Exchange Traded Concepts LLC grew its stake in shares of National Fuel Gas (NYSE:NFG - Free Report) by 19.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 205,561 shares of the oil and gas producer's stock after buying an additional 33,022 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.22% of National Fuel Gas worth $12,459,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of NFG. Beacon Capital Management LLC bought a new stake in shares of National Fuel Gas in the first quarter worth $27,000. Hexagon Capital Partners LLC acquired a new stake in shares of National Fuel Gas in the first quarter valued at about $28,000. GAMMA Investing LLC raised its position in shares of National Fuel Gas by 38.6% during the third quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer's stock worth $42,000 after acquiring an additional 194 shares during the last quarter. Valley National Advisers Inc. acquired a new position in shares of National Fuel Gas in the second quarter worth approximately $37,000. Finally, LRI Investments LLC acquired a new position in shares of National Fuel Gas in the first quarter worth approximately $46,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have issued reports on NFG. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a report on Friday. Scotiabank lifted their target price on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of National Fuel Gas from $64.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th.
Get Our Latest Research Report on NFG
Insider Activity
In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total transaction of $103,309.00. Following the transaction, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.55% of the company's stock.
National Fuel Gas Trading Up 0.8 %
Shares of NYSE:NFG traded up $0.50 during midday trading on Friday, reaching $60.36. The company's stock had a trading volume of 267,263 shares, compared to its average volume of 531,656. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 17.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77. The firm has a 50 day moving average price of $59.63 and a two-hundred day moving average price of $56.80. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $61.56.
National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $540.62 million. During the same period in the previous year, the business earned $1.01 EPS. The firm's revenue was down 2.6% compared to the same quarter last year. As a group, analysts forecast that National Fuel Gas will post 5.05 earnings per share for the current year.
National Fuel Gas Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.06 dividend on an annualized basis and a yield of 3.41%. National Fuel Gas's dividend payout ratio (DPR) is presently 59.71%.
About National Fuel Gas
(
Free Report)
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.
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