National Fuel Gas Company $NFG Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. boosted its position in National Fuel Gas Company (NYSE:NFG) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 270,637 shares of the oil and gas producer’s stock after buying an additional 10,713 shares during the quarter. Valley Wealth Managers Inc.’s holdings in National Fuel Gas were worth $20,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of National Fuel Gas during the 2nd quarter valued at $748,569,000. Energy Income Partners LLC purchased a new stake in National Fuel Gas in the 2nd quarter worth about $231,309,000. Dimensional Fund Advisors LP raised its stake in National Fuel Gas by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,177,958 shares of the oil and gas producer’s stock valued at $110,686,000 after acquiring an additional 42,108 shares during the period. 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 valued at $87,296,000 after acquiring an additional 651,238 shares during the period. Finally, First Trust Advisors LP lifted its holdings in National Fuel Gas by 35.7% during the first quarter. First Trust Advisors LP now owns 1,072,487 shares of the oil and gas producer’s stock valued at $100,771,000 after purchasing an additional 282,071 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of National Fuel Gas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Wall Street Zen cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of National Fuel Gas in a report on Monday, August 31st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Fuel Gas has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

National Fuel Gas Trading Up 0.5%

Shares of NFG opened at $78.57 on Friday. National Fuel Gas Company has a twelve month low of $75.03 and a twelve month high of $97.06. The stock has a market cap of $7.47 billion, a PE ratio of 10.91, a P/E/G ratio of 1.72 and a beta of 0.40. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $80.93 and its 200-day moving average price is $82.36.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. The company had revenue of $537.50 million during the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. National Fuel Gas’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $1.64 earnings per share. On average, equities analysts forecast that National Fuel Gas Company will post 7.49 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.5550 dividend. This represents a $2.22 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is presently 30.83%.

About National Fuel Gas

National Fuel Gas Company (NYSE:NFG) is a diversified energy company engaged in the exploration, production, gathering, transportation, storage and marketing of natural gas. Through its subsidiaries, the company operates across multiple segments of the natural gas value chain, with a concentration in the Appalachian Basin and the northeastern United States.

National Fuel’s exploration and production operations are conducted primarily through Seneca Resources Company, which develops and produces natural gas in the Appalachian region.