ProShare Advisors LLC Has $10 Million Position in National Fuel Gas Company (NFG)

ProShare Advisors LLC increased its stake in shares of National Fuel Gas Company (NYSE:NFG) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 0.21% of National Fuel Gas worth $10,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFG. Russell Investments Group Ltd. lifted its position in shares of National Fuel Gas by 9.6% during the 1st quarter. Russell Investments Group Ltd. now owns 29,078 shares of the oil and gas producer’s stock worth $1,734,000 after buying an additional 2,557 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of National Fuel Gas by 54.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 31,152 shares of the oil and gas producer’s stock worth $1,857,000 after buying an additional 11,042 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of National Fuel Gas by 4.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 49,844 shares of the oil and gas producer’s stock worth $2,970,000 after buying an additional 2,221 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of National Fuel Gas by 1.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 109,703 shares of the oil and gas producer’s stock worth $6,540,000 after buying an additional 1,213 shares during the period. Finally, Advisors Asset Management Inc. raised its position 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 purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

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Several equities analysts have issued reports on NFG shares. Scotiabank set a $60.00 price objective on National Fuel Gas and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $54.00 price objective (up previously from $52.00) on shares of National Fuel Gas in a research report on Friday, September 1st. BidaskClub raised National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. TheStreet raised National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. Finally, ValuEngine cut National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $59.67.

National Fuel Gas Company (NYSE:NFG) traded up 0.87% on Monday, reaching $57.10. The company’s stock had a trading volume of 18,067 shares. The firm’s 50-day moving average price is $58.37 and its 200-day moving average price is $57.57. National Fuel Gas Company has a 52-week low of $50.61 and a 52-week high of $61.25. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 17.78 and a beta of 0.98.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.69. The company had revenue of $348.37 million during the quarter, compared to analysts’ expectations of $373.86 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. During the same period in the prior year, the company earned $0.68 EPS. On average, equities analysts expect that National Fuel Gas Company will post $3.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 28th. National Fuel Gas’s dividend payout ratio is currently 51.71%.

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.

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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