National Fuel Gas (NYSE:NFG) Shares Sold by Comerica Bank

Comerica Bank reduced its stake in shares of National Fuel Gas (NYSE:NFG) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,733 shares of the oil and gas producer’s stock after selling 862 shares during the period. Comerica Bank owned 0.05% of National Fuel Gas worth $2,506,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NFG. West Branch Capital LLC acquired a new position in shares of National Fuel Gas during the 2nd quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its holdings in shares of National Fuel Gas by 151.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 750 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 452 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of National Fuel Gas by 69.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,283 shares of the oil and gas producer’s stock worth $67,000 after purchasing an additional 526 shares during the last quarter. Bbva USA acquired a new position in shares of National Fuel Gas during the 2nd quarter worth approximately $75,000. Finally, FMR LLC boosted its holdings in shares of National Fuel Gas by 22.4% during the 2nd quarter. FMR LLC now owns 1,844 shares of the oil and gas producer’s stock worth $96,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 71.60% of the company’s stock.

NFG stock opened at $61.87 on Thursday. The firm has a market cap of $5.64 billion, a PE ratio of 15.58 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.35 and a current ratio of 0.42. The firm’s 50 day moving average price is $56.92 and its 200-day moving average price is $53.84. National Fuel Gas has a one year low of $39.80 and a one year high of $62.00.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 4th. The oil and gas producer reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The company had revenue of $355.99 million for the quarter, compared to analyst estimates of $425.49 million. National Fuel Gas had a return on equity of 19.80% and a net margin of 20.87%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 earnings per share. Equities research analysts predict that National Fuel Gas will post 5.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Thursday, September 30th were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Wednesday, September 29th. National Fuel Gas’s dividend payout ratio is currently 45.84%.

In related news, CEO David P. Bauer acquired 3,000 shares of the business’s stock in a transaction dated Thursday, September 23rd. The shares were acquired at an average price of $51.36 per share, with a total value of $154,080.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on NFG. Raymond James lifted their price target on shares of National Fuel Gas from $62.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, October 26th. Zacks Investment Research raised shares of National Fuel Gas from a “hold” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a research report on Thursday, October 28th.

National Fuel Gas Company Profile

National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, distribution, and marketing of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment handles the exploration for and the development of natural gas and oil reserves 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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