Ipswich Investment Management Co. Inc. lowered its stake in National Fuel Gas Company (NYSE:NFG) by 52.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,096 shares of the oil and gas producer’s stock after selling 5,600 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in National Fuel Gas were worth $285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of National Fuel Gas by 87.3% in the first quarter. Fifth Third Bancorp now owns 2,841 shares of the oil and gas producer’s stock valued at $169,000 after buying an additional 1,324 shares during the period. Karpas Strategies LLC bought a new position in shares of National Fuel Gas during the first quarter valued at about $203,000. Pennsylvania Trust Co bought a new position in shares of National Fuel Gas during the first quarter valued at about $205,000. IFC Holdings Incorporated FL bought a new position in shares of National Fuel Gas during the first quarter valued at about $205,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of National Fuel Gas during the first quarter valued at about $209,000. Institutional investors and hedge funds own 68.97% of the company’s stock.

Shares of National Fuel Gas Company (NFG) traded up 0.1553% during trading on Monday, hitting $58.9414. 60,557 shares of the stock traded hands. The company has a 50-day moving average of $56.63 and a 200-day moving average of $57.47. National Fuel Gas Company has a 52 week low of $50.61 and a 52 week high of $61.25. The firm has a market cap of $5.03 billion, a P/E ratio of 22.5656 and a beta of 0.97.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas producer reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $522.10 million for the quarter, compared to analysts’ expectations of $514.43 million. National Fuel Gas had a net margin of 14.24% and a return on equity of 18.67%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. On average, analysts forecast that National Fuel Gas Company will post $3.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.415 per share. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.66 dividend on an annualized basis and a yield of 2.82%. National Fuel Gas’s dividend payout ratio is 63.36%.

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A number of analysts have recently commented on NFG shares. ValuEngine cut National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet raised National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. BidaskClub raised National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC cut National Fuel Gas from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $66.00 to $52.00 in a research note on Monday, April 10th. Finally, Scotiabank set a $58.00 target price on National Fuel Gas and gave the stock a “hold” rating in a research note on Monday, April 10th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.00.

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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