ProShare Advisors LLC lifted its position in shares of National Fuel Gas Company (NYSE:NFG) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,128 shares of the oil and gas producer’s stock after buying an additional 13,921 shares during the quarter. ProShare Advisors LLC owned approximately 0.21% of National Fuel Gas worth $10,003,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its position in National Fuel Gas by 0.7% during the 1st quarter. SRS Capital Advisors Inc. now owns 4,831 shares of the oil and gas producer’s stock worth $288,000 after purchasing an additional 33 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in National Fuel Gas by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock valued at $103,000 after buying an additional 34 shares during the period. World Asset Management Inc grew its holdings in National Fuel Gas by 1.0% in the 1st quarter. World Asset Management Inc now owns 5,642 shares of the oil and gas producer’s stock valued at $336,000 after buying an additional 56 shares during the period. Baird Financial Group Inc. grew its holdings in National Fuel Gas by 0.6% in the 1st quarter. Baird Financial Group Inc. now owns 21,587 shares of the oil and gas producer’s stock valued at $1,287,000 after buying an additional 135 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in National Fuel Gas by 1.4% in the 1st quarter. Advisors Asset Management Inc. now owns 10,324 shares of the oil and gas producer’s stock valued at $616,000 after buying an additional 146 shares during the period. 71.78% of the stock is owned by institutional investors and hedge funds.
National Fuel Gas Company (NYSE NFG) traded down 0.45% on Monday, hitting $59.23. The stock had a trading volume of 7,712 shares. National Fuel Gas Company has a 1-year low of $50.61 and a 1-year high of $61.25. The firm has a market cap of $5.06 billion, a P/E ratio of 18.45 and a beta of 0.98. The firm’s 50-day moving average price is $58.44 and its 200-day moving average price is $57.64.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The firm had revenue of $348.37 million during the quarter, compared to analysts’ expectations of $373.86 million. During the same period last year, the firm posted $0.68 EPS. On average, equities research analysts predict that National Fuel Gas Company will post $3.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.415 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.66 dividend on an annualized basis and a yield of 2.79%. National Fuel Gas’s dividend payout ratio is 51.71%.
Several research firms have commented on NFG. Jefferies Group LLC restated a “hold” rating and issued a $52.00 price target on shares of National Fuel Gas in a report on Friday, July 14th. Scotiabank set a $58.00 target price on National Fuel Gas and gave the stock a “hold” rating in a report on Saturday, July 1st. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. ValuEngine cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Six equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $59.67.
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About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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