National Fuel Gas (NYSE:NFG) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in shares of National Fuel Gas (NYSE:NFG) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,529 shares of the oil and gas producer’s stock after selling 4,068 shares during the period. Sei Investments Co. owned approximately 0.15% of National Fuel Gas worth $8,406,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Kentucky Trust Co purchased a new position in shares of National Fuel Gas in the 4th quarter worth about $25,000. UMB Bank n.a. raised its holdings in National Fuel Gas by 82.9% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 218 shares during the period. S.A. Mason LLC acquired a new position in National Fuel Gas during the fourth quarter valued at approximately $38,000. V Square Quantitative Management LLC grew its stake in National Fuel Gas by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 239 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of National Fuel Gas in the third quarter worth $46,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on NFG shares. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on National Fuel Gas from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $74.67.

National Fuel Gas Price Performance

NFG opened at $78.81 on Monday. National Fuel Gas has a twelve month low of $51.46 and a twelve month high of $79.49. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of -562.85 and a beta of 0.57. The company has a fifty day simple moving average of $73.51 and a 200 day simple moving average of $65.70.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter last year, the business earned $1.46 EPS. Equities research analysts expect that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Monday, March 31st. National Fuel Gas’s payout ratio is currently -1,471.43%.

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.