First Trust Advisors LP Purchases 642,750 Shares of National Fuel Gas Co. (NYSE:NFG)

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First Trust Advisors LP grew its position in shares of National Fuel Gas Co. (NYSE:NFG) by 91.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,343,757 shares of the oil and gas producer’s stock after acquiring an additional 642,750 shares during the period. First Trust Advisors LP owned about 1.56% of National Fuel Gas worth $63,049,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in National Fuel Gas by 4.2% in the second quarter. BlackRock Inc. now owns 8,236,338 shares of the oil and gas producer’s stock worth $434,467,000 after buying an additional 333,562 shares in the last quarter. LSV Asset Management raised its stake in National Fuel Gas by 95.4% in the second quarter. LSV Asset Management now owns 2,852,626 shares of the oil and gas producer’s stock worth $150,476,000 after buying an additional 1,392,847 shares in the last quarter. Invesco Ltd. raised its stake in National Fuel Gas by 9.6% in the second quarter. Invesco Ltd. now owns 1,528,716 shares of the oil and gas producer’s stock worth $80,640,000 after buying an additional 134,306 shares in the last quarter. Bank of New York Mellon Corp raised its stake in National Fuel Gas by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,140,588 shares of the oil and gas producer’s stock worth $60,166,000 after buying an additional 5,297 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in National Fuel Gas by 8.3% in the second quarter. Bank of America Corp DE now owns 695,725 shares of the oil and gas producer’s stock worth $36,699,000 after buying an additional 53,576 shares in the last quarter. 72.68% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on NFG shares. ValuEngine raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group raised shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, October 15th. TheStreet downgraded shares of National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of 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, Citigroup decreased their price target on shares of National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $47.00.

NFG stock opened at $46.66 on Friday. National Fuel Gas Co. has a 1 year low of $42.98 and a 1 year high of $61.71. The firm has a 50-day moving average of $45.68 and a 200 day moving average of $50.45. The company has a market cap of $3.98 billion, a P/E ratio of 13.52, a PEG ratio of 5.36 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.85 and a quick ratio of 0.67.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, October 31st. The oil and gas producer reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. National Fuel Gas had a net margin of 17.97% and a return on equity of 14.40%. The business had revenue of $293.34 million during the quarter, compared to the consensus estimate of $336.30 million. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts expect that National Fuel Gas Co. will post 3.08 earnings per share for the current fiscal year.

The firm also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.435 per share. This represents a dividend yield of 3.6%. The ex-dividend date was Friday, September 27th. National Fuel Gas’s dividend payout ratio is 50.43%.

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

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