National Fuel Gas Company (NFG) to Issue Quarterly Dividend of $0.54 on April 15th

National Fuel Gas Company (NYSE:NFG) declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.535 per share by the oil and gas producer on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, March 31st.

National Fuel Gas has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 55 years. National Fuel Gas has a dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect National Fuel Gas to earn $7.79 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 27.5%.

National Fuel Gas Price Performance

National Fuel Gas stock opened at $96.38 on Friday. National Fuel Gas has a 1 year low of $69.93 and a 1 year high of $96.78. 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 $9.16 billion, a P/E ratio of 13.44, a PEG ratio of 1.21 and a beta of 0.57. The business has a 50-day moving average of $85.71 and a 200-day moving average of $84.55.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.15. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.The business had revenue of $651.51 million during the quarter, compared to analyst estimates of $650.70 million. During the same period in the previous year, the firm earned $1.66 EPS. National Fuel Gas’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities analysts anticipate that National Fuel Gas will post 6.64 EPS for the current year.

Institutional Trading of National Fuel Gas

Several hedge funds have recently added to or reduced their stakes in NFG. Price T Rowe Associates Inc. MD increased its position in National Fuel Gas by 653.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock worth $126,718,000 after buying an additional 1,372,742 shares during the period. Norges Bank acquired a new position in shares of National Fuel Gas in the fourth quarter valued at about $92,415,000. AQR Capital Management LLC grew its stake in shares of National Fuel Gas by 103.4% in the third quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock valued at $197,501,000 after acquiring an additional 1,087,067 shares in the last quarter. Yaupon Capital Management LP increased its position in National Fuel Gas by 521.0% during the fourth quarter. Yaupon Capital Management LP now owns 1,105,979 shares of the oil and gas producer’s stock worth $88,545,000 after acquiring an additional 927,873 shares during the period. Finally, Aventail Capital Group LP raised its stake in National Fuel Gas by 148.3% in the 4th quarter. Aventail Capital Group LP now owns 1,090,380 shares of the oil and gas producer’s stock worth $87,296,000 after purchasing an additional 651,238 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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.