Global Retirement Partners LLC grew its stake in National Fuel Gas Company (NYSE:NFG – Free Report) by 389.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,749 shares of the oil and gas producer’s stock after purchasing an additional 8,555 shares during the period. Global Retirement Partners LLC’s holdings in National Fuel Gas were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of National Fuel Gas during the third quarter valued at $5,228,000. Citigroup Inc. lifted its holdings in National Fuel Gas by 51.7% during the 3rd quarter. Citigroup Inc. now owns 64,112 shares of the oil and gas producer’s stock valued at $5,922,000 after purchasing an additional 21,861 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its position in National Fuel Gas by 158.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 95,206 shares of the oil and gas producer’s stock valued at $8,794,000 after buying an additional 58,399 shares in the last quarter. Gotham Asset Management LLC boosted its position in National Fuel Gas by 74.9% in the third quarter. Gotham Asset Management LLC now owns 521,928 shares of the oil and gas producer’s stock valued at $48,210,000 after buying an additional 223,459 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in shares of National Fuel Gas by 26.6% during the third quarter. Great Lakes Advisors LLC now owns 127,075 shares of the oil and gas producer’s stock worth $11,738,000 after buying an additional 26,737 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
National Fuel Gas Stock Up 0.1%
NYSE NFG opened at $81.02 on Tuesday. The stock has a market capitalization of $7.70 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 1.76 and a beta of 0.41. National Fuel Gas Company has a 52 week low of $77.22 and a 52 week high of $97.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.62. The stock has a fifty day moving average of $88.72 and a 200-day moving average of $85.31.
National Fuel Gas Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 2.6%. National Fuel Gas’s dividend payout ratio is presently 28.96%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Weiss Ratings raised National Fuel Gas from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. KeyCorp assumed coverage on National Fuel Gas in a research note on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Zacks Research upgraded 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 assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.00.
View Our Latest Research Report on NFG
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.
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