Voya Investment Management LLC Has $13.90 Million Holdings in National Fuel Gas (NYSE:NFG)

Voya Investment Management LLC lessened its position in shares of National Fuel Gas (NYSE:NFG - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,085 shares of the oil and gas producer's stock after selling 9,393 shares during the period. Voya Investment Management LLC owned approximately 0.25% of National Fuel Gas worth $13,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NFG. CIBC Private Wealth Group LLC increased its position in National Fuel Gas by 14.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,221 shares of the oil and gas producer's stock worth $76,000 after buying an additional 153 shares during the period. UMB Bank n.a. increased 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 worth $29,000 after acquiring an additional 218 shares during the period. V Square Quantitative Management LLC raised its stake in National Fuel Gas by 49.5% in the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 239 shares in the last quarter. Mariner LLC boosted its holdings in National Fuel Gas by 1.3% in the 4th quarter. Mariner LLC now owns 20,291 shares of the oil and gas producer's stock valued at $1,231,000 after purchasing an additional 258 shares during the period. Finally, Evergreen Capital Management LLC grew its position in shares of National Fuel Gas by 2.0% during the 4th quarter. Evergreen Capital Management LLC now owns 13,765 shares of the oil and gas producer's stock worth $842,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NFG shares. StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. increased their target price on National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, March 13th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat, National Fuel Gas has a consensus rating of "Hold" and an average price target of $74.67.

National Fuel Gas Price Performance

Shares of NFG stock traded up $2.38 during trading hours on Thursday, reaching $79.16. The company's stock had a trading volume of 1,147,299 shares, compared to its average volume of 554,687. National Fuel Gas has a fifty-two week low of $52.66 and a fifty-two week high of $80.14. The firm's 50 day simple moving average is $76.47 and its 200-day simple moving average is $68.46. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of -565.37 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 firm had revenue of $729.95 million during the quarter, compared to the consensus estimate of $770.81 million. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a yield of 2.60%. National Fuel Gas's payout ratio is presently -1,471.43%.

National Fuel Gas Company Profile

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.