Sei Investments Co. Has $8.69 Million Stake in National Fuel Gas (NYSE:NFG)

Sei Investments Co. reduced its stake in shares of National Fuel Gas (NYSE:NFG) by 16.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 160,390 shares of the oil and gas producer’s stock after selling 30,606 shares during the quarter. Sei Investments Co.’s holdings in National Fuel Gas were worth $8,692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its position in National Fuel Gas by 38.4% in the 2nd quarter. Pacer Advisors Inc. now owns 19,757 shares of the oil and gas producer’s stock valued at $1,071,000 after buying an additional 5,484 shares during the last quarter. MQS Management LLC acquired a new position in shares of National Fuel Gas during the second quarter valued at $459,000. Kendall Capital Management boosted its holdings in National Fuel Gas by 3.2% in the second quarter. Kendall Capital Management now owns 13,680 shares of the oil and gas producer’s stock valued at $741,000 after acquiring an additional 425 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in National Fuel Gas by 14.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,281 shares of the oil and gas producer’s stock worth $719,000 after purchasing an additional 1,676 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in National Fuel Gas by 125.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,588 shares of the oil and gas producer’s stock worth $628,000 after purchasing an additional 6,447 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Activity at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total transaction of $103,309.00. Following the transaction, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.55% of the stock is owned by corporate insiders.

National Fuel Gas Trading Up 2.8 %

NYSE:NFG opened at $60.61 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 0.85. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $61.56. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 12.03 and a beta of 0.62. The business’s 50-day moving average price is $59.22 and its two-hundred day moving average price is $56.21.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $540.62 million. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. National Fuel Gas’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. On average, equities analysts expect that National Fuel Gas will post 5.04 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is 40.87%.

Analyst Ratings Changes

NFG has been the topic of several recent research reports. Scotiabank raised their target price on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, September 12th.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.