Northwestern Mutual Investment Management Company LLC Has $834,000 Stake in National Fuel Gas Company (NYSE:NFG)

Northwestern Mutual Investment Management Company LLC cut its position in National Fuel Gas Company (NYSE:NFG) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,663 shares of the oil and gas producer’s stock after selling 42 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in National Fuel Gas were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp boosted its holdings in shares of National Fuel Gas by 87.3% in the 1st quarter. Fifth Third Bancorp now owns 2,841 shares of the oil and gas producer’s stock valued at $169,000 after buying an additional 1,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of National Fuel Gas by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after buying an additional 445 shares in the last quarter. Cadence Capital Management LLC acquired a new position in shares of National Fuel Gas in the 2nd quarter valued at $209,000. Meadow Creek Investment Management LLC boosted its holdings in shares of National Fuel Gas by 43.6% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,792 shares of the oil and gas producer’s stock valued at $226,000 after buying an additional 1,152 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of National Fuel Gas in the 1st quarter valued at $237,000. 71.78% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on NFG. Jefferies Group LLC restated a “hold” rating and issued a $54.00 target price (up previously from $52.00) on shares of National Fuel Gas in a report on Friday, September 1st. Scotiabank set a $60.00 target price on shares of National Fuel Gas and gave the company a “hold” rating in a report on Tuesday, August 22nd. BidaskClub cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. Finally, ValuEngine cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating, National Fuel Gas presently has an average rating of “Hold” and an average price target of $59.67.

Shares of National Fuel Gas Company (NYSE:NFG) opened at 56.61 on Friday. The firm has a market cap of $4.84 billion, a PE ratio of 17.63 and a beta of 0.98. National Fuel Gas Company has a 52 week low of $50.61 and a 52 week high of $61.25. The company’s 50-day moving average is $58.37 and its 200-day moving average is $57.57.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The firm had revenue of $348.37 million during the quarter, compared to analyst estimates of $373.86 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Analysts forecast that National Fuel Gas Company will post $3.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.415 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.66 annualized dividend and a yield of 2.93%. National Fuel Gas’s payout ratio is 51.71%.

ILLEGAL ACTIVITY WARNING: “Northwestern Mutual Investment Management Company LLC Has $834,000 Stake in National Fuel Gas Company (NYSE:NFG)” was reported by BBNS and is the property of of BBNS. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://baseballnewssource.com/markets/national-fuel-gas-company-nfg-shares-sold-by-northwestern-mutual-investment-management-company-llc/1611545.html.

About National Fuel Gas

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

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

Receive News & Ratings for National Fuel Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Company and related companies with our FREE daily email newsletter.

 


Latest News

Bryce Harper Hoping to Return Monday from Knee Injury
Bryce Harper Hoping to Return Monday from Knee Injury
American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?


Leave a Reply

 
© 2006-2017 BBNS.