23,150 Shares in National Fuel Gas Company $NFG Acquired by Dorsey Wright & Associates

Dorsey Wright & Associates acquired a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,150 shares of the oil and gas producer’s stock, valued at approximately $1,961,000.

A number of other large investors have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of National Fuel Gas during the 2nd quarter valued at $30,000. Assetmark Inc. increased its holdings in National Fuel Gas by 9,475.0% in the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 379 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in National Fuel Gas by 316.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 304 shares during the period. Golden State Wealth Management LLC lifted its holdings in National Fuel Gas by 355.1% during the second quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 316 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in National Fuel Gas during the first quarter worth about $55,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Trading Up 1.0%

Shares of NFG stock opened at $81.36 on Wednesday. The company has a market capitalization of $7.35 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 0.45 and a beta of 0.57. National Fuel Gas Company has a 52-week low of $59.01 and a 52-week high of $94.13. The business’s fifty day moving average is $84.98 and its 200 day moving average is $84.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.08 by $0.14. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The business had revenue of $456.41 million during the quarter, compared to analysts’ expectations of $534.57 million. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s revenue was up 22.7% on a year-over-year basis. On average, equities research analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 37.68%.

Analyst Ratings Changes

Several analysts have recently issued reports on NFG shares. Scotiabank lowered shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $102.00 to $106.00 in a research report on Thursday, October 9th. Wall Street Zen cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Zacks Research downgraded National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.00.

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.