Gamco Investors INC. ET AL trimmed its holdings in shares of National Fuel Gas Co. (NYSE:NFG) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,883,466 shares of the oil and gas producer’s stock after selling 180,196 shares during the period. National Fuel Gas comprises 1.0% of Gamco Investors INC. ET AL’s holdings, making the stock its 17th largest position. Gamco Investors INC. ET AL owned approximately 3.36% of National Fuel Gas worth $158,331,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of NFG. Alliancebernstein L.P. lifted its position in National Fuel Gas by 1.8% during the second quarter. Alliancebernstein L.P. now owns 50,732 shares of the oil and gas producer’s stock worth $2,833,000 after acquiring an additional 875 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of National Fuel Gas by 7.3% during the second quarter. Thrivent Financial For Lutherans now owns 17,640 shares of the oil and gas producer’s stock worth $985,000 after purchasing an additional 1,200 shares during the period. New York State Common Retirement Fund increased its holdings in shares of National Fuel Gas by 4.2% during the second quarter. New York State Common Retirement Fund now owns 167,600 shares of the oil and gas producer’s stock worth $9,359,000 after purchasing an additional 6,799 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of National Fuel Gas by 19.8% during the second quarter. UBS Asset Management Americas Inc. now owns 60,440 shares of the oil and gas producer’s stock worth $3,375,000 after purchasing an additional 9,975 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of National Fuel Gas by 1.6% during the second quarter. Northern Trust Corp now owns 694,836 shares of the oil and gas producer’s stock worth $38,800,000 after purchasing an additional 11,119 shares during the period. Institutional investors own 71.78% of the company’s stock.
A number of research analysts recently issued reports on the stock. Sidoti raised shares of National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, January 2nd. Zacks Investment Research lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. TheStreet lowered shares of National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Scotiabank reiterated a “hold” rating and set a $60.00 price target on shares of National Fuel Gas in a report on Friday, November 3rd. Finally, Jefferies Group restated a “hold” rating and issued a $58.00 target price on shares of National Fuel Gas in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $61.00.
National Fuel Gas Co. (NYSE NFG) traded up $0.34 during trading hours on Friday, hitting $49.92. 575,562 shares of the stock traded hands, compared to its average volume of 515,648. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $4,283.24, a P/E ratio of 15.22, a PEG ratio of 4.86 and a beta of 0.88. National Fuel Gas Co. has a one year low of $48.31 and a one year high of $61.25.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.21. National Fuel Gas had a net margin of 24.93% and a return on equity of 16.36%. The business had revenue of $419.66 million during the quarter, compared to the consensus estimate of $453.61 million. During the same period in the prior year, the firm posted $1.04 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. equities research analysts predict that National Fuel Gas Co. will post 3.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, December 28th. National Fuel Gas’s payout ratio is 36.40%.
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National Fuel Gas Company Profile
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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