Mackenzie Financial Corp Acquires 28,891 Shares of National Fuel Gas Company $NFG

Mackenzie Financial Corp raised its holdings in National Fuel Gas Company (NYSE:NFG) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 744,536 shares of the oil and gas producer’s stock after acquiring an additional 28,891 shares during the quarter. Mackenzie Financial Corp’s holdings in National Fuel Gas were worth $63,070,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NFG. Parallel Advisors LLC lifted its stake in shares of National Fuel Gas by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 4,784 shares of the oil and gas producer’s stock valued at $405,000 after purchasing an additional 129 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in National Fuel Gas by 3.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,285 shares of the oil and gas producer’s stock valued at $419,000 after purchasing an additional 156 shares during the last quarter. US Bancorp DE increased its holdings in National Fuel Gas by 0.6% in the second quarter. US Bancorp DE now owns 25,766 shares of the oil and gas producer’s stock valued at $2,183,000 after purchasing an additional 161 shares during the last quarter. UMB Bank n.a. lifted its stake in National Fuel Gas by 19.6% in the second quarter. UMB Bank n.a. now owns 1,012 shares of the oil and gas producer’s stock valued at $86,000 after buying an additional 166 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in National Fuel Gas by 11.7% during the second quarter. GAMMA Investing LLC now owns 1,857 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 195 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NFG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, November 24th. Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Scotiabank cut shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $102.00 to $106.00 in a research report on Thursday, October 9th. Finally, Zacks Research downgraded National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.00.

National Fuel Gas Stock Up 1.0%

National Fuel Gas stock opened at $82.45 on Friday. The company has a 50 day moving average of $83.94 and a 200-day moving average of $84.80. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. National Fuel Gas Company has a twelve month low of $59.01 and a twelve month high of $94.13. The stock has a market capitalization of $7.45 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 0.45 and a beta of 0.57.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. The business had revenue of $466.28 million for the quarter, compared to analysts’ expectations of $534.57 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. On average, equities research analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio is currently 37.68%.

National Fuel Gas Company Profile

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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.