Pursuit Wealth Management LLC Makes New $556,000 Investment in National Fuel Gas Company $NFG

Pursuit Wealth Management LLC acquired a new stake in National Fuel Gas Company (NYSE:NFG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,947 shares of the oil and gas producer’s stock, valued at approximately $556,000.

Several other hedge funds also recently made changes to their positions in NFG. Childress Capital Advisors LLC raised its stake in National Fuel Gas by 47.4% in the fourth quarter. Childress Capital Advisors LLC now owns 5,389 shares of the oil and gas producer’s stock valued at $431,000 after purchasing an additional 1,733 shares in the last quarter. KBC Group NV increased its stake in National Fuel Gas by 294.9% in the fourth quarter. KBC Group NV now owns 13,976 shares of the oil and gas producer’s stock valued at $1,119,000 after acquiring an additional 10,437 shares during the last quarter. Phocas Financial Corp. acquired a new position in National Fuel Gas during the fourth quarter valued at approximately $7,086,000. Farther Finance Advisors LLC boosted its holdings in shares of National Fuel Gas by 84.2% in the 4th quarter. Farther Finance Advisors LLC now owns 18,329 shares of the oil and gas producer’s stock valued at $1,467,000 after purchasing an additional 8,377 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of National Fuel Gas by 39.9% in the 4th quarter. Assetmark Inc. now owns 1,279 shares of the oil and gas producer’s stock valued at $102,000 after purchasing an additional 365 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NFG. KeyCorp assumed coverage on National Fuel Gas in a research report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price objective for the company. Scotiabank set a $101.00 target price on National Fuel Gas in a research report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.00.

National Fuel Gas Price Performance

Shares of NYSE:NFG opened at $89.53 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.65. National Fuel Gas Company has a 52 week low of $75.73 and a 52 week high of $97.06. The firm has a market cap of $8.51 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.17 and a beta of 0.52. The firm’s fifty day moving average is $91.34 and its 200-day moving average is $85.48.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.15. The business had revenue of $651.51 million during the quarter, compared to the consensus estimate of $650.70 million. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.National Fuel Gas’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 earnings per share. Sell-side analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, March 31st. National Fuel Gas’s dividend payout ratio (DPR) is 29.85%.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.