Shares of National Fuel Gas Co. (NYSE:NFG) hit a new 52-week high on Friday . The company traded as high as $60.91 and last traded at $61.13, with a volume of 6577 shares trading hands. The stock had previously closed at $60.42.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a research report on Monday, December 10th. Finally, ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $66.00.
The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $5.21 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 6.16 and a beta of 0.88.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, January 31st. The oil and gas producer reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. The company had revenue of $490.25 million for the quarter, compared to analysts’ expectations of $477.76 million. National Fuel Gas had a return on equity of 15.26% and a net margin of 17.77%. On average, equities analysts forecast that National Fuel Gas Co. will post 3.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, March 28th. National Fuel Gas’s payout ratio is presently 50.90%.
In other news, Director David F. Smith sold 9,700 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $58.24, for a total transaction of $564,928.00. Following the sale, the director now owns 363,168 shares in the company, valued at $21,150,904.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paula M. Ciprich sold 10,227 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $60.42, for a total value of $617,915.34. Following the sale, the vice president now owns 73,702 shares in the company, valued at approximately $4,453,074.84. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in National Fuel Gas by 1.4% in the fourth quarter. American Century Companies Inc. now owns 233,851 shares of the oil and gas producer’s stock valued at $11,968,000 after acquiring an additional 3,145 shares during the last quarter. Geode Capital Management LLC boosted its holdings in National Fuel Gas by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock valued at $44,823,000 after acquiring an additional 31,628 shares during the last quarter. Norges Bank bought a new position in National Fuel Gas in the fourth quarter valued at about $42,217,000. Financial Advocates Investment Management boosted its holdings in National Fuel Gas by 22,432.4% in the fourth quarter. Financial Advocates Investment Management now owns 66,020 shares of the oil and gas producer’s stock valued at $938,000 after acquiring an additional 65,727 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in National Fuel Gas by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 476,116 shares of the oil and gas producer’s stock valued at $24,367,000 after acquiring an additional 25,135 shares during the last quarter. Institutional investors and hedge funds own 73.25% of the company’s stock.
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About National Fuel Gas (NYSE:NFG)
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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