Jupiter Asset Management Ltd. Has $42.97 Million Stake in National Fuel Gas Company $NFG

Jupiter Asset Management Ltd. grew its holdings in National Fuel Gas Company (NYSE:NFG) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 536,734 shares of the oil and gas producer’s stock after acquiring an additional 71,480 shares during the period. Jupiter Asset Management Ltd. owned 0.56% of National Fuel Gas worth $42,971,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Moors & Cabot Inc. lifted its holdings in National Fuel Gas by 10.7% in the 4th quarter. Moors & Cabot Inc. now owns 6,981 shares of the oil and gas producer’s stock worth $559,000 after purchasing an additional 674 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of National Fuel Gas in the fourth quarter valued at about $357,000. Geode Capital Management LLC lifted its position in shares of National Fuel Gas by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 1,816,217 shares of the oil and gas producer’s stock worth $145,446,000 after purchasing an additional 121,099 shares during the last quarter. AlphaQuest LLC grew its holdings in National Fuel Gas by 82.9% in the 4th quarter. AlphaQuest LLC now owns 42,962 shares of the oil and gas producer’s stock valued at $3,440,000 after buying an additional 19,469 shares during the last quarter. Finally, Smithfield Trust Co bought a new stake in shares of National Fuel Gas in the fourth quarter valued at approximately $184,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $78.07 on Friday. The firm has a market cap of $7.42 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 1.70 and a beta of 0.41. The firm’s 50-day simple moving average is $87.76 and its 200-day simple moving average is $85.30. National Fuel Gas Company has a twelve month low of $77.22 and a twelve month 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.

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

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.14 annualized dividend and a yield of 2.7%. National Fuel Gas’s payout ratio is currently 28.96%.

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.