National Fuel Gas (NYSE:NFG) Shares Purchased by Bokf Na

Bokf Na increased its position in shares of National Fuel Gas (NYSE:NFG) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,562 shares of the oil and gas producer’s stock after purchasing an additional 2,120 shares during the quarter. Bokf Na’s holdings in National Fuel Gas were worth $2,377,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC purchased a new position in National Fuel Gas during the first quarter worth $28,000. Blue Trust Inc. increased its position in National Fuel Gas by 119.8% during the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 309 shares in the last quarter. Quent Capital LLC increased its position in National Fuel Gas by 166.4% during the fourth quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock worth $35,000 after buying an additional 431 shares in the last quarter. Lindbrook Capital LLC increased its position in National Fuel Gas by 123.0% during the first quarter. Lindbrook Capital LLC now owns 767 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 423 shares in the last quarter. Finally, LifeSteps Financial Inc. purchased a new position in National Fuel Gas during the first quarter worth $46,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 value of $348,554.31. Following the transaction, the general counsel now owns 9,903 shares in the company, valued at $542,981.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised their price target on National Fuel Gas from $75.00 to $80.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th.

National Fuel Gas Trading Up 0.9 %

Shares of NYSE:NFG traded up $0.51 during midday trading on Friday, reaching $57.92. The company’s stock had a trading volume of 573,306 shares, compared to its average volume of 552,601. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 11.49 and a beta of 0.62. 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 1 year low of $45.32 and a 1 year high of $58.60. The business has a 50 day moving average price of $55.75 and a 200 day moving average price of $52.80.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.38. The business had revenue of $629.94 million during the quarter, compared to the consensus estimate of $767.33 million. National Fuel Gas had a return on equity of 15.06% and a net margin of 23.84%. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. Research analysts forecast that National Fuel Gas will post 5.11 EPS for the current year.

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.515 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.56%. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.50. National Fuel Gas’s dividend payout ratio (DPR) is presently 40.87%.

National Fuel Gas Company 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.