A. D. Beadell Investment Counsel Inc. lifted its position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 322.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,890 shares of the oil and gas producer's stock after buying an additional 13,655 shares during the quarter. A. D. Beadell Investment Counsel Inc.'s holdings in National Fuel Gas were worth $1,381,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. SJS Investment Consulting Inc. raised its holdings in National Fuel Gas by 458.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 229 shares during the last quarter. Fairscale Capital LLC bought a new stake in National Fuel Gas during the 4th quarter worth approximately $29,000. HM Payson & Co. bought a new stake in National Fuel Gas during the 4th quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC bought a new stake in National Fuel Gas during the 1st quarter worth approximately $38,000. Finally, SHP Wealth Management acquired a new position in National Fuel Gas in the 4th quarter valued at approximately $44,000. Institutional investors own 73.96% of the company's stock.
National Fuel Gas Stock Performance
NFG opened at $83.18 on Tuesday. The company has a current ratio of 3.20, a quick ratio of 3.07 and a debt-to-equity ratio of 0.91. The company's fifty day moving average price is $80.85 and its two-hundred day moving average price is $84.47. National Fuel Gas Company has a 1-year low of $75.17 and a 1-year high of $97.06. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.84 and a beta of 0.37.
National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.10. The firm had revenue of $537.50 million during the quarter, compared to analysts' expectations of $564.33 million. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The business's revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.64 earnings per share. On average, analysts expect that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.
National Fuel Gas Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 2.7%. This is a boost from National Fuel Gas's previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, June 30th. National Fuel Gas's dividend payout ratio is 30.83%.
Analysts Set New Price Targets
A number of research firms recently commented on NFG. KeyCorp reaffirmed an "overweight" rating on shares of National Fuel Gas in a research note on Monday. Wall Street Zen downgraded shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Weiss Ratings lowered shares of National Fuel Gas from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, National Fuel Gas currently has an average rating of "Moderate Buy" and an average target price of $105.50.
Get Our Latest Stock Report on National Fuel Gas
National Fuel Gas Company Profile
(
Free Report)
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.
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