LSV Asset Management Sells 49,100 Shares of National Fuel Gas (NYSE:NFG)

LSV Asset Management lowered its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,742,638 shares of the oil and gas producer's stock after selling 49,100 shares during the period. LSV Asset Management owned about 1.89% of National Fuel Gas worth $87,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFG. Commonwealth Equity Services LLC boosted its position in shares of National Fuel Gas by 4.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 76,284 shares of the oil and gas producer's stock valued at $3,960,000 after purchasing an additional 3,312 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of National Fuel Gas by 1.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 40,412 shares of the oil and gas producer's stock worth $2,098,000 after acquiring an additional 584 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of National Fuel Gas by 30.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,293 shares of the oil and gas producer's stock valued at $1,002,000 after acquiring an additional 4,467 shares during the period. Mackenzie Financial Corp raised its holdings in shares of National Fuel Gas by 28.1% during the third quarter. Mackenzie Financial Corp now owns 264,254 shares of the oil and gas producer's stock valued at $13,435,000 after acquiring an additional 57,977 shares during the period. Finally, Waldron Private Wealth LLC boosted its stake in National Fuel Gas by 206.8% in the 3rd quarter. Waldron Private Wealth LLC now owns 14,527 shares of the oil and gas producer's stock worth $761,000 after purchasing an additional 9,792 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NFG. StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 20th. Scotiabank lifted their target price on National Fuel Gas from $67.00 to $72.00 and gave the company a "sector outperform" rating in a research note on Thursday, April 11th.

National Fuel Gas Stock Up 0.2 %

Shares of National Fuel Gas stock traded up $0.11 during trading on Friday, hitting $54.87. 442,680 shares of the stock traded hands, compared to its average volume of 521,104. The stock has a market cap of $5.06 billion, a P/E ratio of 10.89 and a beta of 0.63. The company has a fifty day moving average price of $52.29 and a two-hundred day moving average price of $50.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.58. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $55.99.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 EPS for the quarter, topping the consensus estimate of $1.41 by $0.38. The company had revenue of $629.94 million for the quarter, compared to analyst estimates of $767.33 million. National Fuel Gas had a net margin of 23.84% and a return on equity of 15.06%. National Fuel Gas's quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 EPS. Equities research analysts predict that National Fuel Gas will post 4.87 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Wednesday, March 27th. National Fuel Gas's dividend payout ratio is 39.29%.

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.