First Allied Advisory Services Inc. grew its position in National Fuel Gas Company (NYSE:NFG) by 63.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,497 shares of the oil and gas producer’s stock after acquiring an additional 2,529 shares during the quarter. First Allied Advisory Services Inc.’s holdings in National Fuel Gas were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in National Fuel Gas by 4,550.5% during the 1st quarter. BlackRock Inc. now owns 7,105,090 shares of the oil and gas producer’s stock valued at $423,608,000 after purchasing an additional 6,952,310 shares during the period. Vanguard Group Inc. boosted its position in National Fuel Gas by 10.2% during the 1st quarter. Vanguard Group Inc. now owns 8,005,822 shares of the oil and gas producer’s stock valued at $477,307,000 after purchasing an additional 742,945 shares during the period. State Street Corp boosted its position in National Fuel Gas by 11.2% during the 1st quarter. State Street Corp now owns 5,740,111 shares of the oil and gas producer’s stock valued at $342,227,000 after purchasing an additional 575,876 shares during the period. JPMorgan Chase & Co. boosted its position in National Fuel Gas by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock valued at $234,778,000 after purchasing an additional 222,965 shares during the period. Finally, Aristotle Capital Management LLC boosted its position in National Fuel Gas by 4.6% during the 1st quarter. Aristotle Capital Management LLC now owns 3,195,059 shares of the oil and gas producer’s stock valued at $190,490,000 after purchasing an additional 140,984 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.

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National Fuel Gas Company (NYSE NFG) opened at 57.39 on Friday. The firm’s 50-day moving average price is $57.76 and its 200-day moving average price is $57.29. National Fuel Gas Company has a 12 month low of $50.61 and a 12 month high of $61.25. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 17.87 and a beta of 0.95.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.69. The firm had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. During the same period last year, the company earned $0.68 EPS. Equities research analysts predict that National Fuel Gas Company will post $3.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.415 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.66 dividend on an annualized basis and a yield of 2.89%. National Fuel Gas’s payout ratio is 51.71%.

A number of research firms recently issued reports on NFG. Jefferies Group LLC restated a “hold” rating and set a $52.00 price objective on shares of National Fuel Gas in a research report on Friday, July 14th. Scotiabank set a $58.00 price objective on National Fuel Gas and gave the company a “hold” rating in a research report on Saturday, July 1st. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a research report on Friday, June 16th. Finally, BidaskClub upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $57.00.

National Fuel Gas Company Profile

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

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

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