National Fuel Gas (NYSE:NFG) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,539 shares of the oil and gas producer's stock after selling 3,747 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.15% of National Fuel Gas worth $8,043,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NFG. Kentucky Trust Co purchased a new stake in shares of National Fuel Gas during the 4th quarter valued at $25,000. UMB Bank n.a. raised its holdings in shares of National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock valued at $29,000 after buying an additional 218 shares in the last quarter. S.A. Mason LLC bought a new stake in National Fuel Gas in the 4th quarter worth approximately $38,000. Aster Capital Management DIFC Ltd boosted its stake in National Fuel Gas by 223.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer's stock worth $40,000 after buying an additional 453 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in National Fuel Gas by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer's stock valued at $44,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Stock Up 0.4 %

Shares of NYSE:NFG traded up $0.35 during trading on Friday, hitting $81.78. The stock had a trading volume of 145,618 shares, compared to its average volume of 557,222. The company has a market capitalization of $7.39 billion, a PE ratio of -584.10 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. The firm's fifty day moving average is $77.37 and its 200 day moving average is $69.28. National Fuel Gas has a 12 month low of $53.03 and a 12 month high of $83.35.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced 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. The company had revenue of $729.95 million for the quarter, compared to analysts' expectations of $770.81 million. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. National Fuel Gas's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 EPS. Analysts anticipate that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently declared 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 was Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a yield of 2.52%. National Fuel Gas's payout ratio is presently 479.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NFG shares. JPMorgan Chase & Co. increased their target price on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, March 13th. StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, National Fuel Gas currently has an average rating of "Hold" and a consensus price target of $74.67.

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.