Chelsea Counsel Co. held its position in National Fuel Gas Co. (NYSE:NFG) during the first quarter, Holdings Channel reports. The fund owned 11,950 shares of the oil and gas producer’s stock at the end of the first quarter. Chelsea Counsel Co.’s holdings in National Fuel Gas were worth $712,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in National Fuel Gas by 6.9% in the third quarter. BlackRock Inc. now owns 168,815 shares of the oil and gas producer’s stock valued at $9,127,000 after buying an additional 10,905 shares in the last quarter. BlackRock Investment Management LLC raised its position in National Fuel Gas by 2.6% in the third quarter. BlackRock Investment Management LLC now owns 280,046 shares of the oil and gas producer’s stock valued at $15,142,000 after buying an additional 7,006 shares in the last quarter. BlackRock Advisors LLC raised its position in National Fuel Gas by 12.4% in the third quarter. BlackRock Advisors LLC now owns 141,729 shares of the oil and gas producer’s stock valued at $7,663,000 after buying an additional 15,612 shares in the last quarter. Cardinal Capital Management raised its position in National Fuel Gas by 3.5% in the third quarter. Cardinal Capital Management now owns 46,585 shares of the oil and gas producer’s stock valued at $2,519,000 after buying an additional 1,555 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in National Fuel Gas during the third quarter valued at $541,000. Hedge funds and other institutional investors own 64.97% of the company’s stock.
National Fuel Gas Co. (NYSE:NFG) traded down 0.69% during mid-day trading on Thursday, hitting $53.46. 474,308 shares of the company traded hands. The stock’s market capitalization is $4.56 billion. The company’s 50-day moving average is $59.01 and its 200-day moving average is $56.76. National Fuel Gas Co. has a one year low of $50.61 and a one year high of $61.25.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, February 2nd. The oil and gas producer reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.17. National Fuel Gas had a negative net margin of 0.86% and a positive return on equity of 18.34%. The firm had revenue of $422.50 million for the quarter, compared to the consensus estimate of $441.48 million. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts predict that National Fuel Gas Co. will post $3.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were issued a $0.405 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.62 annualized dividend and a dividend yield of 3.03%. National Fuel Gas’s dividend payout ratio is currently -1,012.50%.
Several brokerages have recently commented on NFG. Scotiabank set a $62.00 price target on shares of National Fuel Gas and gave the stock a “hold” rating in a research note on Saturday, March 25th. Jefferies Group LLC upgraded shares of National Fuel Gas from an “underperform” rating to a “hold” rating and set a $52.00 price target on the stock in a research note on Wednesday. Finally, Zacks Investment Research lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Five investment analysts have rated the stock with a hold rating, National Fuel Gas presently has a consensus rating of “Hold” and a consensus target price of $59.00.
In other news, SVP Paula M. Ciprich sold 7,604 shares of the business’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $59.97, for a total value of $456,011.88. Following the completion of the sale, the senior vice president now owns 65,922 shares of the company’s stock, valued at $3,953,342.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Philip C. Ackerman sold 81,370 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $60.17, for a total transaction of $4,896,032.90. Following the completion of the sale, the director now directly owns 395,504 shares of the company’s stock, valued at approximately $23,797,475.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 226,802 shares of company stock worth $13,710,035. Corporate insiders own 2.57% of the company’s stock.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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