Pioneer Investment Management Inc. decreased its stake in shares of National Fuel Gas Company (NYSE:NFG) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 508,680 shares of the oil and gas producer’s stock after selling 23,606 shares during the period. Pioneer Investment Management Inc.’s holdings in National Fuel Gas were worth $28,405,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in National Fuel Gas by 0.4% in the first quarter. Parkside Financial Bank & Trust now owns 4,957 shares of the oil and gas producer’s stock valued at $295,000 after buying an additional 18 shares during the period. SRS Capital Advisors Inc. raised its position in National Fuel Gas by 0.7% in the first quarter. SRS Capital Advisors Inc. now owns 4,831 shares of the oil and gas producer’s stock valued at $288,000 after buying an additional 33 shares during the period. World Asset Management Inc raised its position in National Fuel Gas by 1.0% in the first quarter. World Asset Management Inc now owns 5,642 shares of the oil and gas producer’s stock valued at $336,000 after buying an additional 56 shares during the period. Baird Financial Group Inc. raised its position in National Fuel Gas by 0.6% in the first quarter. Baird Financial Group Inc. now owns 21,587 shares of the oil and gas producer’s stock valued at $1,287,000 after buying an additional 135 shares during the period. Finally, Capstone Asset Management Co. raised its position in National Fuel Gas by 1.9% in the first quarter. Capstone Asset Management Co. now owns 7,682 shares of the oil and gas producer’s stock valued at $458,000 after buying an additional 140 shares during the period. 69.02% of the stock is owned by hedge funds and other institutional investors.

Shares of National Fuel Gas Company (NYSE:NFG) opened at 58.62 on Thursday. National Fuel Gas Company has a one year low of $50.61 and a one year high of $61.25. The company has a 50-day moving average of $57.46 and a 200 day moving average of $57.64. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 22.44 and a beta of 0.97.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The company had revenue of $348.37 million during the quarter, compared to the consensus estimate of $373.86 million. During the same quarter last year, the company earned $0.68 earnings per share. On average, equities analysts forecast that National Fuel Gas Company will post $3.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.415 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.66 dividend on an annualized basis and a yield of 2.83%. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.41. National Fuel Gas’s dividend payout ratio (DPR) is 51.71%.

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Several equities analysts have recently weighed in on the stock. Jefferies Group LLC raised shares of National Fuel Gas from an “underperform” rating to a “hold” rating and set a $52.00 target price for the company in a report on Wednesday, April 19th. Scotiabank set a $58.00 target price on shares of National Fuel Gas and gave the company a “hold” rating in a report on Saturday, July 1st. TheStreet raised shares of National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. ValuEngine lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Seven equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $59.00.

About National Fuel Gas

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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