Quantinno Capital Management LP Acquires 13,223 Shares of National Fuel Gas (NYSE:NFG)

Quantinno Capital Management LP lifted its position in National Fuel Gas (NYSE:NFG - Free Report) by 78.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,147 shares of the oil and gas producer's stock after buying an additional 13,223 shares during the quarter. Quantinno Capital Management LP's holdings in National Fuel Gas were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NFG. Kentucky Trust Co acquired a new position in National Fuel Gas during the 4th quarter valued at $25,000. UMB Bank n.a. raised its stake in National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock valued at $29,000 after purchasing an additional 218 shares during the last quarter. Quarry LP acquired a new position in National Fuel Gas during the 4th quarter valued at $32,000. S.A. Mason LLC acquired a new position in National Fuel Gas during the 4th quarter valued at $38,000. Finally, Aster Capital Management DIFC Ltd raised its stake 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 valued at $40,000 after purchasing an additional 453 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NFG. Bank of America upped their target price on shares of National Fuel Gas from $77.00 to $85.00 and gave the company an "underperform" rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, March 13th. Finally, Wall Street Zen upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $82.33.

National Fuel Gas Trading Up 2.4%

Shares of National Fuel Gas stock traded up $1.92 on Friday, hitting $82.47. 480,329 shares of the company's stock traded hands, compared to its average volume of 560,759. The firm's 50-day moving average price is $78.67 and its two-hundred day moving average price is $70.84. The stock has a market capitalization of $7.45 billion, a PE ratio of -589.04 and a beta of 0.61. National Fuel Gas has a one year low of $53.03 and a one year high of $83.35. 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 issued its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, beating the consensus estimate of $2.18 by $0.21. The company had revenue of $729.95 million during 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 business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.79 EPS. On average, research analysts expect that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.515 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.50%. National Fuel Gas's dividend payout ratio is 479.07%.

National Fuel Gas 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.