Allianz Asset Management GmbH boosted its stake in shares of National Fuel Gas Co. (NYSE:NFG) by 54.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 495,383 shares of the oil and gas producer’s stock after buying an additional 173,958 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.57% of National Fuel Gas worth $26,132,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Chicago Equity Partners LLC bought a new position in National Fuel Gas during the second quarter worth about $267,000. Moors & Cabot Inc. boosted its position in National Fuel Gas by 166.3% during the second quarter. Moors & Cabot Inc. now owns 10,120 shares of the oil and gas producer’s stock worth $535,000 after purchasing an additional 6,320 shares during the period. Summit Global Investments boosted its position in National Fuel Gas by 1.4% during the first quarter. Summit Global Investments now owns 198,593 shares of the oil and gas producer’s stock worth $12,106,000 after purchasing an additional 2,733 shares during the period. CIBC Asset Management Inc bought a new position in National Fuel Gas during the first quarter worth about $201,000. Finally, Icon Advisers Inc. Co. boosted its position in National Fuel Gas by 118.8% during the first quarter. Icon Advisers Inc. Co. now owns 29,100 shares of the oil and gas producer’s stock worth $1,774,000 after purchasing an additional 15,800 shares during the period. Institutional investors own 73.27% of the company’s stock.
A number of brokerages have weighed in on NFG. TheStreet lowered shares of National Fuel Gas from a “b” rating to a “c+” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 target price for the company in a research report on Thursday, August 8th. Finally, ValuEngine lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th.
Shares of National Fuel Gas stock traded down $0.01 on Friday, reaching $48.73. The stock had a trading volume of 432,387 shares, compared to its average volume of 505,131. National Fuel Gas Co. has a 1 year low of $45.47 and a 1 year high of $61.71. The company has a market cap of $4.32 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 5.06 and a beta of 0.76. The company has a current ratio of 1.02, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $47.15 and its two-hundred day moving average is $54.47.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $357.20 million for the quarter, compared to the consensus estimate of $400.88 million. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. On average, equities analysts anticipate that National Fuel Gas Co. will post 3.53 EPS for the current fiscal year.
The business also recently announced a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.435 dividend. This represents a yield of 3.6%. The ex-dividend date is Friday, September 27th. National Fuel Gas’s dividend payout ratio is currently 52.10%.
National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. 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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