National Fuel Gas Co. (NFG) Director Sells $564,928.00 in Stock

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National Fuel Gas Co. (NYSE:NFG) Director David F. Smith sold 9,700 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $58.24, for a total transaction of $564,928.00. Following the completion of the sale, the director now directly owns 363,168 shares of the company’s stock, valued at $21,150,904.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE NFG traded down $0.03 during mid-day trading on Monday, reaching $58.18. The company had a trading volume of 303,618 shares, compared to its average volume of 451,540. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.25 and a quick ratio of 1.09. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 5.92 and a beta of 0.85. National Fuel Gas Co. has a 12-month low of $48.43 and a 12-month high of $59.15.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $490.25 million during the quarter, compared to analyst estimates of $477.76 million. National Fuel Gas had a net margin of 17.77% and a return on equity of 15.26%. On average, analysts predict that National Fuel Gas Co. will post 3.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were issued a $0.425 dividend. The ex-dividend date was Friday, December 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.92%. National Fuel Gas’s dividend payout ratio is currently 50.90%.

Large investors have recently added to or reduced their stakes in the stock. JNBA Financial Advisors acquired a new position in National Fuel Gas in the fourth quarter worth approximately $26,000. Oregon Public Employees Retirement Fund increased its holdings in National Fuel Gas by 5,018.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 1,698,894 shares during the last quarter. Synovus Financial Corp acquired a new position in National Fuel Gas in the fourth quarter worth approximately $36,000. Pearl River Capital LLC acquired a new position in National Fuel Gas in the fourth quarter worth approximately $36,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in National Fuel Gas in the fourth quarter worth approximately $75,000. Hedge funds and other institutional investors own 74.32% of the company’s stock.

A number of research firms have recently issued reports on NFG. Zacks Investment Research lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. TheStreet lowered shares of National Fuel Gas from a “b” rating to a “c+” rating in a research report on Friday, November 2nd. Finally, ValuEngine raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $60.00.

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About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

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