GAMMA Investing LLC Acquires 130,621 Shares of National Fuel Gas (NYSE:NFG)

GAMMA Investing LLC boosted its position in shares of National Fuel Gas (NYSE:NFG - Free Report) by 13,154.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,614 shares of the oil and gas producer's stock after acquiring an additional 130,621 shares during the period. GAMMA Investing LLC owned 0.15% of National Fuel Gas worth $10,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFG. Kentucky Trust Co acquired a new position in National Fuel Gas during the 4th quarter worth $25,000. Quarry LP acquired a new position in National Fuel Gas during the 4th quarter worth $32,000. Ameriflex Group Inc. acquired a new position in National Fuel Gas during the 4th quarter worth $36,000. Aster Capital Management DIFC Ltd lifted its position in National Fuel Gas by 223.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer's stock worth $40,000 after acquiring an additional 453 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in National Fuel Gas by 49.5% during the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer's stock worth $44,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

NFG has been the topic of several research reports. Bank of America boosted their price objective on shares of National Fuel Gas from $77.00 to $85.00 and gave the stock an "underperform" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. upped their price objective 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. Finally, Wall Street Zen raised shares of National Fuel Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, National Fuel Gas currently has an average rating of "Moderate Buy" and a consensus target price of $82.33.

National Fuel Gas Stock Performance

Shares of NFG traded down $0.05 during trading hours on Wednesday, reaching $81.96. 396,997 shares of the company traded hands, compared to its average volume of 558,292. The stock's fifty day moving average is $79.69 and its 200 day moving average is $72.65. The stock has a market cap of $7.41 billion, a P/E ratio of -585.39 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39. National Fuel Gas has a 1-year low of $53.03 and a 1-year high of $84.27.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.21. The business had revenue of $729.95 million for the quarter, compared to analysts' expectations of $770.81 million. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 earnings per share. Equities research analysts anticipate 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. Investors of record on Monday, March 31st were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a yield of 2.51%. National Fuel Gas's payout ratio is currently 479.07%.

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.