Profund Advisors LLC cut its position in National Fuel Gas Company (NYSE:NFG) by 9.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,148 shares of the oil and gas producer’s stock after selling 1,745 shares during the quarter. Profund Advisors LLC’s holdings in National Fuel Gas were worth $902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in National Fuel Gas by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 34 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in National Fuel Gas by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after purchasing an additional 445 shares during the period. Fifth Third Bancorp boosted its stake in National Fuel Gas by 87.3% in the 1st quarter. Fifth Third Bancorp now owns 2,841 shares of the oil and gas producer’s stock valued at $169,000 after purchasing an additional 1,324 shares during the period. Sheaff Brock Investment Advisors LLC boosted its stake in National Fuel Gas by 5.7% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 3,700 shares of the oil and gas producer’s stock valued at $207,000 after purchasing an additional 200 shares during the period. Finally, Cadence Capital Management LLC bought a new stake in National Fuel Gas in the 2nd quarter valued at $209,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Several research firms recently issued reports on NFG. BidaskClub upgraded National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and issued a $54.00 price target (up from $52.00) on shares of National Fuel Gas in a research note on Friday, September 1st. Scotiabank set a $60.00 price target on National Fuel Gas and gave the company a “hold” rating in a research note on Tuesday, August 22nd. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. Finally, ValuEngine downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $59.67.

Shares of National Fuel Gas Company (NFG) opened at 56.61 on Friday. The company has a 50-day moving average price of $58.37 and a 200 day moving average price of $57.57. National Fuel Gas Company has a 1-year low of $50.61 and a 1-year high of $61.25. The company has a market capitalization of $4.84 billion, a P/E ratio of 17.63 and a beta of 0.98.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The business had revenue of $348.37 million during the quarter, compared to the consensus estimate of $373.86 million. During the same period last year, the business posted $0.68 earnings per share. Equities research analysts anticipate that National Fuel Gas Company will post $3.33 EPS for the current year.

The company also recently announced 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. This represents a $1.66 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, September 28th. National Fuel Gas’s dividend payout ratio is currently 51.71%.

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National Fuel Gas 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.

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

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