Hartford Financial Management Inc. grew its holdings in National Fuel Gas Co. (NYSE:NFG) by 2.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 20,142 shares of the oil and gas producer’s stock after buying an additional 509 shares during the quarter. Hartford Financial Management Inc.’s holdings in National Fuel Gas were worth $1,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Moors & Cabot Inc. grew its holdings in shares of National Fuel Gas by 166.3% in the second quarter. Moors & Cabot Inc. now owns 10,120 shares of the oil and gas producer’s stock valued at $535,000 after purchasing an additional 6,320 shares during the period. Summit Global Investments grew its holdings in shares of National Fuel Gas by 1.4% in the first quarter. Summit Global Investments now owns 198,593 shares of the oil and gas producer’s stock valued at $12,106,000 after purchasing an additional 2,733 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of National Fuel Gas in the first quarter valued at about $201,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of National Fuel Gas by 2.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 241,352 shares of the oil and gas producer’s stock valued at $14,713,000 after purchasing an additional 5,820 shares during the period. Finally, CNB Bank grew its holdings in shares of National Fuel Gas by 332.4% in the first quarter. CNB Bank now owns 921 shares of the oil and gas producer’s stock valued at $56,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 73.61% of the company’s stock.

Shares of NFG opened at $47.32 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.02 and a quick ratio of 0.88. National Fuel Gas Co. has a 12-month low of $45.79 and a 12-month high of $61.71. The firm has a 50-day moving average price of $50.20. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 4.79 and a beta of 0.80.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company had revenue of $357.20 million during the quarter, compared to analyst estimates of $400.88 million. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. National Fuel Gas’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. As a group, equities analysts anticipate that National Fuel Gas Co. will post 3.54 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Thursday, June 27th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.43. National Fuel Gas’s dividend payout ratio (DPR) is 52.10%.

A number of equities research analysts recently issued reports on NFG shares. ValuEngine lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Thursday, July 18th. TheStreet lowered shares of National Fuel Gas from a “b” rating to a “c+” rating in a report on Friday, July 19th. Finally, Zacks Investment Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price objective for the company in a report on Thursday, August 8th.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

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

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