Tortoise Index Solutions LLC Buys 666 Shares of National Fuel Gas Co. (NYSE:NFG)

Tortoise Index Solutions LLC raised its stake in National Fuel Gas Co. (NYSE:NFG) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,615 shares of the oil and gas producer’s stock after purchasing an additional 666 shares during the quarter. National Fuel Gas comprises about 1.7% of Tortoise Index Solutions LLC’s investment portfolio, making the stock its 14th biggest position. Tortoise Index Solutions LLC owned 0.11% of National Fuel Gas worth $5,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of NFG. Vanguard Group Inc grew its holdings in shares of National Fuel Gas by 7.7% during the 3rd quarter. Vanguard Group Inc now owns 8,478,951 shares of the oil and gas producer’s stock valued at $475,330,000 after acquiring an additional 607,091 shares in the last quarter. BlackRock Inc. grew its holdings in shares of National Fuel Gas by 4.9% during the 4th quarter. BlackRock Inc. now owns 7,887,052 shares of the oil and gas producer’s stock valued at $403,661,000 after acquiring an additional 365,622 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of National Fuel Gas by 5,018.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 1,698,894 shares in the last quarter. LSV Asset Management grew its holdings in shares of National Fuel Gas by 185.3% during the 1st quarter. LSV Asset Management now owns 1,459,779 shares of the oil and gas producer’s stock valued at $88,988,000 after acquiring an additional 948,120 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of National Fuel Gas by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock valued at $44,823,000 after acquiring an additional 31,628 shares in the last quarter. Institutional investors and hedge funds own 73.56% of the company’s stock.

National Fuel Gas stock traded up $0.88 on Friday, reaching $52.75. 922,091 shares of the stock were exchanged, compared to its average volume of 622,445. The company’s fifty day moving average is $55.05. National Fuel Gas Co. has a twelve month low of $49.60 and a twelve month high of $61.71. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.17. The firm has a market cap of $4.55 billion, a PE ratio of 15.79, a PEG ratio of 5.28 and a beta of 0.89.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.08). The business had revenue of $552.54 million during the quarter, compared to the consensus estimate of $602.15 million. National Fuel Gas had a net margin of 17.57% and a return on equity of 14.99%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 EPS. Equities analysts anticipate that National Fuel Gas Co. will post 3.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 3.30%. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, June 27th. National Fuel Gas’s dividend payout ratio is currently 52.10%.

NFG has been the subject of several analyst reports. Zacks Investment Research lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating and set a $57.00 price objective for the company. in a research note on Tuesday, June 18th. US Capital Advisors lowered shares of National Fuel Gas from an “overweight” rating to a “hold” rating in a research note on Monday, March 18th.

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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