Anchor Capital Advisors LLC Sells 11,046 Shares of National Fuel Gas Co. (NFG)

Anchor Capital Advisors LLC trimmed its position in National Fuel Gas Co. (NYSE:NFG) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,995 shares of the oil and gas producer’s stock after selling 11,046 shares during the quarter. Anchor Capital Advisors LLC’s holdings in National Fuel Gas were worth $18,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MHI Funds LLC acquired a new position in shares of National Fuel Gas in the fourth quarter valued at $113,000. Cable Hill Partners LLC acquired a new position in shares of National Fuel Gas in the third quarter valued at $119,000. Oakbrook Investments LLC acquired a new position in shares of National Fuel Gas in the third quarter valued at $201,000. IFC Holdings Incorporated FL acquired a new position in shares of National Fuel Gas in the third quarter valued at $206,000. Finally, Brown Advisory Inc. acquired a new position in shares of National Fuel Gas in the third quarter valued at $208,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

National Fuel Gas Co. (NYSE:NFG) opened at $49.92 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.27 and a current ratio of 1.43. National Fuel Gas Co. has a 12 month low of $48.31 and a 12 month high of $61.25. The stock has a market capitalization of $4,250.00, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 4.85 and a beta of 0.88.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.21. National Fuel Gas had a return on equity of 16.36% and a net margin of 24.93%. The firm had revenue of $419.66 million during the quarter, compared to analyst estimates of $453.61 million. During the same period in the prior year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts anticipate that National Fuel Gas Co. will post 3.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.66 annualized dividend and a yield of 3.33%. National Fuel Gas’s dividend payout ratio is currently 36.40%.

A number of research analysts recently commented on NFG shares. Scotiabank restated a “hold” rating and issued a $60.00 target price on shares of National Fuel Gas in a research note on Friday, November 3rd. TheStreet lowered National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Zacks Investment Research lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group reiterated a “hold” rating and set a $58.00 price objective on shares of National Fuel Gas in a research note on Wednesday, December 20th. Finally, Sidoti upgraded National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $61.00.

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

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