Arrowstreet Capital Limited Partnership Boosts Holdings in National Fuel Gas (NYSE:NFG)

Arrowstreet Capital Limited Partnership boosted its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,301 shares of the oil and gas producer's stock after purchasing an additional 19,111 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.07% of National Fuel Gas worth $4,023,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kentucky Trust Co purchased a new position in National Fuel Gas in the fourth quarter valued at approximately $25,000. UMB Bank n.a. lifted its position in shares of National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock valued at $29,000 after buying an additional 218 shares during the last quarter. S.A. Mason LLC purchased a new position in shares of National Fuel Gas during the 4th quarter valued at $38,000. V Square Quantitative Management LLC grew 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 worth $44,000 after acquiring an additional 239 shares during the period. Finally, IAG Wealth Partners LLC bought a new stake in National Fuel Gas in the 4th quarter valued at about $46,000. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFG. StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on shares of National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, National Fuel Gas presently has an average rating of "Hold" and an average price target of $74.67.

Remove Ads

National Fuel Gas Price Performance

Shares of National Fuel Gas stock traded up $1.32 on Monday, reaching $77.78. The stock had a trading volume of 16,367 shares, compared to its average volume of 546,396. The business's 50 day moving average is $75.01 and its two-hundred day moving average is $66.97. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80. National Fuel Gas has a 1 year low of $51.46 and a 1 year high of $80.14. The company has a market cap of $7.04 billion, a P/E ratio of -553.85 and a beta of 0.61.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same period in the previous year, the firm posted $1.46 EPS. As a group, research analysts anticipate that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, March 31st. National Fuel Gas's payout ratio is -1,471.43%.

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.