KCG Holdings Inc. cut its position in National Fuel Gas Company (NYSE:NFG) by 30.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,703 shares of the oil and gas producer’s stock after selling 5,042 shares during the period. KCG Holdings Inc.’s holdings in National Fuel Gas were worth $698,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in National Fuel Gas during the fourth quarter worth approximately $1,516,000. Raymond James Financial Services Advisors Inc. increased its position in National Fuel Gas by 1.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,311 shares of the oil and gas producer’s stock worth $357,000 after buying an additional 82 shares in the last quarter. Dimensional Fund Advisors LP increased its position in National Fuel Gas by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 362,575 shares of the oil and gas producer’s stock worth $20,538,000 after buying an additional 10,905 shares in the last quarter. FMR LLC increased its position in National Fuel Gas by 8.6% in the fourth quarter. FMR LLC now owns 194,111 shares of the oil and gas producer’s stock worth $10,994,000 after buying an additional 15,400 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in National Fuel Gas during the fourth quarter worth approximately $234,000. Hedge funds and other institutional investors own 68.97% of the company’s stock.
Shares of National Fuel Gas Company (NFG) traded down 0.64% during midday trading on Friday, hitting $59.46. 274,958 shares of the stock traded hands. The firm’s 50 day moving average price is $57.22 and its 200 day moving average price is $57.57. National Fuel Gas Company has a 12-month low of $50.61 and a 12-month high of $61.25. The company has a market capitalization of $5.08 billion, a PE ratio of 22.76 and a beta of 0.97.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, May 4th. The oil and gas producer reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $522.10 million for the quarter, compared to analyst estimates of $514.43 million. National Fuel Gas had a return on equity of 18.67% and a net margin of 14.24%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Analysts expect that National Fuel Gas Company will post $3.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.415 per share. The ex-dividend date was Wednesday, June 28th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.41. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.79%. National Fuel Gas’s payout ratio is presently 63.36%.
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A number of equities analysts recently commented on NFG shares. Jefferies Group LLC downgraded National Fuel Gas from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $66.00 to $52.00 in a report on Monday, April 10th. Scotiabank set a $58.00 price target on National Fuel Gas and gave the company a “hold” rating in a report on Monday, April 10th. ValuEngine downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $59.00.
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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