Gotham Asset Management LLC grew its holdings in shares of National Fuel Gas (NYSE:NFG - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,526 shares of the oil and gas producer's stock after acquiring an additional 40,997 shares during the quarter. Gotham Asset Management LLC owned 0.18% of National Fuel Gas worth $9,983,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Graham Capital Management L.P. bought a new position in shares of National Fuel Gas in the 4th quarter worth about $622,000. Focus Partners Wealth bought a new position in National Fuel Gas during the fourth quarter worth about $430,000. Deutsche Bank AG boosted its stake in National Fuel Gas by 5.8% in the 4th quarter. Deutsche Bank AG now owns 10,378 shares of the oil and gas producer's stock worth $630,000 after purchasing an additional 570 shares during the period. EP Wealth Advisors LLC boosted its stake in National Fuel Gas by 42.8% during the fourth quarter. EP Wealth Advisors LLC now owns 8,051 shares of the oil and gas producer's stock valued at $489,000 after buying an additional 2,415 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of National Fuel Gas by 18.3% during the 4th quarter. Cetera Investment Advisers now owns 12,660 shares of the oil and gas producer's stock worth $768,000 after acquiring an additional 1,954 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NFG. StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $74.67.
Check Out Our Latest Analysis on National Fuel Gas
National Fuel Gas Trading Up 2.1%
National Fuel Gas stock traded up $1.65 during trading hours on Thursday, reaching $81.05. The company had a trading volume of 695,532 shares, compared to its average volume of 561,841. 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 12-month low of $53.03 and a 12-month high of $83.35. The company has a 50-day moving average price of $77.86 and a 200 day moving average price of $69.78. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of -578.89 and a beta of 0.61.
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 the consensus estimate of $2.18 by $0.21. The company had revenue of $729.95 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $1.79 earnings per share. Equities analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current year.
National Fuel Gas Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.515 per share. The ex-dividend date was Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.54%. National Fuel Gas's dividend payout ratio is currently 479.07%.
About National Fuel Gas
(
Free Report)
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.
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