Sanctuary Advisors LLC Invests $783,000 in National Fuel Gas Company $NFG

Sanctuary Advisors LLC acquired a new stake in shares of National Fuel Gas Company (NYSE:NFGFree Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,145 shares of the oil and gas producer’s stock, valued at approximately $783,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. bought a new stake in National Fuel Gas during the 2nd quarter worth approximately $748,569,000. Energy Income Partners LLC bought a new position in National Fuel Gas in the second quarter valued at approximately $231,309,000. Price T Rowe Associates Inc. MD lifted its stake in National Fuel Gas by 653.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock valued at $126,718,000 after buying an additional 1,372,742 shares in the last quarter. Norges Bank acquired a new position in shares of National Fuel Gas in the fourth quarter valued at approximately $92,415,000. Finally, AQR Capital Management LLC boosted its holdings in shares of National Fuel Gas by 103.4% in the third quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock valued at $197,501,000 after buying an additional 1,087,067 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NFG shares. Weiss Ratings lowered shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Wall Street Zen lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.50.

View Our Latest Research Report on National Fuel Gas

National Fuel Gas Stock Up 0.1%

Shares of National Fuel Gas stock opened at $82.97 on Friday. The business’s 50 day simple moving average is $80.71 and its 200 day simple moving average is $84.49. National Fuel Gas Company has a 52-week low of $75.17 and a 52-week high of $97.06. The firm has a market cap of $7.89 billion, a PE ratio of 11.52, a P/E/G ratio of 1.84 and a beta of 0.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.07 and a current ratio of 3.20.

National Fuel Gas (NYSE:NFGGet Free Report) last released its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, beating the consensus estimate of $1.44 by $0.10. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The firm had revenue of $537.50 million for the quarter, compared to analysts’ expectations of $564.33 million. During the same quarter in the previous year, the business posted $1.64 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that National Fuel Gas Company will post 7.5 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.555 dividend. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 30th. National Fuel Gas’s payout ratio is presently 30.83%.

National Fuel Gas Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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