National Fuel Gas (NYSE:NFG) Shares Acquired by Summit Global Investments

Summit Global Investments lifted its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 76.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,096 shares of the oil and gas producer's stock after acquiring an additional 20,382 shares during the period. Summit Global Investments owned approximately 0.05% of National Fuel Gas worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in NFG. Equity Investment Corp increased its position in National Fuel Gas by 27.7% in the first quarter. Equity Investment Corp now owns 1,242,186 shares of the oil and gas producer's stock worth $66,730,000 after buying an additional 269,441 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of National Fuel Gas by 478.8% during the 1st quarter. BNP Paribas Financial Markets now owns 86,567 shares of the oil and gas producer's stock worth $4,650,000 after acquiring an additional 71,612 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of National Fuel Gas by 12.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 130,375 shares of the oil and gas producer's stock worth $7,004,000 after purchasing an additional 14,604 shares in the last quarter. Vanguard Group Inc. lifted its position in National Fuel Gas by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer's stock worth $715,178,000 after buying an additional 104,587 shares during the last quarter. Finally, Sei Investments Co. raised its position in National Fuel Gas by 20.2% in the 1st quarter. Sei Investments Co. now owns 190,996 shares of the oil and gas producer's stock worth $10,260,000 after purchasing an additional 32,121 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Michael W. Reville sold 1,700 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total transaction of $103,309.00. Following the completion of the sale, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.55% of the stock is owned by company insiders.

National Fuel Gas Trading Up 1.2 %

NFG traded up $0.73 during trading on Friday, reaching $59.62. The company had a trading volume of 348,364 shares, compared to its average volume of 522,339. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $63.54. The stock has a market cap of $5.45 billion, a P/E ratio of 17.08 and a beta of 0.62. The business has a 50 day simple moving average of $60.60 and a 200-day simple moving average of $57.87.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.06). The firm had revenue of $372.07 million during the quarter, compared to analysts' expectations of $482.49 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. On average, equities analysts anticipate that National Fuel Gas will post 5.08 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Monday, September 30th. National Fuel Gas's dividend payout ratio (DPR) is presently 59.71%.

Analysts Set New Price Targets

Several research firms recently issued reports on NFG. Bank of America began coverage on National Fuel Gas in a research report on Monday, October 28th. They set an "underperform" rating and a $62.00 price target on the stock. StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Scotiabank boosted their price objective on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a "sector outperform" rating in a research report 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 for the company in a report on Thursday, September 12th.

National Fuel Gas 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.