Amalgamated Bank cut its position in shares of National Fuel Gas (NYSE:NFG – Get Rating) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,515 shares of the oil and gas producer's stock after selling 1,736 shares during the period. Amalgamated Bank's holdings in National Fuel Gas were worth $4,295,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Paragon Capital Management Ltd increased its position in shares of National Fuel Gas by 3.4% during the first quarter. Paragon Capital Management Ltd now owns 4,187 shares of the oil and gas producer's stock valued at $288,000 after purchasing an additional 138 shares during the period. State of Michigan Retirement System grew its position in National Fuel Gas by 0.6% in the first quarter. State of Michigan Retirement System now owns 23,212 shares of the oil and gas producer's stock valued at $1,595,000 after acquiring an additional 146 shares during the period. Loomis Sayles & Co. L P grew its position in National Fuel Gas by 6.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,535 shares of the oil and gas producer's stock valued at $162,000 after acquiring an additional 164 shares during the period. Raymond James & Associates boosted its stake in National Fuel Gas by 0.4% in the first quarter. Raymond James & Associates now owns 47,532 shares of the oil and gas producer's stock worth $3,265,000 after purchasing an additional 170 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in National Fuel Gas by 31.0% in the first quarter. CENTRAL TRUST Co now owns 786 shares of the oil and gas producer's stock worth $54,000 after purchasing an additional 186 shares in the last quarter. 74.44% of the stock is currently owned by institutional investors.
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National Fuel Gas Trading Down 1.5 %
Shares of NFG opened at $69.56 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 1.04. National Fuel Gas has a 12-month low of $50.32 and a 12-month high of $75.97. The firm has a market capitalization of $6.36 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. The stock's fifty day simple moving average is $70.29 and its 200-day simple moving average is $69.49.
National Fuel Gas Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 29th. National Fuel Gas's dividend payout ratio (DPR) is presently 35.32%.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Raymond James boosted their price objective on National Fuel Gas from $76.00 to $86.00 in a research note on Friday, June 10th. Scotiabank reissued an "assumes" rating on shares of National Fuel Gas in a research note on Monday, July 25th. Finally, The Goldman Sachs Group reduced their price objective on National Fuel Gas from $68.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $70.67.
National Fuel Gas Company Profile
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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 in California and in the Appalachian region of the United States.
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