Vident Advisory LLC Sells 3,064 Shares of National Fuel Gas (NYSE:NFG)

Vident Advisory LLC lowered its position in shares of National Fuel Gas (NYSE:NFG - Free Report) by 28.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,677 shares of the oil and gas producer's stock after selling 3,064 shares during the period. Vident Advisory LLC's holdings in National Fuel Gas were worth $466,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kentucky Trust Co purchased a new stake in shares of National Fuel Gas in the 4th quarter worth about $25,000. Quarry LP purchased a new stake in shares of National Fuel Gas in the 4th quarter worth about $32,000. S.A. Mason LLC purchased a new stake in shares of National Fuel Gas in the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd lifted its position in shares of National Fuel Gas by 223.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer's stock worth $40,000 after purchasing an additional 453 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in shares of National Fuel Gas by 49.5% in the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

National Fuel Gas Stock Down 0.0%

NYSE NFG traded down $0.03 during trading hours on Thursday, reaching $81.93. 393,317 shares of the company's stock traded hands, compared to its average volume of 560,222. National Fuel Gas has a 52-week low of $53.03 and a 52-week high of $83.68. The firm has a market cap of $7.40 billion, a PE ratio of -585.17 and a beta of 0.61. The firm has a 50-day simple moving average of $78.97 and a 200 day simple moving average of $71.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $770.81 million. During the same period in the previous year, the company earned $1.79 earnings per share. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.515 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.51%. National Fuel Gas's dividend payout ratio is presently 479.07%.

Wall Street Analyst Weigh In

NFG has been the subject of several research analyst reports. Bank of America raised their target price on shares of National Fuel Gas from $77.00 to $85.00 and gave the stock an "underperform" rating in a research report on Friday, May 23rd. Wall Street Zen raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $82.33.

About National Fuel Gas

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.