Private Capital Management LLC lessened its stake in shares of National Fuel Gas (NYSE:NFG - Free Report) by 15.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,500 shares of the oil and gas producer's stock after selling 3,500 shares during the quarter. Private Capital Management LLC's holdings in National Fuel Gas were worth $1,182,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in NFG. Kentucky Trust Co bought a new stake in National Fuel Gas in the 4th quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of National Fuel Gas during the third quarter valued at about $28,000. UMB Bank n.a. boosted its holdings in shares of National Fuel Gas by 82.9% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock worth $29,000 after purchasing an additional 218 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of National Fuel Gas in the third quarter worth about $35,000. Finally, S.A. Mason LLC bought a new stake in shares of National Fuel Gas in the fourth quarter worth about $38,000. Institutional investors own 73.96% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on NFG shares. Argus upgraded National Fuel Gas to a "strong-buy" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. cut their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. Finally, StockNews.com raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $69.00.
Get Our Latest Research Report on NFG
Insiders Place Their Bets
In other news, insider Donna L. Decarolis sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $62.58, for a total value of $625,800.00. Following the sale, the insider now directly owns 81,519 shares of the company's stock, valued at $5,101,459.02. The trade was a 10.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.41% of the company's stock.
National Fuel Gas Stock Down 0.8 %
Shares of NFG stock traded down $0.58 during midday trading on Tuesday, reaching $74.76. 791,729 shares of the stock were exchanged, compared to its average volume of 503,312. National Fuel Gas has a 1 year low of $48.68 and a 1 year high of $76.98. The firm has a market cap of $6.77 billion, a PE ratio of -533.98 and a beta of 0.64. The company's 50 day moving average is $68.18 and its two-hundred day moving average is $63.40. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80.
National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.46 EPS. On average, equities research analysts predict that National Fuel Gas will post 6.64 EPS for the current year.
National Fuel Gas Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.76%. The ex-dividend date was Tuesday, December 31st. National Fuel Gas's payout ratio is currently -1,471.43%.
National Fuel Gas Company Profile
(
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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