Tidal Investments LLC Purchases 5,935 Shares of National Fuel Gas (NYSE:NFG)

Tidal Investments LLC raised its stake in shares of National Fuel Gas (NYSE:NFG - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,981 shares of the oil and gas producer's stock after buying an additional 5,935 shares during the period. Tidal Investments LLC's holdings in National Fuel Gas were worth $1,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kentucky Trust Co bought a new stake in National Fuel Gas during the fourth quarter valued at approximately $25,000. UMB Bank n.a. grew its position in shares of 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 acquiring an additional 218 shares during the period. Quarry LP bought a new stake in shares of National Fuel Gas during the 4th quarter valued at $32,000. S.A. Mason LLC purchased a new stake in shares of National Fuel Gas in the 4th quarter worth $38,000. Finally, Aster Capital Management DIFC Ltd raised its holdings in National Fuel Gas by 223.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer's stock worth $40,000 after purchasing an additional 453 shares during the period. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Price Performance

Shares of NYSE NFG traded up $0.72 during mid-day trading on Tuesday, reaching $83.14. The company's stock had a trading volume of 407,319 shares, compared to its average volume of 560,145. 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 has a 52 week low of $53.03 and a 52 week high of $83.37. The stock has a fifty day moving average of $78.75 and a two-hundred day moving average of $71.08. The firm has a market capitalization of $7.51 billion, a PE ratio of -593.82 and a beta of 0.61.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.21. The business had revenue of $729.95 million during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.79 EPS. As a group, sell-side analysts anticipate that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

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

Analyst Ratings Changes

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

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.