National Fuel Gas Co. (NFG) Stake Maintained by First National Bank Sioux Falls
First National Bank Sioux Falls held its stake in shares of National Fuel Gas Co. (NYSE:NFG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,802 shares of the company’s stock at the end of the second quarter. National Fuel Gas makes up about 1.0% of First National Bank Sioux Falls’ portfolio, making the stock its 21st largest position. First National Bank Sioux Falls’ holdings in National Fuel Gas were worth $330,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. purchased a new stake in shares of National Fuel Gas during the first quarter valued at $130,000. Oakbrook Investments LLC purchased a new stake in shares of National Fuel Gas during the second quarter valued at $244,000. LS Investment Advisors LLC boosted its stake in shares of National Fuel Gas by 73.9% in the second quarter. LS Investment Advisors LLC now owns 5,101 shares of the company’s stock valued at $290,000 after buying an additional 2,168 shares in the last quarter. CrestPoint Capital Management LLC purchased a new stake in shares of National Fuel Gas during the first quarter valued at $305,000. Finally, Huntington Asset Advisors Inc. purchased a new stake in shares of National Fuel Gas during the first quarter valued at $325,000. 62.47% of the stock is owned by hedge funds and other institutional investors.
Shares of National Fuel Gas Co. (NYSE:NFG) traded up 0.20% during trading on Tuesday, hitting $56.02. The company had a trading volume of 305,234 shares. National Fuel Gas Co. has a 12-month low of $37.03 and a 12-month high of $59.62. The stock has a 50-day moving average of $56.91 and a 200 day moving average of $54.55. The stock’s market capitalization is $4.76 billion.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Friday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. The business had revenue of $335.60 million for the quarter, compared to analyst estimates of $384.26 million. National Fuel Gas had a positive return on equity of 13.87% and a negative net margin of 35.33%. National Fuel Gas’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, analysts predict that National Fuel Gas Co. will post $2.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, September 28th. National Fuel Gas’s dividend payout ratio (DPR) is presently -26.60%.
Several brokerages have weighed in on NFG. Zacks Investment Research raised National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Tuesday, July 5th. Barclays PLC upped their price target on National Fuel Gas from $47.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Argus reaffirmed a “hold” rating on shares of National Fuel Gas in a research note on Thursday, June 9th. Finally, Jefferies Group upped their price target on National Fuel Gas from $59.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, July 25th. Eight equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $60.67.
In other news, COO John R. Pustulka sold 12,000 shares of National Fuel Gas stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $58.58, for a total transaction of $702,960.00. Following the sale, the chief operating officer now directly owns 65,077 shares of the company’s stock, valued at $3,812,210.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David F. Smith sold 48,983 shares of National Fuel Gas stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $56.64, for a total value of $2,774,397.12. Following the sale, the director now directly owns 214,507 shares in the company, valued at $12,149,676.48. The disclosure for this sale can be found here. 3.25% of the stock is owned by corporate insiders.
National Fuel Gas Company Profile
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.
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