Cullen Investment Group LTD. Purchases Shares of 33,371 National Fuel Gas (NYSE:NFG)

Cullen Investment Group LTD. acquired a new stake in shares of National Fuel Gas (NYSE:NFG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 33,371 shares of the oil and gas producer's stock, valued at approximately $1,674,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of 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 valued at $29,000 after purchasing an additional 309 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in shares of National Fuel Gas by 145.5% during the first quarter. Belpointe Asset Management LLC now owns 572 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 339 shares in the last quarter. Quent Capital LLC boosted its stake in shares of National Fuel Gas by 166.4% during the fourth quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer's stock valued at $35,000 after purchasing an additional 431 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new stake in National Fuel Gas in the third quarter valued at approximately $40,000. Finally, Stonebridge Capital Advisors LLC boosted its stake in National Fuel Gas by 68.9% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 760 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 310 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Scotiabank raised their target price on shares of National Fuel Gas from $67.00 to $72.00 and gave the company a "sector outperform" rating in a research note on Thursday. StockNews.com raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 20th.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock traded down $0.38 during trading hours on Monday, reaching $52.82. The stock had a trading volume of 388,614 shares, compared to its average volume of 581,404. The stock's 50 day moving average is $50.56 and its 200 day moving average is $50.76. The firm has a market capitalization of $4.87 billion, a PE ratio of 11.14 and a beta of 0.63. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $56.67. The company has a current ratio of 0.56, a quick ratio of 0.47 and a debt-to-equity ratio of 0.75.

National Fuel Gas (NYSE:NFG - Get Free Report) last released its earnings results 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. The business had revenue of $525.36 million during the quarter, compared to analysts' expectations of $664.57 million. National Fuel Gas had a net margin of 21.58% and a return on equity of 14.81%. The company's quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.84 earnings per share. Equities analysts expect that National Fuel Gas will post 4.87 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.495 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.98 annualized dividend and a yield of 3.75%. National Fuel Gas's dividend payout ratio is presently 41.51%.

About National Fuel Gas

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.