Polymer Capital Management US LLC acquired a new stake in shares of National Fuel Gas (NYSE:NFG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,754 shares of the oil and gas producer's stock, valued at approximately $228,000.
A number of other institutional investors also recently modified their holdings of NFG. Schroder Investment Management Group increased its stake in shares of National Fuel Gas by 4.0% in the fourth quarter. Schroder Investment Management Group now owns 9,122 shares of the oil and gas producer's stock worth $551,000 after purchasing an additional 350 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of National Fuel Gas during the fourth quarter worth approximately $238,000. Zacks Investment Management purchased a new position in shares of National Fuel Gas in the third quarter worth about $957,000. Vestcor Inc purchased a new stake in shares of National Fuel Gas during the third quarter valued at approximately $716,000. Finally, ING Groep NV bought a new stake in National Fuel Gas in the 4th quarter worth $1,086,000. 73.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. 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 note on Thursday, March 13th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $74.67.
View Our Latest Report on National Fuel Gas
National Fuel Gas Stock Up 1.3 %
NYSE NFG traded up $1.03 on Monday, reaching $77.49. 73,640 shares of the stock traded hands, compared to its average volume of 546,600. The company has a market cap of $7.02 billion, a price-to-earnings ratio of -553.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39. National Fuel Gas has a 12 month low of $51.46 and a 12 month high of $80.14. The company has a fifty day moving average price of $75.01 and a 200-day moving average price of $66.97.
National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, topping 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 business earned $1.46 earnings per share. As a group, research analysts forecast that National Fuel Gas will post 6.64 EPS for the current fiscal 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 $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, March 31st. National Fuel Gas's payout ratio is currently -1,471.43%.
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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