Miracle Mile Advisors LLC Makes New $206,000 Investment in National Fuel Gas (NYSE:NFG)

Miracle Mile Advisors LLC acquired a new stake in shares of National Fuel Gas (NYSE:NFG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,829 shares of the oil and gas producer’s stock, valued at approximately $206,000.

Several other large investors also recently modified their holdings of NFG. Envestnet Asset Management Inc. lifted its holdings in National Fuel Gas by 437.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 82,750 shares of the oil and gas producer’s stock valued at $4,296,000 after purchasing an additional 67,362 shares during the last quarter. FMR LLC raised its stake in shares of National Fuel Gas by 45.9% in the third quarter. FMR LLC now owns 334,120 shares of the oil and gas producer’s stock valued at $17,344,000 after acquiring an additional 105,074 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of National Fuel Gas by 71.1% in the 3rd quarter. LPL Financial LLC now owns 71,774 shares of the oil and gas producer’s stock worth $3,726,000 after acquiring an additional 29,834 shares in the last quarter. Federated Hermes Inc. grew its position in National Fuel Gas by 66.9% during the 3rd quarter. Federated Hermes Inc. now owns 21,496 shares of the oil and gas producer’s stock worth $1,116,000 after acquiring an additional 8,616 shares during the last quarter. Finally, Natixis Advisors L.P. increased its holdings in National Fuel Gas by 65.3% during the 3rd quarter. Natixis Advisors L.P. now owns 21,816 shares of the oil and gas producer’s stock valued at $1,132,000 after purchasing an additional 8,617 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 6,357 shares of National Fuel Gas stock in a transaction on Friday, June 21st. The stock was sold at an average price of $54.83, for a total transaction of $348,554.31. Following the completion of the sale, the general counsel now directly owns 9,903 shares of the company’s stock, valued at $542,981.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.55% of the company’s stock.

National Fuel Gas Trading Up 0.7 %

NFG stock opened at $54.59 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 0.72. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $57.60. The company has a market cap of $5.02 billion, a P/E ratio of 10.83 and a beta of 0.62. The business has a fifty day moving average of $55.40 and a 200-day moving average of $52.08.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.38. The firm had revenue of $629.94 million during the quarter, compared to analysts’ expectations of $767.33 million. National Fuel Gas had a return on equity of 15.06% and a net margin of 23.84%. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS. As a group, equities research analysts expect that National Fuel Gas will post 5.07 EPS for the current year.

National Fuel Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.50. National Fuel Gas’s payout ratio is currently 40.87%.

Wall Street Analyst Weigh In

Several analysts have recently commented on NFG shares. Scotiabank increased their target price on National Fuel Gas from $72.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 9th. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th.

National Fuel Gas Profile

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.