Trexquant Investment LP Sells 73,198 Shares of National Fuel Gas (NYSE:NFG)

Trexquant Investment LP decreased its position in National Fuel Gas (NYSE:NFG - Free Report) by 61.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,053 shares of the oil and gas producer's stock after selling 73,198 shares during the period. Trexquant Investment LP owned about 0.05% of National Fuel Gas worth $2,794,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its position in shares of National Fuel Gas by 14.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,221 shares of the oil and gas producer's stock valued at $76,000 after acquiring an additional 153 shares during the period. UMB Bank n.a. increased its holdings 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 valued at $29,000 after purchasing an additional 218 shares during the period. V Square Quantitative Management LLC raised its position 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 purchasing an additional 239 shares during the last quarter. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 280 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings 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 buying an additional 297 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

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National Fuel Gas Stock Up 3.3 %

NFG stock traded up $2.47 during midday trading on Friday, hitting $76.41. The stock had a trading volume of 796,803 shares, compared to its average volume of 548,470. The business has a 50-day moving average of $75.01 and a two-hundred day moving average of $66.91. 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 firm has a market cap of $6.92 billion, a price-to-earnings ratio of -545.72 and a beta of 0.61. National Fuel Gas has a 52-week low of $51.46 and a 52-week high of $80.14.

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 earnings per share 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 firm posted $1.46 EPS. As a group, equities research analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, March 31st. National Fuel Gas's dividend payout ratio is -1,471.43%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NFG shares. 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 lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $74.67.

National Fuel Gas Company 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.