened at 59.81 on Monday. The company’s market cap is $5.10 billion. National Fuel Gas Co. has a 52 week low of $47.49 and a 52 week high of $61.25. The company has a 50 day moving average of $59.92 and a 200 day moving average of $56.58.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, February 2nd. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.17. National Fuel Gas had a negative net margin of 0.86% and a positive return on equity of 18.34%. The business had revenue of $422.50 million for the quarter, compared to analysts’ expectations of $441.48 million. During the same period in the prior year, the company posted $0.78 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts expect that National Fuel Gas Co. will post $3.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, March 29th. National Fuel Gas’s dividend payout ratio is presently -1,012.50%.
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Several brokerages recently weighed in on NFG. Scotiabank set a $62.00 price objective on shares of National Fuel Gas and gave the stock a “hold” rating in a research note on Saturday. Zacks Investment Research cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. National Fuel Gas has a consensus rating of “Hold” and a consensus price target of $63.75.
In other National Fuel Gas news, Director Philip C. Ackerman sold 10,000 shares of the stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $60.65, for a total value of $606,500.00. Following the sale, the director now directly owns 239,712 shares in the company, valued at approximately $14,538,532.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip C. Ackerman sold 81,370 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $60.17, for a total transaction of $4,896,032.90. Following the completion of the sale, the director now owns 395,504 shares in the company, valued at $23,797,475.68. The disclosure for this sale can be found here. Insiders sold a total of 219,198 shares of company stock worth $13,254,023 over the last quarter. Corporate insiders own 2.57% of the company’s stock.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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