Folger Nolan Fleming Douglas Capital Management Inc. maintained its position in National Fuel Gas Company (NYSE:NFG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,868 shares of the oil and gas producer’s stock at the close of the second quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in National Fuel Gas were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of National Fuel Gas by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after purchasing an additional 34 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of National Fuel Gas by 18.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock worth $161,000 after purchasing an additional 445 shares during the period. Fifth Third Bancorp boosted its position in shares of National Fuel Gas by 87.3% during the 1st quarter. Fifth Third Bancorp now owns 2,841 shares of the oil and gas producer’s stock worth $169,000 after purchasing an additional 1,324 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of National Fuel Gas by 5.7% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 3,700 shares of the oil and gas producer’s stock worth $207,000 after purchasing an additional 200 shares during the period. Finally, Cadence Capital Management LLC purchased a new position in shares of National Fuel Gas during the 2nd quarter worth approximately $209,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on NFG. BidaskClub raised shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 price objective (up previously from $52.00) on shares of National Fuel Gas in a research report on Friday, September 1st. Scotiabank set a $60.00 price objective on shares of National Fuel Gas and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. TheStreet raised shares of National Fuel Gas from a “c+” rating to a “b” rating in a research report on Friday, June 16th. Finally, ValuEngine cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $59.67.

Shares of National Fuel Gas Company (NYSE:NFG) traded down 0.44% during trading on Friday, reaching $59.50. 612,928 shares of the company’s stock traded hands. The stock has a 50-day moving average of $58.44 and a 200-day moving average of $57.64. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 18.53 and a beta of 0.98. National Fuel Gas Company has a 1-year low of $50.61 and a 1-year high of $61.25.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The firm had revenue of $348.37 million during the quarter, compared to analyst estimates of $373.86 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. On average, equities analysts predict that National Fuel Gas Company will post $3.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, September 28th. National Fuel Gas’s dividend payout ratio (DPR) is 51.71%.

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National Fuel Gas 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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