Evolve Private Wealth LLC bought a new position in National Fuel Gas Company (NYSE:NFG – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 11,391 shares of the oil and gas producer’s stock, valued at approximately $886,000.
Other large investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in National Fuel Gas by 458.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 229 shares during the period. Fairscale Capital LLC purchased a new position in National Fuel Gas during the fourth quarter worth $29,000. HM Payson & Co. purchased a new position in National Fuel Gas during the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC bought a new position in National Fuel Gas during the first quarter valued at $38,000. Finally, SHP Wealth Management bought a new position in National Fuel Gas during the fourth quarter valued at $44,000. Institutional investors own 73.96% of the company’s stock.
Analyst Ratings Changes
NFG has been the subject of several analyst reports. Wall Street Zen upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings downgraded shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. One investment 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.50.
National Fuel Gas Price Performance
Shares of NFG stock opened at $82.47 on Monday. The stock has a 50 day moving average price of $80.05 and a 200 day moving average price of $84.55. National Fuel Gas Company has a 52-week low of $75.17 and a 52-week high of $97.06. 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 capitalization of $7.84 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.83 and a beta of 0.37.
National Fuel Gas (NYSE:NFG – Get Free Report) last announced its quarterly earnings data 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 company had revenue of $537.50 million for the quarter, compared to the consensus estimate of $564.33 million. During the same quarter in the prior year, the company posted $1.64 EPS. National Fuel Gas’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that National Fuel Gas Company will post 7.5 earnings per share for the current year.
National Fuel Gas Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued 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 (DPR) is currently 30.83%.
National Fuel Gas Profile
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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