Parkside Financial Bank & Trust maintained its position in National Fuel Gas Company (NYSE:NFG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,957 shares of the oil and gas producer’s stock at the end of the second quarter. Parkside Financial Bank & Trust’s holdings in National Fuel Gas were worth $277,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in National Fuel Gas by 10.2% in the first quarter. Vanguard Group Inc. now owns 8,005,822 shares of the oil and gas producer’s stock valued at $477,307,000 after buying an additional 742,945 shares during the period. BlackRock Inc. raised its position in National Fuel Gas by 4,550.5% in the first quarter. BlackRock Inc. now owns 7,105,090 shares of the oil and gas producer’s stock valued at $423,608,000 after buying an additional 6,952,310 shares during the period. State Street Corp raised its position in National Fuel Gas by 11.2% in the first quarter. State Street Corp now owns 5,740,111 shares of the oil and gas producer’s stock worth $342,227,000 after buying an additional 575,876 shares during the last quarter. JPMorgan Chase & Co. raised its position in National Fuel Gas by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 3,981,504 shares of the oil and gas producer’s stock worth $237,377,000 after buying an additional 19,337 shares during the last quarter. Finally, Aristotle Capital Management LLC raised its position in National Fuel Gas by 4.6% in the first quarter. Aristotle Capital Management LLC now owns 3,195,059 shares of the oil and gas producer’s stock worth $190,490,000 after buying an additional 140,984 shares during the last quarter. 69.02% of the stock is currently owned by institutional investors.

National Fuel Gas Company (NYSE:NFG) traded down 0.55% during mid-day trading on Friday, hitting $58.27. The company had a trading volume of 217,061 shares. The stock’s 50 day moving average price is $57.57 and its 200 day moving average price is $57.66. The firm has a market cap of $4.98 billion, a P/E ratio of 18.15 and a beta of 0.97. National Fuel Gas Company has a 52-week low of $50.61 and a 52-week high of $61.25.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $348.37 million during the quarter, compared to analyst estimates of $373.86 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. During the same period last year, the company posted $0.68 EPS. On average, equities research analysts predict that National Fuel Gas Company will post $3.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.41. This represents a $1.66 annualized dividend and a dividend yield of 2.85%. National Fuel Gas’s dividend payout ratio (DPR) is currently 51.71%.

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A number of research analysts have recently issued reports on NFG shares. Jefferies Group LLC raised National Fuel Gas from an “underperform” rating to a “hold” rating and set a $52.00 target price on the stock in a report on Wednesday, April 19th. BidaskClub raised National Fuel Gas from a “hold” rating to a “buy” rating in a report on Monday, June 19th. TheStreet raised National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. ValuEngine lowered National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Scotiabank set a $58.00 target price on National Fuel Gas and gave the company a “hold” rating in a report on Saturday, July 1st. Six investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $58.33.

National Fuel Gas Company Profile

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)

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