MERIAN GLOBAL INVESTORS UK Ltd Invests $5.87 Million in National Fuel Gas Co. (NFG)

MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in National Fuel Gas Co. (NYSE:NFG) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 104,622 shares of the oil and gas producer’s stock, valued at approximately $5,865,000.

Several other large investors also recently bought and sold shares of the company. First Hawaiian Bank bought a new stake in shares of National Fuel Gas in the 3rd quarter valued at approximately $683,000. Copper Rock Capital Partners LLC bought a new stake in shares of National Fuel Gas in the 3rd quarter valued at approximately $23,971,000. Radnor Capital Management LLC lifted its stake in shares of National Fuel Gas by 9.9% in the 3rd quarter. Radnor Capital Management LLC now owns 26,758 shares of the oil and gas producer’s stock valued at $1,500,000 after purchasing an additional 2,400 shares during the last quarter. Northwest Bancshares Inc. lifted its stake in shares of National Fuel Gas by 46.7% in the 3rd quarter. Northwest Bancshares Inc. now owns 34,231 shares of the oil and gas producer’s stock valued at $1,919,000 after purchasing an additional 10,901 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of National Fuel Gas by 7.9% in the 2nd quarter. Northern Trust Corp now owns 760,261 shares of the oil and gas producer’s stock valued at $40,263,000 after purchasing an additional 55,481 shares during the last quarter. 71.62% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE NFG opened at $58.24 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. National Fuel Gas Co. has a fifty-two week low of $48.31 and a fifty-two week high of $59.90. The company has a market capitalization of $4.94 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 3.52 and a beta of 0.81.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, August 2nd. The oil and gas producer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. National Fuel Gas had a return on equity of 15.77% and a net margin of 25.09%. The firm had revenue of $342.90 million for the quarter, compared to the consensus estimate of $380.47 million. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that National Fuel Gas Co. will post 3.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a $0.425 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.92%. National Fuel Gas’s payout ratio is 51.52%.

In other news, insider Ronald C. Kraemer sold 3,054 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $55.47, for a total value of $169,405.38. Following the sale, the insider now directly owns 34,427 shares in the company, valued at $1,909,665.69. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.57% of the company’s stock.

Several research firms have recently issued reports on NFG. Zacks Investment Research raised National Fuel Gas from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a research note on Friday. ValuEngine raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. TheStreet raised National Fuel Gas from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Finally, US Capital Advisors reaffirmed an “overweight” rating on shares of National Fuel Gas in a research note on Tuesday, July 17th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $61.60.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California in the Appalachian region of the United States.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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