CNB Bank Has $65,000 Stake in National Fuel Gas (NYSE:NFG)

CNB Bank reduced its holdings in shares of National Fuel Gas (NYSE:NFGFree Report) by 34.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,207 shares of the oil and gas producer’s stock after selling 645 shares during the period. CNB Bank’s holdings in National Fuel Gas were worth $65,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. HBK Sorce Advisory LLC grew its holdings in National Fuel Gas by 1.1% in the fourth quarter. HBK Sorce Advisory LLC now owns 21,518 shares of the oil and gas producer’s stock worth $1,080,000 after purchasing an additional 236 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its position in shares of National Fuel Gas by 0.5% during the 1st quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 61,486 shares of the oil and gas producer’s stock worth $3,303,000 after purchasing an additional 277 shares in the last quarter. Blue Trust Inc. grew its stake in shares of National Fuel Gas by 119.8% in the 4th quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 309 shares during the period. NBC Securities Inc. increased its position in National Fuel Gas by 17.1% in the 4th quarter. NBC Securities Inc. now owns 2,145 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 314 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in National Fuel Gas by 6.5% during the 4th quarter. Private Trust Co. NA now owns 5,399 shares of the oil and gas producer’s stock worth $271,000 after buying an additional 331 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other National Fuel Gas news, General Counsel Michael W. Reville sold 6,357 shares of National Fuel Gas stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $54.83, for a total transaction of $348,554.31. Following the completion of the transaction, the general counsel now owns 9,903 shares of the company’s stock, valued at approximately $542,981.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.55% of the stock is currently owned by insiders.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock opened at $54.58 on Monday. The firm has a market capitalization of $5.02 billion, a P/E ratio of 10.76 and a beta of 0.62. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $55.40 and its 200 day simple moving average is $52.17. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $57.60.

National Fuel Gas (NYSE:NFGGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.38. National Fuel Gas had a net margin of 23.84% and a return on equity of 15.06%. The company had revenue of $629.94 million for the quarter, compared to analysts’ expectations of $767.33 million. During the same period in the prior year, the company posted $1.54 EPS. National Fuel Gas’s revenue was down 12.2% compared to the same quarter last year. As a group, analysts anticipate that National Fuel Gas will post 5.07 EPS for the current year.

National Fuel Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, June 28th. National Fuel Gas’s payout ratio is presently 40.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NFG shares. Scotiabank raised their price objective on National Fuel Gas from $72.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 9th. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th.

Read Our Latest Stock Analysis on National Fuel Gas

National Fuel Gas Profile

(Free Report)

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.

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

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