UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,011 Shares of National Fuel Gas Company $NFG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in National Fuel Gas Company (NYSE:NFG) by 3.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 168,217 shares of the oil and gas producer’s stock after selling 6,011 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of National Fuel Gas worth $12,988,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in shares of National Fuel Gas by 6.3% during the second quarter. Van ECK Associates Corp now owns 71,119 shares of the oil and gas producer’s stock worth $5,491,000 after buying an additional 4,227 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of National Fuel Gas in the second quarter valued at approximately $10,104,000. United Capital Financial Advisors LLC acquired a new stake in shares of National Fuel Gas in the second quarter worth $360,000. WNY Asset Management LLC bought a new position in National Fuel Gas during the second quarter worth $2,439,000. Finally, Caitlin John LLC acquired a new position in National Fuel Gas during the 2nd quarter valued at $378,000. 73.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. Wall Street Zen cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Finally, KeyCorp reissued an “overweight” rating on shares of National Fuel Gas in a research report on Monday, August 31st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.50.

National Fuel Gas Stock Down 0.3%

NYSE:NFG opened at $83.29 on Friday. The stock’s fifty day moving average price is $81.36 and its two-hundred day moving average price is $84.41. National Fuel Gas Company has a 52-week low of $75.17 and a 52-week high of $97.06. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.07 and a current ratio of 3.20. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.86 and a beta of 0.37.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.10. The firm had revenue of $537.50 million during the quarter, compared to analysts’ expectations of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS. On average, analysts anticipate that National Fuel Gas Company will post 7.49 EPS for the current year.

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.555 per share. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 30th. National Fuel Gas’s payout ratio is 30.83%.

National Fuel Gas Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.