National Fuel Gas (NYSE:NFG) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 84.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,739 shares of the oil and gas producer's stock after selling 37,899 shares during the quarter. Hsbc Holdings PLC's holdings in National Fuel Gas were worth $365,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Treasurer of the State of North Carolina increased its stake in National Fuel Gas by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 40,654 shares of the oil and gas producer's stock valued at $2,040,000 after purchasing an additional 415 shares in the last quarter. TFO Wealth Partners LLC increased its stake in National Fuel Gas by 316,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,161 shares of the oil and gas producer's stock valued at $159,000 after purchasing an additional 3,160 shares in the last quarter. KBC Group NV increased its stake in National Fuel Gas by 160.1% in the 4th quarter. KBC Group NV now owns 2,697 shares of the oil and gas producer's stock valued at $135,000 after purchasing an additional 1,660 shares in the last quarter. First Trust Advisors LP increased its stake in National Fuel Gas by 11.1% in the 4th quarter. First Trust Advisors LP now owns 549,839 shares of the oil and gas producer's stock valued at $27,585,000 after purchasing an additional 54,751 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in National Fuel Gas by 37.5% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,500 shares of the oil and gas producer's stock valued at $276,000 after purchasing an additional 1,500 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the completion of the sale, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Scotiabank raised their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. dropped their price objective on National Fuel Gas from $64.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. Finally, StockNews.com downgraded National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Monday, August 5th.

National Fuel Gas Trading Up 0.8 %

Shares of National Fuel Gas stock traded up $0.49 during mid-day trading on Thursday, hitting $60.81. 611,795 shares of the stock were exchanged, compared to its average volume of 535,622. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 12.11 and a beta of 0.62. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $61.56. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $59.39 and a 200 day simple moving average of $56.40.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $540.62 million. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. National Fuel Gas's revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 earnings per share. Research analysts forecast that National Fuel Gas will post 5.04 EPS for the current year.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.515 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.06 annualized dividend and a yield of 3.39%. National Fuel Gas's payout ratio is currently 40.87%.

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.