Envestnet Asset Management Inc. Decreases Position in National Fuel Gas Co. (NFG)

Envestnet Asset Management Inc. cut its position in shares of National Fuel Gas Co. (NYSE:NFG) by 18.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,728 shares of the oil and gas producer’s stock after selling 13,140 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of National Fuel Gas worth $3,269,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of National Fuel Gas by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after buying an additional 34 shares in the last quarter. World Asset Management Inc grew its stake in National Fuel Gas by 1.5% in the second quarter. World Asset Management Inc now owns 5,725 shares of the oil and gas producer’s stock valued at $320,000 after purchasing an additional 83 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in National Fuel Gas by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 15,441 shares of the oil and gas producer’s stock valued at $862,000 after purchasing an additional 193 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in National Fuel Gas by 5.7% in the second 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 in the last quarter. Finally, AMG Funds LLC grew its stake in National Fuel Gas by 0.7% in the second quarter. AMG Funds LLC now owns 40,022 shares of the oil and gas producer’s stock valued at $2,235,000 after purchasing an additional 264 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

National Fuel Gas Co. (NYSE NFG) traded down $0.93 during mid-day trading on Wednesday, reaching $57.36. The company’s stock had a trading volume of 249,800 shares, compared to its average volume of 456,616. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.16 and a current ratio of 1.27. National Fuel Gas Co. has a 12-month low of $53.03 and a 12-month high of $61.25. The company has a market capitalization of $4,988.59, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 9.87 and a beta of 0.94.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The company had revenue of $286.94 million during the quarter, compared to the consensus estimate of $325.81 million. During the same period in the previous year, the company posted $0.66 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. equities analysts forecast that National Fuel Gas Co. will post 2.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.66 annualized dividend and a dividend yield of 2.89%. National Fuel Gas’s dividend payout ratio is currently 50.30%.

NFG has been the subject of a number of analyst reports. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group 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. TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Scotiabank restated a “hold” rating and issued a $60.00 price target on shares of National Fuel Gas in a research note on Friday, November 3rd. Finally, Sidoti initiated coverage on National Fuel Gas in a research note on Thursday, October 12th. They issued a “neutral” rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. National Fuel Gas presently has an average rating of “Hold” and a consensus target price of $60.00.

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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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