Chicago Partners Investment Group LLC Buys Shares of 6,470 National Fuel Gas Co. (NFG)

Chicago Partners Investment Group LLC bought a new stake in shares of National Fuel Gas Co. (NYSE:NFG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,470 shares of the oil and gas producer’s stock, valued at approximately $366,000.

Other large investors have also made changes to their positions in the company. Mutual of America Capital Management LLC increased its position in National Fuel Gas by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 69,512 shares of the oil and gas producer’s stock valued at $3,935,000 after buying an additional 978 shares in the last quarter. Federated Investors Inc. PA grew its stake in National Fuel Gas by 36.7% during the 2nd quarter. Federated Investors Inc. PA now owns 70,927 shares of the oil and gas producer’s stock valued at $3,961,000 after purchasing an additional 19,037 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in National Fuel Gas by 17.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 36,600 shares of the oil and gas producer’s stock valued at $2,044,000 after purchasing an additional 5,448 shares during the last quarter. JPMorgan Chase & Co. grew its stake in National Fuel Gas by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock valued at $234,778,000 after purchasing an additional 222,965 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in National Fuel Gas by 8.4% during the 2nd quarter. ProShare Advisors LLC now owns 179,128 shares of the oil and gas producer’s stock valued at $10,003,000 after purchasing an additional 13,921 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

National Fuel Gas Co. (NFG) traded down $0.42 during trading on Friday, reaching $55.65. The company’s stock had a trading volume of 1,150,000 shares, compared to its average volume of 254,442. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 1.22. The stock has a market cap of $4,762.64, a P/E ratio of 16.86, a PEG ratio of 9.42 and a beta of 0.94. National Fuel Gas Co. has a twelve month low of $53.03 and a twelve month high of $61.25.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The business had revenue of $286.94 million for the quarter, compared to the consensus estimate of $325.81 million. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. analysts expect that National Fuel Gas Co. will post 2.95 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.98%. National Fuel Gas’s payout ratio is 50.30%.

Several research firms have weighed in on NFG. Sidoti began coverage on National Fuel Gas in a research note on Thursday, October 12th. They set a “neutral” rating and a $65.00 price target on the stock. Scotiabank set a $60.00 price target on National Fuel Gas and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Jefferies Group reiterated a “hold” rating and set a $54.00 price target on shares of National Fuel Gas in a research note on Thursday, October 12th. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $60.00.

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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.

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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