National Fuel Gas Company $NFG Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in National Fuel Gas Company (NYSE:NFG) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 331,089 shares of the oil and gas producer’s stock after buying an additional 22,077 shares during the quarter. ProShare Advisors LLC’s holdings in National Fuel Gas were worth $25,116,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System boosted its position in shares of National Fuel Gas by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 24,910 shares of the oil and gas producer’s stock valued at $1,923,000 after acquiring an additional 122 shares in the last quarter. Herold Advisors Inc. raised its position in National Fuel Gas by 3.6% in the third quarter. Herold Advisors Inc. now owns 4,343 shares of the oil and gas producer’s stock worth $329,000 after purchasing an additional 150 shares in the last quarter. Parkside Financial Bank & Trust raised its position in National Fuel Gas by 3.5% in the second quarter. Parkside Financial Bank & Trust now owns 4,541 shares of the oil and gas producer’s stock worth $351,000 after purchasing an additional 155 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in National Fuel Gas by 1.4% during the third quarter. Crossmark Global Holdings Inc. now owns 11,371 shares of the oil and gas producer’s stock worth $863,000 after purchasing an additional 160 shares during the period. Finally, Inspire Investing LLC lifted its stake in National Fuel Gas by 5.3% during the first quarter. Inspire Investing LLC now owns 3,465 shares of the oil and gas producer’s stock worth $326,000 after purchasing an additional 174 shares during the period. 73.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NFG. Weiss Ratings raised National Fuel Gas from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. KeyCorp reissued an “overweight” rating on shares of National Fuel Gas in a report on Monday, August 31st. Finally, Wall Street Zen downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

National Fuel Gas Stock Up 0.2%

Shares of NYSE:NFG opened at $79.70 on Tuesday. The company’s fifty day moving average is $80.26 and its 200-day moving average is $83.35. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.07 and a current ratio of 3.20. National Fuel Gas Company has a 52 week low of $75.03 and a 52 week high of $97.06. The company has a market capitalization of $7.57 billion, a PE ratio of 11.07, a P/E/G ratio of 1.78 and a beta of 0.40.

National Fuel Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.5550 per share. This represents a $2.22 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 30.83%.

National Fuel Gas Profile

National Fuel Gas Company (NYSE:NFG) is a diversified energy company engaged in the exploration, production, gathering, transportation, storage and distribution of natural gas. Its operations span the natural gas value chain, with an emphasis on resources and infrastructure in the Appalachian Basin.

Through its exploration and production business, National Fuel develops natural gas reserves primarily in the Marcellus Shale of Pennsylvania. Its pipeline and storage operations transport and store natural gas for utilities, marketers and other customers, while its gathering systems connect production wells to larger transmission networks.

National Fuel also operates a regulated natural gas utility that distributes gas to residential, commercial and industrial customers in portions of western New York and northwestern Pennsylvania.