State of Alaska Department of Revenue decreased its holdings in shares of National Fuel Gas Co. (NYSE:NFG) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,191 shares of the oil and gas producer’s stock after selling 1,168 shares during the quarter. State of Alaska Department of Revenue’s holdings in National Fuel Gas were worth $660,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Stonebridge Capital Advisors LLC bought a new stake in National Fuel Gas during the 2nd quarter valued at approximately $26,000. Bridger Capital Management LLC bought a new stake in National Fuel Gas during the 3rd quarter valued at approximately $27,000. Prestige Wealth Management Group LLC bought a new stake in National Fuel Gas during the 2nd quarter valued at approximately $37,000. Cribstone Capital Management LLC boosted its stake in National Fuel Gas by 172.8% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,023 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 648 shares during the period. Finally, CNB Bank lifted its position in shares of National Fuel Gas by 60.8% in the 3rd quarter. CNB Bank now owns 1,256 shares of the oil and gas producer’s stock worth $59,000 after acquiring an additional 475 shares during the period. Hedge funds and other institutional investors own 73.08% of the company’s stock.
In other news, VP Paula M. Ciprich sold 4,285 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $47.17, for a total value of $202,123.45. Following the completion of the transaction, the vice president now directly owns 34,046 shares of the company’s stock, valued at approximately $1,605,949.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.
Shares of NFG stock opened at $45.49 on Tuesday. The stock has a 50 day moving average of $45.85 and a two-hundred day moving average of $46.83. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.00. National Fuel Gas Co. has a 12 month low of $42.98 and a 12 month high of $61.71. The company has a market capitalization of $3.93 billion, a P/E ratio of 13.03 and a beta of 0.74.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. National Fuel Gas had a return on equity of 14.40% and a net margin of 17.97%. The company had revenue of $293.34 million during the quarter, compared to the consensus estimate of $336.30 million. During the same quarter last year, the company earned $0.49 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Sell-side analysts predict that National Fuel Gas Co. will post 2.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.435 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.83%. National Fuel Gas’s payout ratio is presently 50.43%.
A number of analysts have commented on the company. ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, October 15th. Finally, Citigroup reduced their price objective on National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.00.
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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