MetLife Investment Advisors LLC Takes $2.97 Million Position in National Fuel Gas Co. (NFG)

MetLife Investment Advisors LLC purchased a new stake in National Fuel Gas Co. (NYSE:NFG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 54,148 shares of the oil and gas producer’s stock, valued at approximately $2,973,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Comerica Bank grew its stake in National Fuel Gas by 1.4% in the 4th quarter. Comerica Bank now owns 78,630 shares of the oil and gas producer’s stock valued at $4,436,000 after buying an additional 1,055 shares during the last quarter. FDx Advisors Inc. grew its stake in National Fuel Gas by 8.7% in the 4th quarter. FDx Advisors Inc. now owns 13,274 shares of the oil and gas producer’s stock valued at $729,000 after buying an additional 1,066 shares during the last quarter. California Public Employees Retirement System grew its stake in National Fuel Gas by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 194,623 shares of the oil and gas producer’s stock valued at $10,687,000 after buying an additional 1,071 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in National Fuel Gas by 40.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,033 shares of the oil and gas producer’s stock valued at $221,000 after buying an additional 1,155 shares during the last quarter. Finally, Windsor Capital Management LLC grew its stake in National Fuel Gas by 10.5% in the 4th quarter. Windsor Capital Management LLC now owns 12,735 shares of the oil and gas producer’s stock valued at $699,000 after buying an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 71.56% of the company’s stock.

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NFG has been the topic of a number of research reports. Sidoti upgraded shares of National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Jefferies Group upgraded shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. TheStreet upgraded shares of National Fuel Gas from a “c” rating to a “b-” rating in a research note on Friday, February 2nd. Finally, Citigroup reiterated a “neutral” rating and issued a $54.00 price target on shares of National Fuel Gas in a research note on Wednesday, March 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.60.

Shares of NYSE:NFG opened at $51.45 on Monday. National Fuel Gas Co. has a 12-month low of $48.31 and a 12-month high of $61.20. The company has a market cap of $4,414.51, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 5.01 and a beta of 0.96. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 1.12.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.21. National Fuel Gas had a net margin of 24.93% and a return on equity of 16.36%. The firm had revenue of $419.66 million for the quarter, compared to analyst estimates of $453.61 million. During the same quarter in the prior year, the business posted $1.04 EPS. The business’s revenue was down .7% compared to the same quarter last year. equities analysts expect that National Fuel Gas Co. will post 3.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.415 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.23%. National Fuel Gas’s payout ratio is presently 50.30%.

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National Fuel Gas Company Profile

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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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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