National Fuel Gas (NYSE:NFG) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in National Fuel Gas (NYSE:NFG - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,006,530 shares of the oil and gas producer's stock after selling 74,731 shares during the period. Vanguard Group Inc. owned 14.36% of National Fuel Gas worth $789,236,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kentucky Trust Co purchased a new position in National Fuel Gas during the 4th quarter valued at about $25,000. UMB Bank n.a. increased its holdings in shares of National Fuel Gas by 82.9% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock valued at $29,000 after acquiring an additional 218 shares during the period. S.A. Mason LLC bought a new position in shares of National Fuel Gas in the 4th quarter worth $38,000. V Square Quantitative Management LLC lifted its stake in shares of National Fuel Gas by 49.5% during the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 239 shares during the last quarter. Finally, IAG Wealth Partners LLC bought a new stake in National Fuel Gas during the fourth quarter valued at about $46,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Stock Down 1.9 %

NYSE NFG traded down $1.51 during trading on Thursday, hitting $78.45. The company's stock had a trading volume of 219,432 shares, compared to its average volume of 660,110. National Fuel Gas has a fifty-two week low of $51.46 and a fifty-two week high of $80.14. The company has a market cap of $7.10 billion, a PE ratio of -560.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33. The business's 50 day simple moving average is $74.16 and its 200-day simple moving average is $66.08.

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

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, March 31st. National Fuel Gas's dividend payout ratio (DPR) is -1,471.43%.

Analyst Ratings Changes

A number of brokerages have commented on NFG. JPMorgan Chase & Co. boosted their target price on shares of National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, March 13th. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $74.67.

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.