Bokf Na Buys 2,120 Shares of National Fuel Gas (NYSE:NFG)

Bokf Na increased its stake in National Fuel Gas (NYSE:NFG) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,562 shares of the oil and gas producer’s stock after acquiring an additional 2,120 shares during the period. Bokf Na’s holdings in National Fuel Gas were worth $2,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC bought a new stake in shares of National Fuel Gas in the 1st quarter valued at about $28,000. Blue Trust Inc. lifted its stake in shares of National Fuel Gas by 119.8% in the 4th quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 309 shares during the last quarter. Quent Capital LLC lifted its stake in shares of National Fuel Gas by 166.4% in the 4th quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock valued at $35,000 after acquiring an additional 431 shares during the last quarter. Lindbrook Capital LLC increased its holdings in National Fuel Gas by 123.0% during the 1st quarter. Lindbrook Capital LLC now owns 767 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 423 shares during the period. Finally, LifeSteps Financial Inc. purchased a new position in National Fuel Gas during the 1st quarter valued at about $46,000. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank boosted their price target on National Fuel Gas from $75.00 to $80.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th.

Insider Transactions at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 6,357 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $54.83, for a total value of $348,554.31. Following the sale, the general counsel now directly owns 9,903 shares of the company’s stock, valued at approximately $542,981.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.

National Fuel Gas Trading Up 0.9 %

NYSE:NFG traded up $0.51 during mid-day trading on Friday, reaching $57.92. 573,306 shares of the company’s stock traded hands, compared to its average volume of 552,601. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $58.60. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 11.49 and a beta of 0.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.58 and a quick ratio of 0.50. The company has a 50 day moving average price of $55.75 and a 200-day moving average price of $52.80.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.38. National Fuel Gas had a return on equity of 15.06% and a net margin of 23.84%. The firm had revenue of $629.94 million for the quarter, compared to the consensus estimate of $767.33 million. During the same quarter in the prior year, the business earned $1.54 EPS. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, sell-side analysts predict that National Fuel Gas will post 5.11 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.515 dividend. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.50. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Friday, June 28th. National Fuel Gas’s payout ratio is currently 40.87%.

About National Fuel Gas

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.