National Fuel Gas Co. (NYSE:NFG) – Equities researchers at US Capital Advisors lifted their Q3 2019 earnings per share (EPS) estimates for shares of National Fuel Gas in a report released on Wednesday, April 17th. US Capital Advisors analyst B. Followill now anticipates that the oil and gas producer will post earnings per share of $0.73 for the quarter, up from their previous estimate of $0.72. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for National Fuel Gas’ FY2020 earnings at $3.87 EPS.
Separately, Zacks Investment Research downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. National Fuel Gas presently has a consensus rating of “Hold” and a consensus target price of $66.00.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.05. The company had revenue of $490.25 million for the quarter, compared to the consensus estimate of $477.76 million. National Fuel Gas had a net margin of 17.77% and a return on equity of 15.26%.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 28th. National Fuel Gas’s dividend payout ratio (DPR) is presently 50.90%.
In other news, Director David F. Smith sold 9,700 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $58.24, for a total value of $564,928.00. Following the sale, the director now directly owns 363,168 shares of the company’s stock, valued at $21,150,904.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paula M. Ciprich sold 10,227 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $60.42, for a total transaction of $617,915.34. Following the completion of the sale, the vice president now directly owns 73,702 shares in the company, valued at $4,453,074.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,284 shares of company stock worth $1,324,593. Insiders own 2.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in NFG. Oregon Public Employees Retirement Fund lifted its holdings in shares of National Fuel Gas by 5,018.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 1,698,894 shares in the last quarter. Norges Bank purchased a new stake in shares of National Fuel Gas in the fourth quarter worth about $42,217,000. Vanguard Group Inc. lifted its holdings in shares of National Fuel Gas by 7.7% in the third quarter. Vanguard Group Inc. now owns 8,478,951 shares of the oil and gas producer’s stock worth $475,330,000 after buying an additional 607,091 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of National Fuel Gas by 7.7% in the third quarter. Vanguard Group Inc now owns 8,478,951 shares of the oil and gas producer’s stock worth $475,330,000 after buying an additional 607,091 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of National Fuel Gas by 504.6% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 632,556 shares of the oil and gas producer’s stock worth $32,374,000 after buying an additional 527,934 shares in the last quarter. 74.23% of the stock is currently owned by hedge funds and other institutional investors.
National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.
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