Northwest Bancshares Inc. Buys 8,323 Shares of National Fuel Gas Co. (NYSE:NFG)

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Northwest Bancshares Inc. grew its stake in shares of National Fuel Gas Co. (NYSE:NFG) by 17.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,174 shares of the oil and gas producer’s stock after buying an additional 8,323 shares during the quarter. Northwest Bancshares Inc. owned 0.07% of National Fuel Gas worth $2,635,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NFG. LSV Asset Management grew its stake in shares of National Fuel Gas by 95.4% during the second quarter. LSV Asset Management now owns 2,852,626 shares of the oil and gas producer’s stock valued at $150,476,000 after buying an additional 1,392,847 shares during the last quarter. BlackRock Inc. grew its stake in shares of National Fuel Gas by 4.2% in the second quarter. BlackRock Inc. now owns 8,236,338 shares of the oil and gas producer’s stock worth $434,467,000 after purchasing an additional 333,562 shares during the last quarter. First Trust Advisors LP grew its stake in shares of National Fuel Gas by 73.4% in the second quarter. First Trust Advisors LP now owns 701,007 shares of the oil and gas producer’s stock worth $36,978,000 after purchasing an additional 296,836 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of National Fuel Gas in the second quarter worth about $14,487,000. Finally, APG Asset Management N.V. grew its stake in shares of National Fuel Gas by 120.4% in the second quarter. APG Asset Management N.V. now owns 374,400 shares of the oil and gas producer’s stock worth $17,342,000 after purchasing an additional 204,500 shares during the last quarter. 73.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE NFG traded down $0.11 during trading hours on Wednesday, hitting $43.20. The company’s stock had a trading volume of 33,374 shares, compared to its average volume of 588,992. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 1.02. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 4.75 and a beta of 0.74. National Fuel Gas Co. has a 12 month low of $43.25 and a 12 month high of $61.71. The business has a 50-day simple moving average of $46.95 and a 200-day simple moving average of $52.81.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company had revenue of $357.20 million for the quarter, compared to analysts’ expectations of $400.88 million. National Fuel Gas had a return on equity of 14.53% and a net margin of 17.46%. National Fuel Gas’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. On average, equities research analysts forecast that National Fuel Gas Co. will post 3.53 EPS for the current year.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a dividend yield of 3.6%. National Fuel Gas’s payout ratio is presently 52.10%.

Several analysts recently issued reports on the company. ValuEngine raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet cut National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 target price on the stock in a research note on Thursday, August 8th.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through 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 in California and 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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