Ameriprise Financial Inc. lifted its holdings in National Fuel Gas Co. (NYSE:NFG) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,556 shares of the oil and gas producer’s stock after buying an additional 7,408 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.41% of National Fuel Gas worth $19,679,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NFG. Vanguard Group Inc. grew its position in shares of National Fuel Gas by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,434,192 shares of the oil and gas producer’s stock worth $470,966,000 after buying an additional 428,370 shares during the period. Goldman Sachs Group Inc. grew its position in shares of National Fuel Gas by 81.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 700,679 shares of the oil and gas producer’s stock worth $39,126,000 after buying an additional 314,397 shares during the period. JPMorgan Chase & Co. grew its position in shares of National Fuel Gas by 5.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock worth $234,778,000 after buying an additional 222,965 shares during the period. First Trust Advisors LP boosted its stake in National Fuel Gas by 300.3% in the 3rd quarter. First Trust Advisors LP now owns 288,135 shares of the oil and gas producer’s stock worth $16,311,000 after purchasing an additional 216,153 shares in the last quarter. Finally, APG Asset Management N.V. bought a new position in National Fuel Gas in the 3rd quarter worth about $11,079,000. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of National Fuel Gas Co. (NFG) traded up $0.23 during trading on Monday, reaching $57.96. 200,200 shares of the company were exchanged, compared to its average volume of 458,588. The company has a market cap of $4,960.34, a PE ratio of 17.56, a price-to-earnings-growth ratio of 9.81 and a beta of 0.94. National Fuel Gas Co. has a 52 week low of $53.03 and a 52 week high of $61.25. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 1.22.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, December 28th. National Fuel Gas’s dividend payout ratio is currently 50.30%.

A number of equities analysts recently issued reports on the stock. Sidoti assumed coverage on shares of National Fuel Gas in a research note on Thursday, October 12th. They issued a “neutral” rating and a $65.00 price target on the stock. Scotiabank set a $60.00 price target on shares of National Fuel Gas and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Jefferies Group reiterated a “hold” rating and issued a $54.00 price target on shares of National Fuel Gas in a research note on Thursday, October 12th. Zacks Investment Research cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, TheStreet cut shares of National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. National Fuel Gas currently has an average rating of “Hold” and an average price target 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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