New Age Alpha Advisors LLC Invests $221,000 in National Fuel Gas (NYSE:NFG)

New Age Alpha Advisors LLC bought a new stake in National Fuel Gas (NYSE:NFG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,644 shares of the oil and gas producer's stock, valued at approximately $221,000.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of National Fuel Gas in the fourth quarter worth $67,393,000. Raymond James Financial Inc. acquired a new position in National Fuel Gas during the 4th quarter worth about $9,067,000. Victory Capital Management Inc. grew its position in shares of National Fuel Gas by 3.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,584,155 shares of the oil and gas producer's stock valued at $156,807,000 after buying an additional 85,950 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in shares of National Fuel Gas in the fourth quarter valued at about $4,943,000. Finally, Barclays PLC raised its position in shares of National Fuel Gas by 243.7% during the third quarter. Barclays PLC now owns 102,672 shares of the oil and gas producer's stock worth $6,223,000 after acquiring an additional 72,802 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Trading Up 0.2 %

Shares of NYSE:NFG traded up $0.15 during midday trading on Monday, reaching $73.18. The company's stock had a trading volume of 1,165,018 shares, compared to its average volume of 542,923. National Fuel Gas has a fifty-two week low of $51.46 and a fifty-two week 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. The firm has a 50 day moving average price of $74.51 and a two-hundred day moving average price of $66.42. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of -522.64 and a beta of 0.61.

Remove Ads

National Fuel Gas (NYSE:NFG - Get Free Report) last issued 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 period last year, the firm earned $1.46 EPS. As a group, analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Monday, March 31st. National Fuel Gas's dividend payout ratio is presently -1,471.43%.

Analysts Set New Price Targets

A number of research firms recently commented on NFG. JPMorgan Chase & Co. upped their target price on 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 downgraded shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, National Fuel Gas currently has a consensus rating of "Hold" and an average target price of $74.67.

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.