National Fuel Gas Co. (NYSE:NFG) Director Philip C. Ackerman sold 127,828 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $60.64, for a total transaction of $7,751,489.92. Following the completion of the transaction, the director now owns 278,464 shares in the company, valued at $16,886,056.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
National Fuel Gas Co. (NYSE:NFG) opened at 60.45 on Tuesday. The firm’s market capitalization is $5.16 billion. National Fuel Gas Co. has a one year low of $47.49 and a one year high of $61.25. The stock has a 50 day moving average of $59.27 and a 200 day moving average of $56.46.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, February 2nd. The company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.17. National Fuel Gas had a negative net margin of 0.86% and a positive return on equity of 18.34%. The firm earned $422.50 million during the quarter, compared to the consensus estimate of $441.48 million. During the same period last year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts forecast that National Fuel Gas Co. will post $3.27 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.405 per share. The ex-dividend date is Wednesday, March 29th. This represents a $1.62 annualized dividend and a yield of 2.68%. National Fuel Gas’s dividend payout ratio (DPR) is currently -1,012.50%.
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Several equities analysts have recently commented on NFG shares. Zacks Investment Research upgraded shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, February 7th. Scotiabank restated a “hold” rating and issued a $60.00 price objective on shares of National Fuel Gas in a report on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $63.25.
Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of National Fuel Gas during the fourth quarter worth approximately $34,198,000. JPMorgan Chase & Co. increased its stake in shares of National Fuel Gas by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,958,110 shares of the company’s stock worth $214,015,000 after buying an additional 181,812 shares during the period. Aristotle Capital Management LLC increased its stake in shares of National Fuel Gas by 5.6% in the fourth quarter. Aristotle Capital Management LLC now owns 3,054,075 shares of the company’s stock worth $172,983,000 after buying an additional 160,906 shares during the period. Two Sigma Investments LP increased its stake in shares of National Fuel Gas by 86.0% in the fourth quarter. Two Sigma Investments LP now owns 297,690 shares of the company’s stock worth $16,861,000 after buying an additional 137,641 shares during the period. Finally, River Road Asset Management LLC increased its stake in shares of National Fuel Gas by 10.1% in the third quarter. River Road Asset Management LLC now owns 1,376,934 shares of the company’s stock worth $74,451,000 after buying an additional 126,611 shares during the period. Hedge funds and other institutional investors own 64.97% of the company’s stock.
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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