Three Seasons Wealth LLC Purchases Shares of 10,889 National Fuel Gas Company $NFG

Three Seasons Wealth LLC purchased a new stake in shares of National Fuel Gas Company (NYSE:NFG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,889 shares of the oil and gas producer’s stock, valued at approximately $1,029,000.

Several other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in National Fuel Gas by 653.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock valued at $126,718,000 after acquiring an additional 1,372,742 shares during the last quarter. Norges Bank acquired a new position in shares of National Fuel Gas in the 4th quarter worth approximately $92,415,000. AQR Capital Management LLC grew its stake 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 purchasing an additional 1,087,067 shares during the last quarter. Yaupon Capital Management LP grew its stake in shares of National Fuel Gas by 521.0% in the 4th quarter. Yaupon Capital Management LP now owns 1,105,979 shares of the oil and gas producer’s stock worth $88,545,000 after purchasing an additional 927,873 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of National Fuel Gas in the 1st quarter worth approximately $63,863,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

NFG has been the subject of several recent research reports. Weiss Ratings lowered shares of National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, June 8th. KeyCorp started coverage on shares of National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.50.

National Fuel Gas Stock Performance

NFG stock opened at $80.01 on Thursday. The firm has a 50 day simple moving average of $78.67 and a 200 day simple moving average of $84.42. National Fuel Gas Company has a 52 week low of $75.17 and a 52 week high of $97.06. The stock has a market cap of $7.60 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.74 and a beta of 0.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.62.

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

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.555 per share. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.8%. National Fuel Gas’s dividend payout ratio (DPR) is 30.04%.

National Fuel Gas Company 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.