National Fuel Gas Company $NFG Shares Sold by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension cut its stake in National Fuel Gas Company (NYSE:NFG) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,402 shares of the oil and gas producer’s stock after selling 10,625 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in National Fuel Gas were worth $25,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Gotham Asset Management LLC boosted its position in National Fuel Gas by 74.9% during the third quarter. Gotham Asset Management LLC now owns 521,928 shares of the oil and gas producer’s stock worth $48,210,000 after purchasing an additional 223,459 shares in the last quarter. Morse Asset Management Inc raised its stake in shares of National Fuel Gas by 3,320.0% during the 3rd quarter. Morse Asset Management Inc now owns 14,535 shares of the oil and gas producer’s stock worth $1,343,000 after buying an additional 14,110 shares during the period. Phocas Financial Corp. acquired a new position in shares of National Fuel Gas during the 4th quarter worth approximately $7,086,000. Oppenheimer & Co. Inc. lifted its position in shares of National Fuel Gas by 84.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 61,728 shares of the oil and gas producer’s stock valued at $4,942,000 after buying an additional 28,293 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in National Fuel Gas by 8.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 315,753 shares of the oil and gas producer’s stock valued at $25,911,000 after acquiring an additional 24,988 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

NYSE:NFG opened at $79.10 on Monday. National Fuel Gas Company has a 52 week low of $75.17 and a 52 week high of $97.06. The company has a quick ratio of 0.55, a current ratio of 0.62 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $7.52 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.72 and a beta of 0.37. The stock’s fifty day moving average is $78.82 and its two-hundred day moving average is $84.45.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.14). The company had revenue of $858.37 million during the quarter, compared to analysts’ expectations of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 earnings per share. Equities analysts expect that National Fuel Gas Company will post 7.66 EPS for the current year.

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.555 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a yield of 2.8%. National Fuel Gas’s dividend payout ratio is presently 30.04%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NFG. KeyCorp started coverage on shares of National Fuel Gas in a research note on Tuesday, April 7th. They set an “overweight” rating and a $110.00 target price for the company. Weiss Ratings downgraded National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

National Fuel Gas Company Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.