National Fuel Gas (NYSE:NFG) Stake Lowered by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in National Fuel Gas (NYSE:NFG) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,925 shares of the oil and gas producer’s stock after selling 381 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in National Fuel Gas were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NFG. HBK Sorce Advisory LLC raised its stake in shares of National Fuel Gas by 1.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 21,743 shares of the oil and gas producer’s stock worth $1,168,000 after purchasing an additional 225 shares in the last quarter. Financial Advocates Investment Management raised its position in National Fuel Gas by 6.2% during the second quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock valued at $227,000 after acquiring an additional 243 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in National Fuel Gas by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,460 shares of the oil and gas producer’s stock valued at $2,873,000 after acquiring an additional 244 shares during the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. grew its position in National Fuel Gas by 0.5% in the first 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 acquiring an additional 277 shares in the last quarter. Finally, WNY Asset Management LLC increased its stake in shares of National Fuel Gas by 0.9% during the 1st quarter. WNY Asset Management LLC now owns 33,421 shares of the oil and gas producer’s stock worth $1,795,000 after purchasing an additional 313 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFG has been the subject of several analyst reports. Scotiabank lifted their price objective on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Monday, August 5th.

National Fuel Gas Trading Up 0.7 %

Shares of NYSE:NFG opened at $59.76 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77. The stock’s 50-day moving average is $57.46 and its 200-day moving average is $54.85. The company has a market cap of $5.46 billion, a P/E ratio of 11.86 and a beta of 0.62. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $59.96.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $540.62 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 EPS. Equities research analysts predict that National Fuel Gas will post 5.21 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.515 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, June 28th. This represents a $2.06 annualized dividend and a dividend yield of 3.45%. National Fuel Gas’s dividend payout ratio (DPR) is presently 40.87%.

Insider Buying and Selling

In other National Fuel Gas news, General Counsel Michael W. Reville sold 6,357 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $54.83, for a total value of $348,554.31. Following the completion of the sale, the general counsel now directly owns 9,903 shares of the company’s stock, valued at approximately $542,981.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.55% of the stock is currently owned by insiders.

National Fuel Gas 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.