4,275 Shares in National Fuel Gas (NYSE:NFG) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in National Fuel Gas (NYSE:NFG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,275 shares of the oil and gas producer's stock, valued at approximately $259,000.

Several other institutional investors have also recently added to or reduced their stakes in NFG. Atria Investments Inc acquired a new stake in National Fuel Gas in the third quarter valued at $219,000. Empowered Funds LLC acquired a new stake in National Fuel Gas in the third quarter valued at $1,277,000. Natixis Advisors LLC raised its holdings in National Fuel Gas by 14.3% in the third quarter. Natixis Advisors LLC now owns 51,333 shares of the oil and gas producer's stock valued at $3,111,000 after acquiring an additional 6,435 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in National Fuel Gas during the third quarter valued at $2,399,000. Finally, Legacy Bridge LLC bought a new stake in National Fuel Gas during the third quarter valued at $1,066,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on NFG. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $74.67.

Remove Ads

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock traded down $0.83 during trading on Friday, hitting $78.18. 1,464,520 shares of the stock were exchanged, compared to its average volume of 678,608. The stock's fifty day moving average is $71.96 and its 200 day moving average is $64.83. The stock has a market cap of $7.08 billion, a PE ratio of -558.41 and a beta of 0.57. 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 $79.35.

National Fuel Gas (NYSE:NFG - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company earned $1.46 earnings per share. As a group, sell-side analysts anticipate that National Fuel Gas will post 6.64 EPS for the current 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 issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Monday, March 31st. National Fuel Gas's payout ratio is currently -1,471.43%.

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.