National Fuel Gas (NYSE:NFG) Holdings Decreased by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. decreased its position in shares of National Fuel Gas (NYSE:NFG) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,036 shares of the oil and gas producer’s stock after selling 4,979 shares during the period. National Fuel Gas accounts for approximately 1.0% of Cutter & CO Brokerage Inc.’s portfolio, making the stock its 22nd biggest position. Cutter & CO Brokerage Inc. owned about 0.08% of National Fuel Gas worth $3,514,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in National Fuel Gas by 26.7% during the fourth quarter. Nordea Investment Management AB now owns 103,314 shares of the oil and gas producer’s stock valued at $5,142,000 after purchasing an additional 21,748 shares during the last quarter. Vanguard Group Inc. boosted its position in National Fuel Gas by 2.4% during the third quarter. Vanguard Group Inc. now owns 13,190,115 shares of the oil and gas producer’s stock valued at $684,699,000 after purchasing an additional 311,599 shares during the last quarter. Cullen Investment Group LTD. acquired a new stake in National Fuel Gas during the fourth quarter valued at $1,674,000. Mackenzie Financial Corp boosted its position in National Fuel Gas by 12.9% during the fourth quarter. Mackenzie Financial Corp now owns 298,410 shares of the oil and gas producer’s stock valued at $14,971,000 after purchasing an additional 34,156 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of National Fuel Gas by 16.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,516 shares of the oil and gas producer’s stock worth $377,000 after buying an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NFG shares. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Scotiabank increased their price target on National Fuel Gas from $67.00 to $72.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th.

National Fuel Gas Trading Up 0.3 %

NYSE:NFG traded up $0.18 during trading hours on Tuesday, hitting $53.75. 537,901 shares of the stock were exchanged, compared to its average volume of 574,359. The company’s 50 day moving average is $51.36 and its two-hundred day moving average is $50.83. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $56.67. The company has a quick ratio of 0.47, a current ratio of 0.56 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $4.95 billion, a P/E ratio of 11.27 and a beta of 0.63.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, February 8th. The oil and gas producer reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.14. The company had revenue of $525.36 million for the quarter, compared to the consensus estimate of $664.57 million. National Fuel Gas had a return on equity of 14.81% and a net margin of 21.58%. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 EPS. On average, sell-side analysts anticipate that National Fuel Gas will post 4.87 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Wednesday, March 27th. National Fuel Gas’s dividend payout ratio is currently 41.51%.

National Fuel Gas Company Profile

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.