Kwmg LLC decreased its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,310 shares of the oil and gas producer's stock after selling 3,157 shares during the quarter. Kwmg LLC owned 0.11% of National Fuel Gas worth $8,023,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fragasso Financial Advisors Inc bought a new position in National Fuel Gas during the first quarter valued at about $218,000. NBC Securities Inc. boosted its stake in National Fuel Gas by 114,750.0% during the first quarter. NBC Securities Inc. now owns 2,297 shares of the oil and gas producer's stock valued at $181,000 after buying an additional 2,295 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in National Fuel Gas during the first quarter valued at about $231,000. Dumont & Blake Investment Advisors LLC bought a new position in National Fuel Gas during the first quarter valued at about $206,000. Finally, Marion Wealth Management bought a new position in National Fuel Gas during the first quarter valued at about $239,000. Institutional investors own 73.96% of the company's stock.
National Fuel Gas Trading Down 2.1%
Shares of NYSE NFG traded down $1.78 during mid-day trading on Wednesday, hitting $81.88. 341,518 shares of the company traded hands, compared to its average volume of 557,952. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of -584.82 and a beta of 0.62. The business has a 50 day moving average of $79.25 and a two-hundred day moving average of $71.92. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas has a 1 year low of $53.03 and a 1 year high of $84.27.
National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.21. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. The business had revenue of $729.95 million during the quarter, compared to analyst estimates of $770.81 million. During the same period in the prior year, the firm earned $1.79 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts anticipate that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.
National Fuel Gas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a yield of 2.52%. National Fuel Gas's dividend payout ratio (DPR) is currently 479.07%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on NFG shares. Wall Street Zen raised National Fuel Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their target price on National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, March 13th. Finally, Bank of America upped their target price on National Fuel Gas from $77.00 to $85.00 and gave the company an "underperform" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.33.
View Our Latest Stock Analysis on NFG
National Fuel Gas Company Profile
(
Free Report)
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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