SG Americas Securities LLC Acquires 9,219 Shares of National Fuel Gas (NYSE:NFG)

SG Americas Securities LLC lifted its holdings in National Fuel Gas (NYSE:NFG) by 225.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,303 shares of the oil and gas producer’s stock after purchasing an additional 9,219 shares during the quarter. SG Americas Securities LLC’s holdings in National Fuel Gas were worth $806,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NFG. Victory Capital Management Inc. raised its holdings in shares of National Fuel Gas by 46.5% in the second quarter. Victory Capital Management Inc. now owns 1,732,969 shares of the oil and gas producer’s stock valued at $93,910,000 after buying an additional 550,153 shares during the last quarter. AQR Capital Management LLC raised its holdings in National Fuel Gas by 159.5% during the 2nd quarter. AQR Capital Management LLC now owns 880,434 shares of the oil and gas producer’s stock worth $47,711,000 after purchasing an additional 541,176 shares during the last quarter. Equity Investment Corp raised its holdings in National Fuel Gas by 27.7% during the 1st quarter. Equity Investment Corp now owns 1,242,186 shares of the oil and gas producer’s stock worth $66,730,000 after purchasing an additional 269,441 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in National Fuel Gas by 194.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 378,588 shares of the oil and gas producer’s stock worth $20,516,000 after purchasing an additional 249,967 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in National Fuel Gas by 262.5% during the 2nd quarter. Mackenzie Financial Corp now owns 318,078 shares of the oil and gas producer’s stock worth $17,237,000 after purchasing an additional 230,332 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Insider Activity at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the completion of the transaction, the general counsel now directly owns 8,203 shares in the company, valued at approximately $498,496.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.55% of the stock is owned by insiders.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $60.36 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.77 and a quick ratio of 0.65. The stock has a market cap of $5.51 billion, a PE ratio of 17.50 and a beta of 0.62. The stock has a 50-day moving average of $59.63 and a 200-day moving average of $56.80. National Fuel Gas has a one year low of $45.32 and a one year high of $61.56.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $540.62 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. National Fuel Gas’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. As a group, sell-side analysts expect that National Fuel Gas will post 5.05 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.515 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.06 annualized dividend and a dividend yield of 3.41%. National Fuel Gas’s dividend payout ratio is presently 59.71%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NFG shares. JPMorgan Chase & Co. dropped their price objective on National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday. Finally, Scotiabank boosted their price objective on National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th.

National Fuel Gas 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.