National Fuel Gas Co. (NYSE:NFG) Director Philip C. Ackerman sold 127,828 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $60.64, for a total value of $7,751,489.92. Following the transaction, the director now owns 278,464 shares of the company’s stock, valued at $16,886,056.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
National Fuel Gas Co. (NYSE:NFG) traded down 0.27% during trading on Monday, hitting $60.21. The stock had a trading volume of 112,730 shares. The company has a 50-day moving average of $59.27 and a 200 day moving average of $56.46. National Fuel Gas Co. has a 52-week low of $47.49 and a 52-week high of $61.25. The firm’s market cap is $5.14 billion.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.17. The firm had revenue of $422.50 million for the quarter, compared to the consensus estimate of $441.48 million. National Fuel Gas had a positive return on equity of 18.34% and a negative net margin of 0.86%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, equities research analysts predict that National Fuel Gas Co. will post $3.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.405 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $1.62 dividend on an annualized basis and a yield of 2.68%. National Fuel Gas’s dividend payout ratio is currently -1,012.50%.
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Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of National Fuel Gas by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,958,110 shares of the company’s stock worth $214,015,000 after buying an additional 181,812 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of National Fuel Gas by 3.9% in the third quarter. BlackRock Fund Advisors now owns 3,190,211 shares of the company’s stock worth $172,495,000 after buying an additional 119,343 shares in the last quarter. Aristotle Capital Management LLC boosted its position in shares of National Fuel Gas by 5.6% in the fourth quarter. Aristotle Capital Management LLC now owns 3,054,075 shares of the company’s stock worth $172,983,000 after buying an additional 160,906 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of National Fuel Gas by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,463,980 shares of the company’s stock worth $133,227,000 after buying an additional 22,091 shares in the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of National Fuel Gas by 10.1% in the third quarter. River Road Asset Management LLC now owns 1,376,934 shares of the company’s stock worth $74,451,000 after buying an additional 126,611 shares in the last quarter. 64.97% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the company. Zacks Investment Research cut National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Scotiabank reiterated a “hold” rating and issued a $60.00 price objective on shares of National Fuel Gas in a report on Monday, February 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. National Fuel Gas presently has a consensus rating of “Hold” and an average price target of $63.25.
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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