Invesco Ltd. Lowers Position in National Fuel Gas (NYSE:NFG)

Invesco Ltd. trimmed its position in shares of National Fuel Gas (NYSE:NFG - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 490,969 shares of the oil and gas producer's stock after selling 68,355 shares during the period. Invesco Ltd. owned 0.54% of National Fuel Gas worth $29,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kentucky Trust Co acquired a new position in shares of National Fuel Gas in the fourth quarter valued at $25,000. UMB Bank n.a. boosted its holdings 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 worth $29,000 after buying an additional 218 shares during the period. S.A. Mason LLC bought a new stake in shares of National Fuel Gas during the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd grew its stake 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 valued at $40,000 after buying an additional 453 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings 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 valued at $44,000 after acquiring an additional 239 shares during the period. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NFG. JPMorgan Chase & Co. upped their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, March 13th. StockNews.com raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, National Fuel Gas presently has an average rating of "Hold" and an average price target of $74.67.

National Fuel Gas Trading Down 0.0 %

Shares of NYSE:NFG traded down $0.01 during midday trading on Wednesday, hitting $78.19. 63,728 shares of the stock were exchanged, compared to its average volume of 679,489. The business's 50-day moving average price is $75.87 and its 200 day moving average price is $67.78. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of -558.46 and a beta of 0.61. National Fuel Gas has a 12 month low of $52.66 and a 12 month high of $80.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced 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 positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter last year, the company posted $1.46 earnings per share. Analysts predict that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.515 per share. The ex-dividend date was Monday, March 31st. This represents a $2.06 annualized dividend and a dividend yield of 2.63%. National Fuel Gas's payout ratio is -1,471.43%.

National Fuel Gas 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.