Massachusetts Financial Services Co. MA lifted its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 59.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,675 shares of the oil and gas producer's stock after purchasing an additional 71,375 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.21% of National Fuel Gas worth $11,631,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Kentucky Trust Co bought a new stake in National Fuel Gas during the 4th quarter worth about $25,000. UMB Bank n.a. increased its position 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 acquiring an additional 218 shares during the last quarter. S.A. Mason LLC bought a new stake in National Fuel Gas during the fourth quarter worth about $38,000. V Square Quantitative Management LLC raised its holdings in National Fuel Gas by 49.5% during the fourth 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 in the last quarter. Finally, IAG Wealth Partners LLC acquired a new position in National Fuel Gas during the fourth quarter valued at approximately $46,000. Institutional investors own 73.96% of the company's stock.
National Fuel Gas Stock Performance
Shares of NFG traded up $2.47 during mid-day trading on Friday, reaching $76.41. The company's stock had a trading volume of 796,803 shares, compared to its average volume of 548,470. 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 business has a 50-day simple moving average of $75.01 and a two-hundred day simple moving average of $66.91. The stock has a market cap of $6.92 billion, a P/E ratio of -545.72 and a beta of 0.61.
National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, beating 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 in the prior year, the business posted $1.46 earnings per share. As a group, equities research analysts anticipate that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.
National Fuel Gas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.515 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.06 annualized dividend and a yield of 2.70%. National Fuel Gas's dividend payout ratio is currently -1,471.43%.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. StockNews.com lowered National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. upped their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, National Fuel Gas has an average rating of "Hold" and an average target price of $74.67.
Read Our Latest Stock Analysis on NFG
National Fuel Gas Company Profile
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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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