National Fuel Gas (NYSE:NFG - Get Free Report) General Counsel Michael W. Reville sold 450 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $52.72, for a total value of $23,724.00. Following the completion of the transaction, the general counsel now directly owns 16,260 shares in the company, valued at $857,227.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
National Fuel Gas Stock Up 1.4 %
National Fuel Gas stock opened at $53.71 on Friday. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.64 and a beta of 0.62. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $58.25. The business's 50-day moving average price is $49.27 and its 200 day moving average price is $50.77. The company has a quick ratio of 0.47, a current ratio of 0.56 and a debt-to-equity ratio of 0.75.
National Fuel Gas (NYSE:NFG - Get Free Report) last posted its earnings results on Thursday, February 8th. The oil and gas producer reported $1.46 EPS for the quarter, topping the consensus estimate of $1.32 by $0.14. The firm had revenue of $525.36 million for the quarter, compared to analyst estimates of $664.57 million. National Fuel Gas had a return on equity of 14.81% and a net margin of 21.58%. National Fuel Gas's revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. As a group, sell-side analysts anticipate that National Fuel Gas will post 5.19 earnings per share for the current year.
National Fuel Gas Dividend Announcement
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The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 3.69%. The ex-dividend date is Wednesday, March 27th. National Fuel Gas's dividend payout ratio (DPR) is 41.51%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised National Fuel Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 20th.
Read Our Latest Research Report on National Fuel Gas
Institutional Trading of National Fuel Gas
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd grew its holdings in National Fuel Gas by 49.0% during the fourth quarter. Quadrature Capital Ltd now owns 16,265 shares of the oil and gas producer's stock worth $816,000 after acquiring an additional 5,352 shares during the period. Price T Rowe Associates Inc. MD boosted its position in National Fuel Gas by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 74,714 shares of the oil and gas producer's stock worth $3,749,000 after purchasing an additional 5,715 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in National Fuel Gas by 51.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 590,049 shares of the oil and gas producer's stock worth $29,603,000 after purchasing an additional 199,843 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in National Fuel Gas during the fourth quarter worth approximately $40,000. Finally, Public Employees Retirement System of Ohio boosted its position in National Fuel Gas by 4.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 44,501 shares of the oil and gas producer's stock worth $2,233,000 after purchasing an additional 1,935 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
National Fuel Gas Company Profile
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Get Free Report)
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.
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