National Fuel Gas (NYSE:NFG) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in National Fuel Gas (NYSE:NFG) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,434 shares of the oil and gas producer’s stock after selling 4,826 shares during the quarter. Amalgamated Bank owned 0.06% of National Fuel Gas worth $3,112,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Beacon Capital Management LLC acquired a new stake in National Fuel Gas during the 1st quarter worth about $27,000. Hexagon Capital Partners LLC acquired a new stake in National Fuel Gas during the first quarter worth about $28,000. Valley National Advisers Inc. purchased a new position in National Fuel Gas during the second quarter valued at approximately $37,000. Lindbrook Capital LLC lifted its holdings in National Fuel Gas by 123.0% in the first quarter. Lindbrook Capital LLC now owns 767 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 423 shares during the period. Finally, LRI Investments LLC purchased a new stake in National Fuel Gas in the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Up 1.5 %

Shares of NYSE:NFG opened at $61.23 on Tuesday. The business’s 50 day moving average price is $59.02 and its 200-day moving average price is $56.00. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $61.42. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 12.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.77 and a quick ratio of 0.65.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $540.62 million. During the same quarter last year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities research analysts forecast that National Fuel Gas will post 5.13 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.515 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.06 annualized dividend and a dividend yield of 3.36%. National Fuel Gas’s dividend payout ratio (DPR) is presently 40.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, August 5th. JPMorgan Chase & Co. cut their price objective 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. Finally, Scotiabank increased their target price on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th.

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.