Stifel Financial Corp Has $1.63 Million Position in National Fuel Gas Co. (NFG)

Stifel Financial Corp boosted its position in National Fuel Gas Co. (NYSE:NFG) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,664 shares of the oil and gas producer’s stock after purchasing an additional 1,494 shares during the quarter. Stifel Financial Corp’s holdings in National Fuel Gas were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of National Fuel Gas by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock valued at $103,000 after acquiring an additional 34 shares during the last quarter. Cable Hill Partners LLC acquired a new position in shares of National Fuel Gas during the 3rd quarter valued at about $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Fuel Gas by 18.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after acquiring an additional 445 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of National Fuel Gas during the 2nd quarter valued at about $168,000. Finally, Oakbrook Investments LLC acquired a new position in shares of National Fuel Gas during the 3rd quarter valued at about $201,000. 71.48% of the stock is owned by hedge funds and other institutional investors.

Shares of National Fuel Gas Co. (NYSE NFG) opened at $54.79 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 1.22. National Fuel Gas Co. has a fifty-two week low of $53.03 and a fifty-two week high of $61.25. The stock has a market capitalization of $4,700.00, a PE ratio of 16.60, a PEG ratio of 6.09 and a beta of 0.94.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The business had revenue of $286.94 million during the quarter, compared to analysts’ expectations of $325.81 million. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. research analysts expect that National Fuel Gas Co. will post 2.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 28th. National Fuel Gas’s payout ratio is currently 50.30%.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Scotiabank reaffirmed a “hold” rating and set a $60.00 price objective on shares of National Fuel Gas in a research note on Friday, November 3rd. Sidoti assumed coverage on shares of National Fuel Gas in a research note on Thursday, October 12th. They set a “neutral” rating and a $65.00 price objective for the company. Jefferies Group reiterated a “hold” rating and set a $54.00 target price on shares of National Fuel Gas in a report on Thursday, October 12th. Finally, TheStreet cut National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. National Fuel Gas has a consensus rating of “Hold” and a consensus target price of $61.33.

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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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