Sei Investments Co. Raises Stake in National Fuel Gas Company $NFG

Sei Investments Co. lifted its position in shares of National Fuel Gas Company (NYSE:NFGFree Report) by 2.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 340,003 shares of the oil and gas producer’s stock after purchasing an additional 6,951 shares during the quarter. Sei Investments Co. owned about 0.36% of National Fuel Gas worth $31,947,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Phocas Financial Corp. acquired a new position in National Fuel Gas during the fourth quarter valued at approximately $7,086,000. Oppenheimer & Co. Inc. increased its position in shares of National Fuel Gas by 84.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 61,728 shares of the oil and gas producer’s stock worth $4,942,000 after acquiring an additional 28,293 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of National Fuel Gas by 8.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 315,753 shares of the oil and gas producer’s stock valued at $25,911,000 after acquiring an additional 24,988 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of National Fuel Gas in the 1st quarter valued at $63,863,000. Finally, KBC Group NV lifted its holdings in shares of National Fuel Gas by 294.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Stock Down 2.2%

NYSE NFG opened at $80.69 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.62 and a debt-to-equity ratio of 0.55. National Fuel Gas Company has a fifty-two week low of $75.17 and a fifty-two week high of $97.06. The business has a 50 day moving average price of $78.81 and a two-hundred day moving average price of $84.46. The stock has a market cap of $7.67 billion, a PE ratio of 10.92, a P/E/G ratio of 1.79 and a beta of 0.37.

National Fuel Gas (NYSE:NFGGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The firm had revenue of $858.37 million for the quarter, compared to analysts’ expectations of $856.57 million. During the same quarter in the prior year, the business earned $2.39 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts predict that National Fuel Gas Company will post 7.66 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.555 per share. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.22 annualized dividend and a yield of 2.8%. National Fuel Gas’s payout ratio is presently 30.04%.

Analysts Set New Price Targets

NFG has been the subject of a number of research reports. Weiss Ratings cut shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. KeyCorp started coverage on National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.50.

Check Out Our Latest Report on National Fuel Gas

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.

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

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