National Fuel Gas (NYSE:NFG) COO Ronald C. Kraemer Sells 1,390 Shares

National Fuel Gas (NYSE:NFG – Get Rating) COO Ronald C. Kraemer sold 1,390 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $70.00, for a total value of $97,300.00. Following the sale, the chief operating officer now owns 45,995 shares of the company’s stock, valued at $3,219,650. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NFG stock traded up $0.76 on Tuesday, reaching $71.31. The stock had a trading volume of 478,074 shares, compared to its average volume of 584,068. The stock has a market cap of $6.52 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.21 and a beta of 0.64. National Fuel Gas has a 1 year low of $49.16 and a 1 year high of $74.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.31 and a current ratio of 0.33. The company has a 50 day simple moving average of $69.39 and a 200 day simple moving average of $64.54.

National Fuel Gas (NYSE:NFG – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The oil and gas producer reported $1.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.68. The firm had revenue of $701.72 million for the quarter, compared to the consensus estimate of $652.28 million. National Fuel Gas had a return on equity of 23.85% and a net margin of 23.67%. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. On average, equities research analysts anticipate that National Fuel Gas will post 5.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a dividend of $0.455 per share. The ex-dividend date was Wednesday, March 30th. This represents a $1.82 annualized dividend and a yield of 2.55%. National Fuel Gas’s dividend payout ratio (DPR) is presently 35.34%.

Several brokerages have recently issued reports on NFG. StockNews.com started coverage on National Fuel Gas in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James lifted their target price on National Fuel Gas from $69.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, April 25th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFG. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in National Fuel Gas by 6,868.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,305,529 shares of the oil and gas producer’s stock valued at $83,253,000 after purchasing an additional 1,286,795 shares in the last quarter. State Street Corp lifted its position in National Fuel Gas by 20.7% during the first quarter. State Street Corp now owns 7,298,076 shares of the oil and gas producer’s stock valued at $504,599,000 after purchasing an additional 1,252,192 shares in the last quarter. Vanguard Group Inc. lifted its position in National Fuel Gas by 8.8% during the first quarter. Vanguard Group Inc. now owns 10,208,957 shares of the oil and gas producer’s stock valued at $701,355,000 after purchasing an additional 822,589 shares in the last quarter. Norges Bank purchased a new position in National Fuel Gas during the fourth quarter valued at $52,379,000. Finally, First Trust Advisors LP lifted its position in National Fuel Gas by 160.8% during the first quarter. First Trust Advisors LP now owns 404,404 shares of the oil and gas producer’s stock valued at $27,782,000 after purchasing an additional 249,312 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

National Fuel Gas Company Profile (Get Rating)

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 in California and in the Appalachian region of the United States.

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