XTX Topco Ltd trimmed its position in National Fuel Gas (NYSE:NFG - Free Report) by 82.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,513 shares of the oil and gas producer's stock after selling 16,121 shares during the quarter. XTX Topco Ltd's holdings in National Fuel Gas were worth $213,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Kentucky Trust Co purchased a new position in National Fuel Gas during the 4th quarter valued at about $25,000. UMB Bank n.a. grew its position in National Fuel Gas by 82.9% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock valued at $29,000 after purchasing an additional 218 shares in the last quarter. S.A. Mason LLC acquired a new position in National Fuel Gas in the 4th quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd lifted its position 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 buying an additional 453 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of National Fuel Gas by 49.5% during the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer's stock valued at $44,000 after buying an additional 239 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
NFG has been the topic of several research reports. StockNews.com raised National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. increased 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 note on Thursday, March 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $74.67.
Get Our Latest Stock Report on NFG
National Fuel Gas Stock Performance
Shares of NFG stock traded up $1.25 during trading on Friday, reaching $80.45. The company had a trading volume of 163,772 shares, compared to its average volume of 553,642. The firm's 50 day simple moving average is $76.59 and its two-hundred day simple moving average is $68.59. National Fuel Gas has a one year low of $53.03 and a one year high of $80.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33. The company has a market capitalization of $7.28 billion, a PE ratio of -574.32 and a beta of 0.61.
National Fuel Gas (NYSE:NFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.21. The company had revenue of $729.95 million for the quarter, compared to analyst estimates 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 company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 earnings per share. Sell-side analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current year.
National Fuel Gas Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Monday, March 31st. National Fuel Gas's dividend payout ratio is currently -1,471.43%.
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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