National Fuel Gas (NYSE:NFG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of National Fuel Gas (NYSE:NFG) by 18.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 307,252 shares of the oil and gas producer’s stock after selling 71,336 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in National Fuel Gas were worth $18,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of National Fuel Gas by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer’s stock worth $715,178,000 after purchasing an additional 104,587 shares during the last quarter. Energy Income Partners LLC boosted its holdings in shares of National Fuel Gas by 2.4% during the 1st quarter. Energy Income Partners LLC now owns 2,595,437 shares of the oil and gas producer’s stock worth $139,427,000 after purchasing an additional 62,009 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of National Fuel Gas by 1.0% during the 2nd quarter. Gabelli Funds LLC now owns 2,533,482 shares of the oil and gas producer’s stock worth $137,289,000 after purchasing an additional 24,800 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of National Fuel Gas by 46.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,732,969 shares of the oil and gas producer’s stock worth $93,910,000 after purchasing an additional 550,153 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of National Fuel Gas by 7.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,320,850 shares of the oil and gas producer’s stock worth $70,956,000 after purchasing an additional 96,410 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the company’s stock in a transaction on 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.55% of the stock is owned by insiders.

National Fuel Gas Trading Down 0.4 %

NFG opened at $62.69 on Friday. National Fuel Gas has a one year low of $45.32 and a one year high of $63.54. The stock has a market capitalization of $5.73 billion, a PE ratio of 18.17 and a beta of 0.62. The business’s 50 day moving average price is $60.27 and its 200 day moving average price is $57.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The company had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $540.62 million. During the same period in the prior year, the firm earned $1.01 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year. As a group, equities research analysts expect that National Fuel Gas will post 3.51 EPS for the current year.

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is 59.71%.

Analyst Upgrades and Downgrades

NFG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Scotiabank upped their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday, October 19th.

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.