National Fuel Gas Company $NFG Stake Increased by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of National Fuel Gas Company (NYSE:NFG) by 75.5% in the third quarter, HoldingsChannel.com reports. The fund owned 91,770 shares of the oil and gas producer’s stock after acquiring an additional 39,479 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in National Fuel Gas were worth $6,962,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its position in National Fuel Gas by 0.5% during the second quarter. Arizona State Retirement System now owns 24,910 shares of the oil and gas producer’s stock valued at $1,923,000 after purchasing an additional 122 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in National Fuel Gas by 3.5% during the second quarter. Parkside Financial Bank & Trust now owns 4,541 shares of the oil and gas producer’s stock worth $351,000 after purchasing an additional 155 shares during the last quarter. Optas LLC lifted its stake in National Fuel Gas by 5.3% during the first quarter. Optas LLC now owns 3,238 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 163 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of National Fuel Gas by 5.3% in the 1st quarter. Inspire Investing LLC now owns 3,465 shares of the oil and gas producer’s stock worth $326,000 after purchasing an additional 174 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of National Fuel Gas by 7.0% in the 1st quarter. Apollon Wealth Management LLC now owns 3,097 shares of the oil and gas producer’s stock worth $291,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $78.42 on Friday. 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 Company has a 52-week low of $75.03 and a 52-week high of $97.06. The company has a fifty day moving average of $80.81 and a 200-day moving average of $81.86. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.40.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. The company had revenue of $537.50 million for the quarter, compared to analysts’ expectations of $564.33 million. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. Equities research analysts expect that National Fuel Gas Company will post 7.51 EPS for the current year.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.5550 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is 30.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings upgraded National Fuel Gas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. KeyCorp restated an “overweight” rating on shares of National Fuel Gas in a research report on Monday, August 31st. Finally, Wall Street Zen lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, National Fuel Gas presently has an average rating of “Moderate Buy” and an average target price of $105.50.

National Fuel Gas Company Profile

National Fuel Gas Company (NYSE:NFG) is a diversified energy company engaged in the exploration, production, gathering, transportation, storage and marketing of natural gas. Through its subsidiaries, the company operates across multiple segments of the natural gas value chain, with a concentration in the Appalachian Basin and the northeastern United States.

National Fuel’s exploration and production operations are conducted primarily through Seneca Resources Company, which develops and produces natural gas in the Appalachian region.