Shell Asset Management Co. Sells 1,671 Shares of National Fuel Gas (NYSE:NFG)

Shell Asset Management Co. lessened its stake in shares of National Fuel Gas (NYSE:NFGGet Rating) by 12.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 11,348 shares of the oil and gas producer’s stock after selling 1,671 shares during the period. Shell Asset Management Co.’s holdings in National Fuel Gas were worth $780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc lifted its position in shares of National Fuel Gas by 1,010.1% during the 1st quarter. AdvisorNet Financial Inc now owns 1,099 shares of the oil and gas producer’s stock worth $76,000 after buying an additional 1,000 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of National Fuel Gas by 2.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 83,385 shares of the oil and gas producer’s stock worth $5,729,000 after buying an additional 1,831 shares during the period. Foster & Motley Inc. lifted its position in shares of National Fuel Gas by 43.7% during the 1st quarter. Foster & Motley Inc. now owns 6,732 shares of the oil and gas producer’s stock worth $462,000 after buying an additional 2,046 shares during the period. Balasa Dinverno & Foltz LLC lifted its position in shares of National Fuel Gas by 18.9% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 3,783 shares of the oil and gas producer’s stock worth $260,000 after buying an additional 601 shares during the period. Finally, State Street Corp lifted its position in shares of National Fuel Gas by 0.9% during the 4th quarter. State Street Corp now owns 6,045,884 shares of the oil and gas producer’s stock worth $389,278,000 after buying an additional 56,298 shares during the period. Institutional investors own 73.54% of the company’s stock.

National Fuel Gas Trading Up 0.6 %

NFG stock opened at $72.34 on Monday. The business has a fifty day moving average price of $68.72 and a 200 day moving average price of $66.86. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.78 and a beta of 0.67. National Fuel Gas has a fifty-two week low of $50.05 and a fifty-two week high of $75.97. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.33 and a quick ratio of 0.31.

National Fuel Gas (NYSE:NFGGet Rating) last released its earnings results on Thursday, May 5th. The oil and gas producer reported $1.68 EPS for the quarter, meeting the consensus estimate of $1.68. The company had revenue of $701.72 million during the quarter, compared to analysts’ expectations of $652.28 million. National Fuel Gas had a return on equity of 23.85% and a net margin of 23.67%. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the firm earned $1.34 EPS. Analysts expect that National Fuel Gas will post 5.79 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.475 dividend. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Wednesday, June 29th. National Fuel Gas’s dividend payout ratio (DPR) is 36.89%.

Insider Activity

In other news, COO Ronald C. Kraemer sold 1,390 shares of National Fuel Gas stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $70.00, for a total value of $97,300.00. Following the completion of the sale, the chief operating officer now directly owns 45,995 shares of the company’s stock, valued at approximately $3,219,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NFG. Scotiabank restated an “assumes” rating on shares of National Fuel Gas in a research report on Monday, July 25th. Raymond James raised their price target on National Fuel Gas from $76.00 to $86.00 in a report on Friday, June 10th. Finally, The Goldman Sachs Group dropped their price target on National Fuel Gas from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.67.

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.

See Also

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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