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

HighTower Advisors LLC grew its position in National Fuel Gas (NYSE:NFG - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,494 shares of the oil and gas producer's stock after acquiring an additional 8,086 shares during the period. HighTower Advisors LLC's holdings in National Fuel Gas were worth $1,972,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Atria Investments Inc purchased a new stake in shares of National Fuel Gas during the third quarter worth about $219,000. Natixis Advisors LLC grew its holdings in shares of National Fuel Gas by 14.3% during the third quarter. Natixis Advisors LLC now owns 51,333 shares of the oil and gas producer's stock worth $3,111,000 after buying an additional 6,435 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of National Fuel Gas by 4.7% during the third quarter. PNC Financial Services Group Inc. now owns 79,619 shares of the oil and gas producer's stock worth $4,826,000 after buying an additional 3,559 shares in the last quarter. Advisors Asset Management Inc. boosted its position in National Fuel Gas by 53.9% during the third quarter. Advisors Asset Management Inc. now owns 21,451 shares of the oil and gas producer's stock worth $1,300,000 after acquiring an additional 7,510 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in National Fuel Gas by 0.9% during 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 buying an additional 7,830 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

NFG has been the topic of a number of analyst reports. StockNews.com raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $74.67.

National Fuel Gas Stock Down 0.4 %

Shares of NYSE:NFG traded down $0.29 during trading hours on Thursday, reaching $78.62. The stock had a trading volume of 443,552 shares, compared to its average volume of 512,032. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39. The firm's 50 day moving average is $73.08 and its 200-day moving average is $65.40. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of -561.51 and a beta of 0.57. National Fuel Gas has a 1 year low of $51.46 and a 1 year high of $79.80.

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 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 in the previous year, the business earned $1.46 earnings per share. Research analysts predict that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Monday, March 31st. National Fuel Gas's dividend payout ratio is currently -1,471.43%.

National Fuel Gas Company 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.