Vident Investment Advisory LLC lowered its position in National Fuel Gas Co. (NYSE:NFG) by 13.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,928 shares of the oil and gas producer’s stock after selling 1,423 shares during the period. Vident Investment Advisory LLC’s holdings in National Fuel Gas were worth $473,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of National Fuel Gas by 135.6% in the first quarter. Wells Fargo & Company MN now owns 757,194 shares of the oil and gas producer’s stock valued at $38,958,000 after purchasing an additional 435,872 shares during the period. Swiss National Bank boosted its stake in shares of National Fuel Gas by 2.2% in the first quarter. Swiss National Bank now owns 134,000 shares of the oil and gas producer’s stock valued at $6,894,000 after purchasing an additional 2,900 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of National Fuel Gas by 15.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 371,402 shares of the oil and gas producer’s stock valued at $19,109,000 after purchasing an additional 50,166 shares during the period. Aperio Group LLC boosted its stake in shares of National Fuel Gas by 34.2% in the first quarter. Aperio Group LLC now owns 35,229 shares of the oil and gas producer’s stock valued at $1,813,000 after purchasing an additional 8,973 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of National Fuel Gas by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 62,858 shares of the oil and gas producer’s stock valued at $3,234,000 after purchasing an additional 1,125 shares during the period. 71.07% of the stock is owned by hedge funds and other institutional investors.

In other National Fuel Gas news, insider Ronald C. Kraemer sold 3,054 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $55.47, for a total transaction of $169,405.38. Following the transaction, the insider now directly owns 34,427 shares in the company, valued at approximately $1,909,665.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.57% of the company’s stock.

NYSE NFG opened at $56.24 on Friday. National Fuel Gas Co. has a 12 month low of $48.31 and a 12 month high of $59.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.89. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 3.45 and a beta of 0.83.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, August 2nd. The oil and gas producer reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.08. National Fuel Gas had a net margin of 25.09% and a return on equity of 15.77%. The firm had revenue of $342.90 million for the quarter, compared to the consensus estimate of $380.47 million. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. research analysts expect that National Fuel Gas Co. will post 3.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.70 dividend on an annualized basis and a yield of 3.02%. National Fuel Gas’s dividend payout ratio (DPR) is 51.52%.

NFG has been the subject of several analyst reports. Zacks Investment Research upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Finally, US Capital Advisors restated an “overweight” rating on shares of National Fuel Gas in a research note on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $61.00.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California 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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