Aquatic Capital Management LLC purchased a new position in shares of National Fuel Gas (NYSE:NFG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,075 shares of the oil and gas producer's stock, valued at approximately $672,000.
Several other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of National Fuel Gas during the fourth quarter worth $67,393,000. Brandywine Global Investment Management LLC bought a new stake in shares of National Fuel Gas during the fourth quarter worth about $16,906,000. Raymond James Financial Inc. bought a new position in National Fuel Gas in the 4th quarter valued at approximately $9,067,000. Geode Capital Management LLC raised its stake in shares of National Fuel Gas by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 2,199,787 shares of the oil and gas producer's stock valued at $146,502,000 after acquiring an additional 117,351 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in National Fuel Gas by 3.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,584,155 shares of the oil and gas producer's stock worth $156,807,000 after purchasing an additional 85,950 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.
Wall Street Analysts Forecast Growth
NFG has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a research report on Thursday, March 13th. StockNews.com raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $74.67.
Check Out Our Latest Stock Report on National Fuel Gas
National Fuel Gas Trading Up 0.7 %
NFG stock traded up $0.56 during trading on Wednesday, reaching $82.64. The company had a trading volume of 63,581 shares, compared to its average volume of 556,982. The company has a market cap of $7.48 billion, a P/E ratio of -589.68 and a beta of 0.61. The business has a 50 day moving average of $77.10 and a 200 day moving average of $69.06. National Fuel Gas has a 52 week low of $53.03 and a 52 week high of $82.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33.
National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.21. The business had revenue of $729.95 million during the quarter, compared to analyst estimates of $770.81 million. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $1.79 EPS. As a group, sell-side analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.
National Fuel Gas Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. National Fuel Gas's dividend payout ratio (DPR) is 479.07%.
About National Fuel Gas
(
Free Report)
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.
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