Denali Advisors LLC increased its holdings in shares of National Fuel Gas Co. (NYSE:NFG) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the oil and gas producer’s stock after purchasing an additional 28,500 shares during the quarter. National Fuel Gas makes up 1.6% of Denali Advisors LLC’s portfolio, making the stock its 12th biggest holding. Denali Advisors LLC owned approximately 0.29% of National Fuel Gas worth $11,730,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in NFG. Stonebridge Capital Advisors LLC purchased a new stake in shares of National Fuel Gas during the second quarter worth about $26,000. Prestige Wealth Management Group LLC bought a new position in National Fuel Gas during the second quarter valued at approximately $37,000. Advisory Alpha LLC bought a new position in National Fuel Gas during the first quarter valued at approximately $50,000. FinTrust Capital Advisors LLC bought a new position in National Fuel Gas during the second quarter valued at approximately $53,000. Finally, Steward Partners Investment Advisory LLC bought a new position in National Fuel Gas during the second quarter valued at approximately $69,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.
NFG has been the subject of a number of research reports. ValuEngine raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price target for the company in a research note on Thursday, August 8th. Finally, TheStreet lowered National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $357.20 million during the quarter, compared to analyst estimates of $400.88 million. National Fuel Gas had a return on equity of 14.53% and a net margin of 17.46%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 earnings per share. On average, equities analysts predict that National Fuel Gas Co. will post 3.53 EPS for the current fiscal year.
The business also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.435 dividend. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 27th. National Fuel Gas’s payout ratio is 52.10%.
National Fuel Gas Company Profile
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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