Sei Investments Co. Lowers Holdings in National Fuel Gas (NYSE:NFG)

Sei Investments Co. cut its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,529 shares of the oil and gas producer's stock after selling 4,068 shares during the quarter. Sei Investments Co. owned 0.15% of National Fuel Gas worth $8,406,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of National Fuel Gas by 9.2% in the 4th quarter. American Century Companies Inc. now owns 42,719 shares of the oil and gas producer's stock valued at $2,592,000 after purchasing an additional 3,587 shares in the last quarter. Quantbot Technologies LP increased its holdings in National Fuel Gas by 44.2% in the fourth quarter. Quantbot Technologies LP now owns 10,055 shares of the oil and gas producer's stock valued at $610,000 after buying an additional 3,083 shares in the last quarter. Summit Global Investments lifted its position in shares of National Fuel Gas by 16.4% during the 4th quarter. Summit Global Investments now owns 54,836 shares of the oil and gas producer's stock valued at $3,327,000 after acquiring an additional 7,740 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of National Fuel Gas by 169.5% during the 4th quarter. Teacher Retirement System of Texas now owns 46,838 shares of the oil and gas producer's stock worth $2,842,000 after acquiring an additional 29,458 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of National Fuel Gas in the 4th quarter worth approximately $124,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NFG shares. StockNews.com raised National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $74.67.

National Fuel Gas Price Performance

National Fuel Gas stock traded down $1.17 during mid-day trading on Thursday, hitting $78.79. 965,397 shares of the company were exchanged, compared to its average volume of 536,139. National Fuel Gas has a 12-month low of $51.46 and a 12-month high of $80.14. The company has a market capitalization of $7.13 billion, a P/E ratio of -562.77 and a beta of 0.57. The business's 50 day simple moving average is $74.34 and its two-hundred day simple moving average is $66.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.515 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.06 annualized dividend and a yield of 2.61%. National Fuel Gas's payout ratio is currently -1,471.43%.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.