Keybank National Association OH Has $2.68 Million Stake in National Fuel Gas Company $NFG

Keybank National Association OH reduced its holdings in National Fuel Gas Company (NYSE:NFG) by 23.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,513 shares of the oil and gas producer’s stock after selling 8,846 shares during the quarter. Keybank National Association OH’s holdings in National Fuel Gas were worth $2,679,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NFG. Price T Rowe Associates Inc. MD boosted its stake in National Fuel Gas by 653.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock valued at $126,718,000 after purchasing an additional 1,372,742 shares during the period. Norges Bank bought a new position in shares of National Fuel Gas during the 4th quarter worth about $92,415,000. AQR Capital Management LLC boosted its position in shares of National Fuel Gas by 103.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock valued at $197,501,000 after acquiring an additional 1,087,067 shares in the last quarter. Yaupon Capital Management LP boosted its position in shares of National Fuel Gas by 521.0% during the 4th quarter. Yaupon Capital Management LP now owns 1,105,979 shares of the oil and gas producer’s stock valued at $88,545,000 after acquiring an additional 927,873 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in National Fuel Gas in the first quarter valued at about $63,863,000. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. KeyCorp began coverage on National Fuel Gas in a research note on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Weiss Ratings cut National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $106.00.

National Fuel Gas Stock Down 0.2%

NFG opened at $79.19 on Monday. The firm’s 50-day simple moving average is $79.78 and its 200-day simple moving average is $84.55. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.62. National Fuel Gas Company has a twelve month low of $75.17 and a twelve month high of $97.06. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.74 and a beta of 0.37.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.14). The firm had revenue of $858.37 million for the quarter, compared to the consensus estimate of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.39 earnings per share. Equities research analysts anticipate that National Fuel Gas Company will post 7.58 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 annualized dividend and a dividend yield of 2.8%. National Fuel Gas’s dividend payout ratio (DPR) is 30.04%.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.