SG Americas Securities LLC Boosts Stake in National Fuel Gas (NYSE:NFG)

SG Americas Securities LLC lifted its stake in National Fuel Gas (NYSE:NFGGet Rating) by 25.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,049 shares of the oil and gas producer’s stock after purchasing an additional 2,408 shares during the period. SG Americas Securities LLC’s holdings in National Fuel Gas were worth $828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in National Fuel Gas by 6,868.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,305,529 shares of the oil and gas producer’s stock worth $83,253,000 after buying an additional 1,286,795 shares during the period. Mackenzie Financial Corp boosted its holdings in National Fuel Gas by 116.1% in the 4th quarter. Mackenzie Financial Corp now owns 408,074 shares of the oil and gas producer’s stock worth $26,092,000 after buying an additional 219,222 shares during the period. Cantor Fitzgerald Investment Advisor L.P boosted its holdings in National Fuel Gas by 101.9% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 204,018 shares of the oil and gas producer’s stock worth $14,016,000 after buying an additional 102,944 shares during the period. CWM LLC bought a new position in National Fuel Gas in the 4th quarter worth $4,924,000. Finally, DekaBank Deutsche Girozentrale bought a new position in National Fuel Gas in the 4th quarter worth $4,877,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $72.34 on Tuesday. The firm’s 50-day moving average price is $68.75 and its 200-day moving average price is $66.95. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.82 and a beta of 0.68. National Fuel Gas has a 12-month low of $50.05 and a 12-month high of $75.97.

National Fuel Gas (NYSE:NFGGet Rating) last announced its earnings results on Thursday, May 5th. The oil and gas producer reported $1.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.68. The firm had revenue of $701.72 million for the quarter, compared to analysts’ expectations of $652.28 million. National Fuel Gas had a net margin of 23.67% and a return on equity of 23.85%. The business’s revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 EPS. On average, equities research analysts anticipate that National Fuel Gas will post 5.79 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.475 dividend. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, June 29th. National Fuel Gas’s dividend payout ratio is 36.89%.

Insider Buying and Selling

In related news, COO Ronald C. Kraemer sold 1,390 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $70.00, for a total value of $97,300.00. Following the sale, the chief operating officer now directly owns 45,995 shares of the company’s stock, valued at approximately $3,219,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James increased their price objective on shares of National Fuel Gas from $76.00 to $86.00 in a report on Friday, June 10th. The Goldman Sachs Group dropped their price objective on shares of National Fuel Gas from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, July 5th. Finally, Scotiabank reissued an “assumes” rating on shares of National Fuel Gas in a report on Monday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.67.

National Fuel Gas Profile

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

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