14,743 Shares in National Fuel Gas Company (NYSE:NFG) Purchased by Consolidated Planning Corp

Consolidated Planning Corp purchased a new position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,743 shares of the oil and gas producer's stock, valued at approximately $1,167,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group grew its holdings in National Fuel Gas by 4.0% during the fourth quarter. Schroder Investment Management Group now owns 9,122 shares of the oil and gas producer's stock worth $551,000 after purchasing an additional 350 shares during the period. SG Americas Securities LLC bought a new position in National Fuel Gas during the first quarter worth about $900,000. Norges Bank bought a new position in National Fuel Gas during the fourth quarter worth about $67,393,000. ING Groep NV bought a new position in National Fuel Gas during the fourth quarter worth about $1,086,000. Finally, Proficio Capital Partners LLC bought a new position in National Fuel Gas during the fourth quarter worth about $862,000. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Trading Up 0.3%

Shares of NYSE:NFG opened at $85.66 on Monday. National Fuel Gas Company has a 12-month low of $53.88 and a 12-month high of $86.17. The stock has a market cap of $7.74 billion, a PE ratio of 199.22, a P/E/G ratio of 0.55 and a beta of 0.62. The business has a 50 day moving average of $81.17 and a 200-day moving average of $73.84. The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 0.86.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.21. The business had revenue of $729.95 million during the quarter, compared to analysts' expectations of $770.81 million. National Fuel Gas had a return on equity of 18.55% and a net margin of 1.91%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share. As a group, equities research analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.535 dividend. This is a boost from National Fuel Gas's previous quarterly dividend of $0.52. This represents a $2.14 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, June 30th. National Fuel Gas's payout ratio is 479.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NFG shares. Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday. Bank of America boosted their price objective on National Fuel Gas from $77.00 to $85.00 and gave the stock an "underperform" rating in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $82.33.

National Fuel Gas Company 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.

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