South Dakota Investment Council Sells 1,600 Shares of National Fuel Gas (NYSE:NFG)

South Dakota Investment Council decreased its holdings in shares of National Fuel Gas (NYSE:NFGFree Report) by 2.1% in the third quarter, HoldingsChannel reports. The firm owned 73,490 shares of the oil and gas producer’s stock after selling 1,600 shares during the quarter. South Dakota Investment Council’s holdings in National Fuel Gas were worth $3,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in National Fuel Gas by 184.5% during the 2nd quarter. IFP Advisors Inc now owns 9,716 shares of the oil and gas producer’s stock valued at $737,000 after purchasing an additional 6,301 shares during the last quarter. Trilogy Capital Inc. raised its position in shares of National Fuel Gas by 10.2% in the 2nd quarter. Trilogy Capital Inc. now owns 5,876 shares of the oil and gas producer’s stock worth $305,000 after acquiring an additional 546 shares in the last quarter. Smith Moore & CO. raised its position in shares of National Fuel Gas by 1.5% in the 2nd quarter. Smith Moore & CO. now owns 20,189 shares of the oil and gas producer’s stock worth $1,037,000 after acquiring an additional 305 shares in the last quarter. Signaturefd LLC raised its position in shares of National Fuel Gas by 36.4% in the 2nd quarter. Signaturefd LLC now owns 3,729 shares of the oil and gas producer’s stock worth $192,000 after acquiring an additional 996 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of National Fuel Gas by 2,307.5% in the 3rd quarter. Victory Capital Management Inc. now owns 727,659 shares of the oil and gas producer’s stock worth $37,773,000 after acquiring an additional 697,434 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

National Fuel Gas Stock Up 0.2 %

NFG stock opened at $47.84 on Wednesday. National Fuel Gas has a twelve month low of $46.58 and a twelve month high of $60.81. The company has a quick ratio of 0.41, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. The firm has a market cap of $4.41 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.65. The business has a 50 day moving average of $50.03 and a 200 day moving average of $51.74.

National Fuel Gas (NYSE:NFGGet Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company had revenue of $368.95 million for the quarter, compared to the consensus estimate of $475.08 million. National Fuel Gas had a net margin of 21.94% and a return on equity of 16.86%. The firm’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period last year, the business earned $1.19 EPS. On average, research analysts forecast that National Fuel Gas will post 4.74 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Thursday, December 28th. National Fuel Gas’s payout ratio is 38.30%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Friday, January 26th.

Get Our Latest Report on National Fuel Gas

National Fuel Gas Profile

(Free Report)

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.

See Also

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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