40,600 Shares in National Fuel Gas Company $NFG Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new position in National Fuel Gas Company (NYSE:NFG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 40,600 shares of the oil and gas producer’s stock, valued at approximately $3,250,000.

A number of other large investors have also modified their holdings of NFG. AQR Capital Management LLC increased its holdings in shares of National Fuel Gas by 103.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock worth $197,501,000 after acquiring an additional 1,087,067 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of National Fuel Gas by 642.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 465,830 shares of the oil and gas producer’s stock worth $39,460,000 after acquiring an additional 403,107 shares during the period. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of National Fuel Gas in the 4th quarter worth about $22,739,000. Squarepoint Ops LLC increased its holdings in shares of National Fuel Gas by 428.8% in the 3rd quarter. Squarepoint Ops LLC now owns 308,466 shares of the oil and gas producer’s stock worth $28,493,000 after acquiring an additional 250,130 shares during the period. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of National Fuel Gas by 99.6% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 465,254 shares of the oil and gas producer’s stock worth $42,976,000 after acquiring an additional 232,130 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NFG shares. KeyCorp started coverage on shares of National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective on the stock. Zacks Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Weiss Ratings upgraded shares of National Fuel Gas from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Stock Up 0.0%

NFG stock opened at $77.26 on Monday. National Fuel Gas Company has a 52 week low of $77.07 and a 52 week high of $97.06. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.68 and a beta of 0.37. The firm’s 50-day moving average is $87.45 and its two-hundred day moving average is $85.29. The company has a current ratio of 0.62, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The company had revenue of $858.37 million for the quarter, compared to the consensus estimate of $856.57 million. During the same quarter last year, the firm posted $2.39 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts forecast that National Fuel Gas Company will post 7.66 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.535 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.8%. National Fuel Gas’s dividend payout ratio (DPR) is 28.96%.

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.