National Fuel Gas Co. (NYSE:NFG) Director Philip C. Ackerman sold 127,828 shares of National Fuel Gas stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $60.64, for a total transaction of $7,751,489.92. Following the sale, the director now owns 278,464 shares of the company’s stock, valued at $16,886,056.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of National Fuel Gas Co. (NYSE:NFG) opened at 60.45 on Tuesday. The stock’s market capitalization is $5.16 billion. National Fuel Gas Co. has a one year low of $47.49 and a one year high of $61.25. The stock’s 50 day moving average is $59.27 and its 200-day moving average is $56.46.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.17. The business earned $422.50 million during the quarter, compared to the consensus estimate of $441.48 million. National Fuel Gas had a negative net margin of 0.86% and a positive return on equity of 18.34%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, equities research analysts expect that National Fuel Gas Co. will post $3.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, March 29th. National Fuel Gas’s payout ratio is currently -1,012.50%.
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A number of brokerages have recently commented on NFG. Scotiabank reiterated a “hold” rating and set a $60.00 price target on shares of National Fuel Gas in a report on Monday, February 6th. Zacks Investment Research downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Wednesday, February 15th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. National Fuel Gas has an average rating of “Hold” and an average price target of $63.25.
A number of large investors have recently bought and sold shares of NFG. JPMorgan Chase & Co. increased its stake in National Fuel Gas by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,958,110 shares of the company’s stock valued at $214,015,000 after buying an additional 181,812 shares during the last quarter. Robshaw & Julian Associates Inc. increased its stake in National Fuel Gas by 0.6% in the third quarter. Robshaw & Julian Associates Inc. now owns 83,435 shares of the company’s stock valued at $4,511,000 after buying an additional 475 shares during the last quarter. Federated Investors Inc. PA increased its stake in National Fuel Gas by 10.4% in the fourth quarter. Federated Investors Inc. PA now owns 52,663 shares of the company’s stock valued at $2,984,000 after buying an additional 4,969 shares during the last quarter. River Road Asset Management LLC increased its stake in National Fuel Gas by 10.1% in the third quarter. River Road Asset Management LLC now owns 1,376,934 shares of the company’s stock valued at $74,451,000 after buying an additional 126,611 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in National Fuel Gas by 4.6% in the third quarter. Teachers Advisors LLC now owns 238,880 shares of the company’s stock valued at $12,916,000 after buying an additional 10,442 shares during the last quarter. 64.97% of the stock is owned by institutional investors and hedge funds.
About National Fuel Gas
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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