National Fuel Gas Company (NFG) Shares Bought by Fmr LLC

Fmr LLC increased its stake in National Fuel Gas Company (NYSE:NFG) by 3.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 207,740 shares of the oil and gas producer’s stock after buying an additional 7,329 shares during the quarter. Fmr LLC owned 0.24% of National Fuel Gas worth $11,600,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of National Fuel Gas by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after buying an additional 34 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of National Fuel Gas by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock worth $161,000 after buying an additional 445 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of National Fuel Gas by 5.7% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 3,700 shares of the oil and gas producer’s stock worth $207,000 after buying an additional 200 shares during the last quarter. Cadence Capital Management LLC purchased a new position in shares of National Fuel Gas in the 2nd quarter worth about $209,000. Finally, Bridgewater Associates LP purchased a new position in shares of National Fuel Gas in the 2nd quarter worth about $243,000. 72.22% of the stock is currently owned by institutional investors.

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Shares of National Fuel Gas Company (NFG) opened at 57.34 on Monday. The company has a market capitalization of $4.90 billion, a PE ratio of 17.86 and a beta of 0.95. National Fuel Gas Company has a 52 week low of $50.61 and a 52 week high of $61.25. The company has a 50-day moving average price of $57.52 and a 200-day moving average price of $57.03.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The company had revenue of $348.37 million for the quarter, compared to analysts’ expectations of $373.86 million. During the same period last year, the firm posted $0.68 earnings per share. Analysts predict that National Fuel Gas Company will post $3.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.415 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.66 annualized dividend and a dividend yield of 2.90%. National Fuel Gas’s dividend payout ratio (DPR) is presently 51.71%.

A number of brokerages recently weighed in on NFG. Sidoti began coverage on shares of National Fuel Gas in a report on Thursday, October 12th. They issued a “neutral” rating and a $65.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 price target on shares of National Fuel Gas in a report on Thursday, October 12th. Scotiabank set a $60.00 price target on shares of National Fuel Gas and gave the stock a “hold” rating in a report on Tuesday, August 22nd. Finally, BidaskClub downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Five investment analysts have rated the stock with a hold rating, National Fuel Gas currently has an average rating of “Hold” and an average price target of $59.67.

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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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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