Quantinno Capital Management LP Has $1.83 Million Holdings in National Fuel Gas (NYSE:NFG)

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

Several other institutional investors have also modified their holdings of NFG. Norges Bank purchased a new stake in shares of National Fuel Gas in the fourth quarter valued at about $67,393,000. Northern Trust Corp grew its position in National Fuel Gas by 37.9% during the fourth quarter. Northern Trust Corp now owns 1,019,072 shares of the oil and gas producer's stock valued at $61,837,000 after acquiring an additional 279,857 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in National Fuel Gas during the 4th quarter worth approximately $16,906,000. Raymond James Financial Inc. acquired a new stake in shares of National Fuel Gas in the fourth quarter worth $9,067,000. Finally, Geode Capital Management LLC increased its holdings in National Fuel Gas by 5.6% in the 4th 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 purchasing an additional 117,351 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

National Fuel Gas Trading Up 0.9%

Shares of NYSE:NFG traded up $0.74 during midday trading on Tuesday, reaching $83.16. The company had a trading volume of 67,037 shares, compared to its average volume of 558,804. National Fuel Gas has a 1-year low of $53.03 and a 1-year high of $83.35. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of -593.93 and a beta of 0.61. The company has a fifty day simple moving average of $78.75 and a two-hundred day simple moving average of $71.08.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.21. The firm 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 business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $1.79 EPS. Research analysts predict that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Monday, March 31st. National Fuel Gas's dividend payout ratio (DPR) is currently 479.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America increased their price objective on shares of National Fuel Gas from $77.00 to $85.00 and gave the company an "underperform" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, March 13th. Finally, Wall Street Zen raised National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $82.33.

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.