Summit Global Investments Purchases 7,740 Shares of National Fuel Gas (NYSE:NFG)

Summit Global Investments raised its holdings in shares of National Fuel Gas (NYSE:NFG - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,836 shares of the oil and gas producer's stock after acquiring an additional 7,740 shares during the quarter. Summit Global Investments owned approximately 0.06% of National Fuel Gas worth $3,327,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Daiwa Securities Group Inc. grew its position in National Fuel Gas by 12.6% during the third quarter. Daiwa Securities Group Inc. now owns 7,698 shares of the oil and gas producer's stock valued at $467,000 after purchasing an additional 859 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of National Fuel Gas during the 4th quarter valued at $238,000. Zacks Investment Management purchased a new position in shares of National Fuel Gas during the 3rd quarter valued at $957,000. Empowered Funds LLC acquired a new position in shares of National Fuel Gas in the third quarter worth $1,277,000. Finally, Vestcor Inc purchased a new stake in shares of National Fuel Gas during the third quarter worth $716,000. Institutional investors and hedge funds own 73.96% of the company's stock.

National Fuel Gas Stock Up 0.7 %

Shares of NFG stock traded up $0.52 on Wednesday, hitting $78.85. The company's stock had a trading volume of 607,441 shares, compared to its average volume of 512,334. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of -563.18 and a beta of 0.57. National Fuel Gas has a fifty-two week low of $51.46 and a fifty-two week high of $79.49. The firm's fifty day moving average price is $72.83 and its 200-day moving average price is $65.31.

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National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share 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 period in the previous year, the company earned $1.46 earnings per share. Research analysts anticipate that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.06 annualized dividend and a yield of 2.61%. National Fuel Gas's dividend payout ratio (DPR) is presently -1,471.43%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFG. StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.