National Fuel Gas (NYSE:NFG) Shares Purchased by Summit Global Investments

Summit Global Investments boosted its stake in shares of National Fuel Gas (NYSE:NFG - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,836 shares of the oil and gas producer's stock after buying an additional 7,740 shares during the period. Summit Global Investments owned 0.06% of National Fuel Gas worth $3,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of National Fuel Gas during the 4th quarter worth $9,067,000. Victory Capital Management Inc. boosted 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 worth $156,807,000 after purchasing an additional 85,950 shares in the last quarter. Ibex Wealth Advisors acquired a new position in National Fuel Gas during the 4th quarter valued at about $4,943,000. Barclays PLC raised its stake in National Fuel Gas by 243.7% in the third quarter. Barclays PLC now owns 102,672 shares of the oil and gas producer's stock valued at $6,223,000 after buying an additional 72,802 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in National Fuel Gas by 33.3% in the third 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. Institutional investors own 73.96% of the company's stock.

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National Fuel Gas Price Performance

Shares of NYSE:NFG traded up $0.16 during trading on Tuesday, reaching $78.44. 556,522 shares of the company's stock traded hands, compared to its average volume of 512,014. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas has a fifty-two week low of $51.46 and a fifty-two week high of $79.35. The company has a 50-day simple moving average of $72.83 and a 200-day simple moving average of $65.31. The firm has a market cap of $7.10 billion, a PE ratio of -560.25 and a beta of 0.57.

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, topping analysts' consensus estimates 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 company earned $1.46 EPS. As a group, analysts predict that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.63%. National Fuel Gas's dividend payout ratio (DPR) is presently -1,471.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NFG shares. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a research note 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.