Versor Investments LP bought a new stake in National Fuel Gas Company (NYSE:NFG – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,100 shares of the oil and gas producer’s stock, valued at approximately $1,025,000.
Other hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of National Fuel Gas by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock worth $12,667,000 after acquiring an additional 36,913 shares during the period. Empowered Funds LLC acquired a new position in National Fuel Gas during the first quarter worth $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in National Fuel Gas by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock worth $17,480,000 after acquiring an additional 8,304 shares in the last quarter. Focus Partners Wealth lifted its holdings in National Fuel Gas by 79.5% in the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock valued at $1,008,000 after acquiring an additional 5,638 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of National Fuel Gas during the 1st quarter worth $138,000. 73.96% of the stock is owned by institutional investors and hedge funds.
National Fuel Gas Trading Down 0.1%
Shares of NFG opened at $84.88 on Wednesday. The stock’s fifty day simple moving average is $81.85 and its 200 day simple moving average is $84.04. National Fuel Gas Company has a twelve month low of $69.93 and a twelve month high of $94.13. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $8.07 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60.
National Fuel Gas Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.535 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. National Fuel Gas’s payout ratio is 29.85%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on NFG shares. Scotiabank set a $101.00 price target on shares of National Fuel Gas in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.33.
Get Our Latest Analysis on NFG
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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