GAM Holding AG Trims Stock Holdings in National Fuel Gas Co. (NYSE:NFG)

GAM Holding AG decreased its position in National Fuel Gas Co. (NYSE:NFG) by 2.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,260 shares of the oil and gas producer’s stock after selling 463 shares during the period. GAM Holding AG’s holdings in National Fuel Gas were worth $1,113,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NFG. Vanguard Group Inc lifted its position 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 buying an additional 607,091 shares in the last quarter. Strs Ohio acquired a new stake in shares of National Fuel Gas during the 4th quarter worth about $465,000. Crossmark Global Holdings Inc. increased its position in shares of National Fuel Gas by 17.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,932 shares of the oil and gas producer’s stock worth $508,000 after purchasing an additional 1,480 shares during the last quarter. Rhumbline Advisers increased its position in shares of National Fuel Gas by 54.2% during the 4th quarter. Rhumbline Advisers now owns 234,791 shares of the oil and gas producer’s stock worth $12,017,000 after purchasing an additional 82,556 shares during the last quarter. Finally, Dupont Capital Management Corp grew its position in National Fuel Gas by 132.4% in the 4th quarter. Dupont Capital Management Corp now owns 7,669 shares of the oil and gas producer’s stock valued at $392,000 after acquiring an additional 4,369 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Several equities analysts have weighed in on NFG shares. US Capital Advisors downgraded National Fuel Gas from an “overweight” rating to a “hold” rating in a research report on Monday, March 18th. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th.

NYSE NFG traded up $0.37 during trading on Monday, hitting $53.12. The stock had a trading volume of 571,606 shares, compared to its average volume of 504,938. The company has a market capitalization of $4.58 billion, a P/E ratio of 15.90, a PEG ratio of 5.37 and a beta of 0.84. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 1.07. The business’s 50 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.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.08). The company had revenue of $552.54 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. On average, equities research analysts forecast that National Fuel Gas Co. will post 3.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, June 27th. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.43. National Fuel Gas’s dividend payout ratio (DPR) is presently 52.10%.

About National Fuel Gas

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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