Teacher Retirement System of Texas raised its stake in shares of National Fuel Gas (NYSE:NFG - Free Report) by 169.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,838 shares of the oil and gas producer's stock after acquiring an additional 29,458 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of National Fuel Gas worth $2,842,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock worth $29,000 after acquiring an additional 218 shares during the period. V Square Quantitative Management LLC grew its holdings in National Fuel Gas by 49.5% during the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer's stock valued at $44,000 after buying an additional 239 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in National Fuel Gas by 5.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,906 shares of the oil and gas producer's stock valued at $358,000 after buying an additional 280 shares in the last quarter. GAMMA Investing LLC increased its stake in National Fuel Gas by 42.7% in the 4th quarter. GAMMA Investing LLC now owns 993 shares of the oil and gas producer's stock worth $60,000 after acquiring an additional 297 shares during the last quarter. Finally, Hancock Whitney Corp boosted its position in shares of National Fuel Gas by 1.4% during the 3rd quarter. Hancock Whitney Corp now owns 21,363 shares of the oil and gas producer's stock valued at $1,295,000 after acquiring an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.
National Fuel Gas Trading Up 0.2 %
NYSE:NFG traded up $0.13 during mid-day trading on Friday, hitting $78.81. 499,207 shares of the stock traded hands, compared to its average volume of 530,791. 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 52 week low of $51.46 and a 52 week high of $79.49. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of -562.85 and a beta of 0.57. The firm's 50 day moving average is $73.51 and its two-hundred day moving average is $65.66.
National Fuel Gas (NYSE:NFG - Get Free Report) last released its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating 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 previous year, the business earned $1.46 EPS. On average, equities research analysts predict that National Fuel Gas will post 6.64 earnings per share for the current year.
National Fuel Gas Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Monday, March 31st. National Fuel Gas's dividend payout ratio is -1,471.43%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on NFG shares. JPMorgan Chase & Co. boosted their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a research report on Thursday, March 13th. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $74.67.
Check Out Our Latest Stock Analysis on National Fuel Gas
National Fuel Gas Company Profile
(
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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