Martingale Asset Management L P purchased a new stake in National Fuel Gas (NYSE:NFG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,882 shares of the oil and gas producer's stock, valued at approximately $236,000.
Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in National Fuel Gas by 3.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,584,155 shares of the oil and gas producer's stock worth $156,807,000 after acquiring an additional 85,950 shares during the period. Geode Capital Management LLC lifted its holdings in National Fuel Gas by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 2,199,787 shares of the oil and gas producer's stock worth $146,502,000 after purchasing an additional 117,351 shares during the period. Norges Bank bought a new position in National Fuel Gas in the 4th quarter valued at about $67,393,000. Brandywine Global Investment Management LLC acquired a new position in National Fuel Gas during the 4th quarter valued at about $16,906,000. Finally, Franklin Resources Inc. raised its position in shares of National Fuel Gas by 33.3% during the 3rd quarter. Franklin Resources Inc. now owns 220,869 shares of the oil and gas producer's stock worth $13,386,000 after buying an additional 55,152 shares in the last quarter. Institutional investors own 73.96% of the company's stock.
National Fuel Gas Price Performance
Shares of NYSE NFG traded up $0.28 during trading on Friday, hitting $79.01. The company had a trading volume of 603,566 shares, compared to its average volume of 550,072. The company has a market cap of $7.15 billion, a P/E ratio of -564.32 and a beta of 0.61. 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 business's 50-day moving average is $75.64 and its 200 day moving average is $67.50. National Fuel Gas has a 52 week low of $51.81 and a 52 week high of $80.14.
National Fuel Gas (NYSE:NFG - Get Free Report) last announced its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter last year, the firm earned $1.46 EPS. Equities 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, March 31st. National Fuel Gas's payout ratio is -1,471.43%.
Analysts Set New Price Targets
A number of research analysts recently commented on NFG shares. StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. upped 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $74.67.
Get Our Latest Stock Report on NFG
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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