International Assets Investment Management LLC grew its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 8,630.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 336,139 shares of the oil and gas producer's stock after buying an additional 332,289 shares during the quarter. International Assets Investment Management LLC owned 0.36% of National Fuel Gas worth $16,864,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA raised its holdings in shares of National Fuel Gas by 6.5% in the 4th quarter. Private Trust Co. NA now owns 5,399 shares of the oil and gas producer's stock worth $271,000 after buying an additional 331 shares in the last quarter. Quent Capital LLC grew its position in National Fuel Gas by 166.4% in the fourth quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer's stock valued at $35,000 after acquiring an additional 431 shares during the period. Blue Trust Inc. raised its stake in National Fuel Gas by 119.8% during the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer's stock worth $29,000 after acquiring an additional 309 shares in the last quarter. Courier Capital LLC lifted its holdings in shares of National Fuel Gas by 3.7% during the fourth quarter. Courier Capital LLC now owns 12,956 shares of the oil and gas producer's stock valued at $650,000 after acquiring an additional 458 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of National Fuel Gas by 139.0% in the 4th quarter. Pacer Advisors Inc. now owns 18,411 shares of the oil and gas producer's stock valued at $924,000 after purchasing an additional 10,708 shares in the last quarter. 73.96% of the stock is owned by institutional investors.
National Fuel Gas Price Performance
Shares of NYSE:NFG traded down $0.56 during midday trading on Friday, reaching $53.19. The company's stock had a trading volume of 551,925 shares, compared to its average volume of 584,120. The business's fifty day simple moving average is $50.43 and its 200-day simple moving average is $50.78. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.56 and a quick ratio of 0.47. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $57.10. The company has a market capitalization of $4.90 billion, a P/E ratio of 11.12 and a beta of 0.63.
National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.14. National Fuel Gas had a net margin of 21.58% and a return on equity of 14.81%. The firm had revenue of $525.36 million for the quarter, compared to analyst estimates of $664.57 million. During the same quarter in the prior year, the firm earned $1.84 EPS. The company's revenue was down 20.3% on a year-over-year basis. As a group, equities research analysts expect that National Fuel Gas will post 4.87 EPS for the current fiscal year.
National Fuel Gas Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, March 27th. National Fuel Gas's dividend payout ratio is currently 41.51%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on NFG shares. Scotiabank increased their target price on shares of National Fuel Gas from $67.00 to $72.00 and gave the stock a "sector outperform" rating in a research report on Thursday. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 20th.
Read Our Latest Research Report on NFG
National Fuel Gas Company Profile
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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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