Mutual of America Capital Management LLC Reduces Holdings in National Fuel Gas (NYSE:NFG)

Mutual of America Capital Management LLC decreased its holdings in shares of National Fuel Gas (NYSE:NFG) by 3.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 54,892 shares of the oil and gas producer’s stock after selling 1,843 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of National Fuel Gas worth $2,949,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NFG. American Century Companies Inc. grew its stake in shares of National Fuel Gas by 455.3% during the third quarter. American Century Companies Inc. now owns 139,690 shares of the oil and gas producer’s stock worth $7,251,000 after acquiring an additional 114,535 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of National Fuel Gas by 98.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 30,651 shares of the oil and gas producer’s stock worth $1,591,000 after purchasing an additional 15,169 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 worth $684,699,000 after purchasing an additional 311,599 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of National Fuel Gas by 5.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 193,209 shares of the oil and gas producer’s stock worth $9,693,000 after purchasing an additional 9,692 shares during the period. Finally, Tompkins Financial Corp acquired a new stake in shares of National Fuel Gas during the fourth quarter worth about $572,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Up 2.0 %

Shares of NYSE:NFG opened at $56.83 on Friday. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $57.60. The company has a market capitalization of $5.22 billion, a PE ratio of 11.28 and a beta of 0.62. The business has a 50 day moving average of $55.52 and a two-hundred day moving average of $52.30. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 earnings per share (EPS) for the quarter, beating 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 company had revenue of $629.94 million during the quarter, compared to the consensus estimate of $767.33 million. During the same period in the previous year, the company posted $1.54 earnings per share. National Fuel Gas’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, analysts forecast that National Fuel Gas will post 5.18 EPS for the current year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.515 dividend. The ex-dividend date is Friday, June 28th. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.50. This represents a $2.06 dividend on an annualized basis and a yield of 3.62%. National Fuel Gas’s payout ratio is presently 40.87%.

Analyst Ratings Changes

A number of equities research analysts recently commented on NFG shares. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Scotiabank lifted their target price on National Fuel Gas from $75.00 to $80.00 and gave the stock a “sector outperform” rating in a report on Friday.

Insider Buying and Selling at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 6,357 shares of the company’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 transaction of $348,554.31. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. 1.55% of the stock is currently owned by corporate insiders.

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.