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

Tidal Investments LLC raised its holdings in shares of National Fuel Gas (NYSE:NFG - Free Report) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

A number of other large investors have also recently added to or reduced their stakes in NFG. Sherbrooke Park Advisers LLC acquired a new stake in shares of National Fuel Gas during the 4th quarter valued at $981,000. Private Capital Management LLC raised its position in shares of National Fuel Gas by 6.7% during the fourth quarter. Private Capital Management LLC now owns 20,800 shares of the oil and gas producer's stock valued at $1,262,000 after buying an additional 1,300 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of National Fuel Gas by 78.1% during the fourth quarter. Quantinno Capital Management LP now owns 30,147 shares of the oil and gas producer's stock valued at $1,829,000 after buying an additional 13,223 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of National Fuel Gas in the 4th quarter valued at approximately $736,000. Finally, Millennium Management LLC grew its stake in shares of National Fuel Gas by 20.5% in the 4th quarter. Millennium Management LLC now owns 272,130 shares of the oil and gas producer's stock valued at $16,513,000 after purchasing an additional 46,216 shares during the period. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Stock Performance

Shares of NFG stock traded down $0.71 during trading hours on Thursday, hitting $81.25. 51,318 shares of the company were exchanged, compared to its average volume of 558,014. National Fuel Gas has a 52-week low of $53.03 and a 52-week high of $83.68. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of -580.21 and a beta of 0.61. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $78.90 and a 200 day simple moving average of $71.24.

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, topping analysts' consensus estimates of $2.18 by $0.21. The company 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 was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.79 EPS. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.54%. The ex-dividend date was Monday, March 31st. National Fuel Gas's payout ratio is currently 479.07%.

Wall Street Analyst Weigh In

NFG has been the topic of a number of recent research reports. Bank of America increased their price objective on National Fuel Gas from $77.00 to $85.00 and gave the company an "underperform" rating in a research report on Friday, May 23rd. Wall Street Zen raised National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a research report on Thursday, March 13th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, National Fuel Gas presently has an average rating of "Hold" and an average price target 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.