Jupiter Topco LLC Makes New Investment in National Fuel Gas Company $NFG

Jupiter Topco LLC bought a new stake in shares of National Fuel Gas Company (NYSE:NFGFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 41,034 shares of the oil and gas producer’s stock, valued at approximately $3,168,000.

A number of other hedge funds also recently modified their holdings of the business. SJS Investment Consulting Inc. boosted its position in shares of National Fuel Gas by 458.0% in the first quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 229 shares during the period. Fairscale Capital LLC acquired a new position in National Fuel Gas during the fourth quarter valued at $29,000. HM Payson & Co. acquired a new position in National Fuel Gas during the fourth quarter valued at $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in National Fuel Gas in the 1st quarter worth about $38,000. Finally, SHP Wealth Management purchased a new stake in National Fuel Gas in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NFG. Wall Street Zen cut National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. KeyCorp reaffirmed an “overweight” rating on shares of National Fuel Gas in a research report on Monday. Finally, Weiss Ratings lowered shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.50.

Get Our Latest Stock Analysis on NFG

National Fuel Gas Stock Performance

Shares of NYSE NFG opened at $83.29 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.07 and a current ratio of 3.20. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.87 and a beta of 0.37. The business’s 50-day simple moving average is $81.12 and its 200-day simple moving average is $84.45. National Fuel Gas Company has a 52 week low of $75.17 and a 52 week high of $97.06.

National Fuel Gas (NYSE:NFGGet Free Report) last released its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. The firm had revenue of $537.50 million during the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. As a group, equities research analysts expect that National Fuel Gas Company will post 7.49 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 paid a $0.555 dividend. The ex-dividend date was Tuesday, June 30th. 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%. National Fuel Gas’s dividend payout ratio is presently 30.83%.

National Fuel Gas Company 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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