National Fuel Gas (NYSE:NFG) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in shares of National Fuel Gas (NYSE:NFG - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,494 shares of the oil and gas producer's stock after purchasing an additional 8,086 shares during the quarter. HighTower Advisors LLC's holdings in National Fuel Gas were worth $1,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFG. Victory Capital Management Inc. boosted its position in shares of National Fuel Gas by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,584,155 shares of the oil and gas producer's stock worth $156,807,000 after buying an additional 85,950 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in National Fuel Gas by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 920,918 shares of the oil and gas producer's stock worth $55,817,000 after acquiring an additional 7,830 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of National Fuel Gas by 33.3% during the 3rd quarter. Franklin Resources Inc. now owns 220,869 shares of the oil and gas producer's stock worth $13,386,000 after acquiring an additional 55,152 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in National Fuel Gas by 0.5% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 159,753 shares of the oil and gas producer's stock worth $9,694,000 after purchasing an additional 792 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in National Fuel Gas in the fourth quarter valued at $9,067,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFG. JPMorgan Chase & Co. raised their target price 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. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $74.67.

National Fuel Gas Trading Up 0.0 %

Shares of NYSE NFG traded up $0.01 during midday trading on Tuesday, hitting $78.29. The stock had a trading volume of 190,001 shares, compared to its average volume of 668,295. National Fuel Gas has a 1-year low of $51.46 and a 1-year high of $79.35. The company has a fifty day moving average price of $72.56 and a 200 day moving average price of $65.17. 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 $7.09 billion, a price-to-earnings ratio of -558.99 and a beta of 0.57.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $1.46 EPS. On average, analysts predict that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.515 per share. The ex-dividend date is Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a yield of 2.63%. National Fuel Gas's dividend payout ratio is currently -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.