Mackenzie Financial Corp Has $63.07 Million Stock Holdings in National Fuel Gas Company $NFG

Mackenzie Financial Corp raised its stake in shares of National Fuel Gas Company (NYSE:NFG) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 744,536 shares of the oil and gas producer’s stock after purchasing an additional 28,891 shares during the quarter. Mackenzie Financial Corp owned 0.82% of National Fuel Gas worth $63,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NFG. Norges Bank bought a new position in shares of National Fuel Gas during the 2nd quarter worth approximately $91,964,000. LSV Asset Management grew its position in National Fuel Gas by 29.6% in the first quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer’s stock valued at $170,515,000 after acquiring an additional 491,890 shares during the period. Invesco Ltd. raised its stake in National Fuel Gas by 93.7% during the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer’s stock worth $75,315,000 after acquiring an additional 460,100 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of National Fuel Gas during the second quarter valued at $27,050,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of National Fuel Gas in the 1st quarter valued at $20,892,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NFG shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday, November 24th. Wall Street Zen lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Scotiabank cut shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $102.00 to $106.00 in a research note on Thursday, October 9th. Finally, Zacks Research lowered National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, National Fuel Gas currently has an average rating of “Hold” and a consensus target price of $98.00.

National Fuel Gas Trading Up 1.0%

Shares of NYSE NFG opened at $82.45 on Friday. National Fuel Gas Company has a 1-year low of $59.01 and a 1-year high of $94.13. The company has a 50-day moving average of $83.94 and a two-hundred day moving average of $84.80. The company has a market cap of $7.45 billion, a PE ratio of 31.00, a P/E/G ratio of 0.45 and a beta of 0.57. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The business had revenue of $466.28 million during the quarter, compared to analyst estimates of $534.57 million. During the same quarter last year, the business posted $0.77 earnings per share. National Fuel Gas’s revenue for the quarter was up 22.7% compared to the same quarter last year. As a group, equities analysts expect that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.535 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.6%. National Fuel Gas’s payout ratio is presently 37.68%.

About National Fuel Gas

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.