LSV Asset Management trimmed its position in shares of National Fuel Gas Company (NYSE:NFG – Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,799,250 shares of the oil and gas producer’s stock after selling 46,200 shares during the quarter. LSV Asset Management owned approximately 1.89% of National Fuel Gas worth $144,048,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NFG. Goldman Sachs Group Inc. grew its holdings in National Fuel Gas by 30.0% in the first quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock valued at $12,667,000 after purchasing an additional 36,913 shares during the last quarter. Empowered Funds LLC acquired a new stake in National Fuel Gas in the first quarter valued at $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 valued at $17,480,000 after purchasing an additional 8,304 shares during the last quarter. Focus Partners Wealth grew 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 purchasing an additional 5,638 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in National Fuel Gas in the first quarter valued at $138,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
National Fuel Gas Stock Down 0.3%
Shares of NYSE:NFG opened at $81.02 on Friday. 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 52-week low of $77.22 and a 52-week high of $97.06. The stock’s fifty day simple moving average is $88.98 and its 200-day simple moving average is $85.26. The company has a market capitalization of $7.70 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.77 and a beta of 0.41.
National Fuel Gas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, March 31st. National Fuel Gas’s dividend payout ratio is currently 28.96%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on NFG. KeyCorp began coverage on National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price on the stock. Zacks Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, National Fuel Gas presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.
About National Fuel Gas
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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