LSV Asset Management lowered its holdings in shares of National Fuel Gas (NYSE:NFG - Free Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,661,346 shares of the oil and gas producer's stock after selling 24,152 shares during the period. LSV Asset Management owned 1.83% of National Fuel Gas worth $100,810,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of NFG. Kentucky Trust Co acquired a new position in shares of National Fuel Gas during the 4th quarter worth approximately $25,000. UMB Bank n.a. increased its holdings in shares of National Fuel Gas by 82.9% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock valued at $29,000 after purchasing an additional 218 shares during the last quarter. S.A. Mason LLC bought a new position in shares of National Fuel Gas in the fourth quarter valued at about $38,000. Aster Capital Management DIFC Ltd lifted its stake in shares of National Fuel Gas by 223.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer's stock worth $40,000 after buying an additional 453 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings 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 buying an additional 239 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.
National Fuel Gas Price Performance
National Fuel Gas stock traded up $0.44 during mid-day trading on Tuesday, reaching $78.01. 510,406 shares of the company were exchanged, compared to its average volume of 548,251. The firm has a market cap of $7.06 billion, a PE ratio of -557.17 and a beta of 0.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33. The company has a fifty day simple moving average of $75.11 and a 200-day simple moving average of $67.08. National Fuel Gas has a 12 month low of $51.46 and a 12 month high of $80.14.
National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share 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 quarter in the previous year, the business earned $1.46 earnings per share. As a group, equities research analysts expect that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.
National Fuel Gas Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, March 31st. National Fuel Gas's dividend payout ratio is presently -1,471.43%.
Analysts Set New Price Targets
Several research analysts have weighed in on NFG shares. JPMorgan Chase & Co. increased their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, March 13th. StockNews.com cut National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $74.67.
Check Out Our Latest Stock Analysis on National Fuel Gas
About National Fuel Gas
(
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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