National Fuel Gas Company (NFG) To Go Ex-Dividend on June 30th

National Fuel Gas Company (NYSE:NFG) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.555 per share by the oil and gas producer on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 3.7% increase from National Fuel Gas’s previous quarterly dividend of $0.54.

National Fuel Gas has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 55 consecutive years. National Fuel Gas has a payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Fuel Gas to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 26.9%.

National Fuel Gas Trading Up 0.9%

Shares of NFG stock opened at $77.52 on Friday. The business’s 50 day moving average is $84.07 and its two-hundred day moving average is $85.02. National Fuel Gas has a twelve month low of $75.85 and a twelve month high of $97.06. The company has a market capitalization of $7.37 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.37. The company has a current ratio of 0.62, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.14). National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The company had revenue of $858.37 million during the quarter, compared to analysts’ expectations of $856.57 million. During the same quarter last year, the business posted $2.39 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities analysts forecast that National Fuel Gas will post 7.58 EPS for the current year.

Institutional Trading of National Fuel Gas

A number of institutional investors have recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its position in National Fuel Gas by 4.2% during the third quarter. New Age Alpha Advisors LLC now owns 3,184 shares of the oil and gas producer’s stock worth $294,000 after purchasing an additional 128 shares in the last quarter. Legacy Bridge LLC boosted its position in National Fuel Gas by 0.7% during the fourth quarter. Legacy Bridge LLC now owns 17,927 shares of the oil and gas producer’s stock worth $1,435,000 after purchasing an additional 132 shares in the last quarter. NewEdge Wealth LLC boosted its position in National Fuel Gas by 6.2% during the fourth quarter. NewEdge Wealth LLC now owns 2,680 shares of the oil and gas producer’s stock worth $215,000 after purchasing an additional 156 shares in the last quarter. Optas LLC boosted its position in National Fuel Gas by 5.3% during the first quarter. Optas LLC now owns 3,238 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 163 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in National Fuel Gas by 5.3% during the third quarter. OneDigital Investment Advisors LLC now owns 3,238 shares of the oil and gas producer’s stock worth $299,000 after purchasing an additional 164 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.