Quantinno Capital Management LP trimmed its stake in shares of National Fuel Gas (NYSE:NFG – Free Report) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,306 shares of the oil and gas producer’s stock after selling 1,260 shares during the period. Quantinno Capital Management LP’s holdings in National Fuel Gas were worth $768,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in National Fuel Gas by 8.2% during the third quarter. Vanguard Group Inc. now owns 11,771,775 shares of the oil and gas producer’s stock valued at $724,553,000 after purchasing an additional 892,065 shares in the last quarter. State Street Corp lifted its holdings 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. Geode Capital Management LLC raised its position in shares of National Fuel Gas by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 1,286,674 shares of the oil and gas producer’s stock valued at $81,446,000 after buying an additional 42,925 shares during the last quarter. Energy Income Partners LLC raised its position in shares of National Fuel Gas by 11.5% in the fourth quarter. Energy Income Partners LLC now owns 1,170,046 shares of the oil and gas producer’s stock valued at $74,064,000 after buying an additional 120,662 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of National Fuel Gas by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,018,737 shares of the oil and gas producer’s stock valued at $64,486,000 after buying an additional 24,558 shares during the last quarter. 73.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently commented on NFG. Argus reduced their target price on shares of National Fuel Gas from $76.00 to $58.00 in a research report on Wednesday, May 24th. StockNews.com began coverage on shares of National Fuel Gas in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group reduced their target price on shares of National Fuel Gas from $60.00 to $54.00 in a research report on Wednesday, May 24th.
National Fuel Gas Price Performance
National Fuel Gas (NYSE:NFG – Get Free Report) last released its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). National Fuel Gas had a return on equity of 23.69% and a net margin of 24.93%. The firm had revenue of $717.26 million for the quarter, compared to analyst estimates of $697.11 million. During the same quarter in the previous year, the business posted $1.68 earnings per share. National Fuel Gas’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that National Fuel Gas will post 5.11 earnings per share for the current year.
National Fuel Gas Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.495 per share. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 3.78%. The ex-dividend date was Thursday, June 29th. National Fuel Gas’s dividend payout ratio (DPR) is presently 31.68%.
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 in California and in the Appalachian region of the United States.
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