Bank of Montreal Can lowered its stake in National Fuel Gas Company (NYSE:NFG) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 34,342 shares of the oil and gas producer’s stock after selling 353 shares during the period. Bank of Montreal Can’s holdings in National Fuel Gas were worth $1,917,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NFG. Pennsylvania Trust Co purchased a new stake in shares of National Fuel Gas during the first quarter worth $205,000. ProShare Advisors LLC increased its stake in shares of National Fuel Gas by 23.8% in the first quarter. ProShare Advisors LLC now owns 165,207 shares of the oil and gas producer’s stock worth $9,850,000 after buying an additional 31,783 shares during the period. Creative Planning increased its stake in shares of National Fuel Gas by 2.3% in the first quarter. Creative Planning now owns 17,768 shares of the oil and gas producer’s stock worth $1,059,000 after buying an additional 391 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of National Fuel Gas during the first quarter worth $371,000. Finally, Sei Investments Co. increased its stake in shares of National Fuel Gas by 51.8% in the first quarter. Sei Investments Co. now owns 80,995 shares of the oil and gas producer’s stock worth $4,829,000 after buying an additional 27,632 shares during the period. Institutional investors own 69.02% of the company’s stock.

National Fuel Gas Company (NYSE:NFG) traded down 0.55% on Friday, reaching $58.27. The company had a trading volume of 217,061 shares. 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 $57.57 and a 200 day moving average of $57.66. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 18.15 and a beta of 0.97.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The business had revenue of $348.37 million during the quarter, compared to analysts’ expectations of $373.86 million. During the same period in the prior year, the firm posted $0.68 EPS. On average, equities research analysts predict that National Fuel Gas Company will post $3.27 EPS for the current year.

The firm also recently declared 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 represents a $1.66 dividend on an annualized basis and a yield of 2.85%. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, June 28th. National Fuel Gas’s dividend payout ratio (DPR) is currently 51.71%.

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A number of equities research analysts have recently weighed in on NFG shares. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. BidaskClub upgraded National Fuel Gas from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $52.00 price objective on shares of National Fuel Gas in a research report on Friday, July 14th. Scotiabank set a $58.00 price objective on National Fuel Gas and gave the company a “hold” rating in a research report on Saturday, July 1st. Finally, ValuEngine lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $58.33.

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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