US Bancorp DE trimmed its position in National Fuel Gas (NYSE:NFG – Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,295 shares of the oil and gas producer’s stock after selling 1,621 shares during the quarter. US Bancorp DE’s holdings in National Fuel Gas were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Treasurer of the State of North Carolina increased its stake in shares of National Fuel Gas by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 40,239 shares of the oil and gas producer’s stock worth $2,089,000 after buying an additional 205 shares during the period. HBK Sorce Advisory LLC increased its stake in shares of National Fuel Gas by 1.1% in the fourth quarter. HBK Sorce Advisory LLC now owns 21,518 shares of the oil and gas producer’s stock worth $1,080,000 after buying an additional 236 shares during the period. Merit Financial Group LLC increased its stake in shares of National Fuel Gas by 5.9% in the third quarter. Merit Financial Group LLC now owns 5,243 shares of the oil and gas producer’s stock worth $272,000 after buying an additional 292 shares during the period. Blue Trust Inc. increased its stake in shares of National Fuel Gas by 119.8% in the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 309 shares during the period. Finally, NBC Securities Inc. increased its stake in shares of National Fuel Gas by 17.1% in the fourth quarter. NBC Securities Inc. now owns 2,145 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 314 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on NFG. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Scotiabank boosted their price objective on shares of National Fuel Gas from $72.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 9th.
Get Our Latest Stock Analysis on National Fuel Gas
National Fuel Gas Stock Up 3.2 %
Shares of National Fuel Gas stock opened at $57.16 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $54.43 and its two-hundred day simple moving average is $51.40. The company has a market cap of $5.25 billion, a P/E ratio of 11.34 and a beta of 0.62. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $57.60.
National Fuel Gas (NYSE:NFG – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.38. The business had revenue of $629.94 million for the quarter, compared to the consensus estimate of $767.33 million. National Fuel Gas had a net margin of 23.84% and a return on equity of 15.06%. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 EPS. Research analysts anticipate that National Fuel Gas will post 5.07 EPS for the current year.
National Fuel Gas Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Wednesday, March 27th. National Fuel Gas’s dividend payout ratio is presently 39.29%.
National Fuel Gas Profile
National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.
Further Reading
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Source: defenseworld.net
