Ibex Wealth Advisors Has $8.86 Million Stock Position in National Fuel Gas Company $NFG

Ibex Wealth Advisors grew its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 7.7% during the first quarter, Holdings Channel reports. The firm owned 94,273 shares of the oil and gas producer’s stock after purchasing an additional 6,719 shares during the period. Ibex Wealth Advisors’ holdings in National Fuel Gas were worth $8,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NFG. Legacy Bridge LLC lifted its holdings in National Fuel Gas by 0.7% in the 4th quarter. Legacy Bridge LLC now owns 17,927 shares of the oil and gas producer’s stock worth $1,435,000 after purchasing an additional 132 shares during the last quarter. NewEdge Wealth LLC grew its holdings in National Fuel Gas by 6.2% during the fourth quarter. NewEdge Wealth LLC now owns 2,680 shares of the oil and gas producer’s stock valued at $215,000 after purchasing an additional 156 shares during the last quarter. Optas LLC grew its holdings in National Fuel Gas by 5.3% during the first quarter. Optas LLC now owns 3,238 shares of the oil and gas producer’s stock valued at $304,000 after purchasing an additional 163 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of National Fuel Gas by 1.4% in the fourth quarter. Park Avenue Securities LLC now owns 12,050 shares of the oil and gas producer’s stock valued at $965,000 after purchasing an additional 169 shares during the period. Finally, Brooklyn Investment Group raised its position in shares of National Fuel Gas by 7.5% in the third quarter. Brooklyn Investment Group now owns 2,434 shares of the oil and gas producer’s stock valued at $225,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $79.12 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. The company has a market cap of $7.52 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.74 and a beta of 0.37. The firm has a fifty day moving average price of $79.00 and a two-hundred day moving average price of $84.48. National Fuel Gas Company has a fifty-two week low of $75.17 and a fifty-two week high of $97.06.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The firm had revenue of $858.37 million for the quarter, compared to the consensus estimate of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.39 earnings per share. Analysts expect that National Fuel Gas Company will post 7.58 EPS for the current year.

National Fuel Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given 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 is Tuesday, June 30th. This represents a $2.22 annualized dividend and a dividend yield of 2.8%. National Fuel Gas’s dividend payout ratio is 30.04%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NFG shares. KeyCorp began coverage on shares of National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price on the stock. Weiss Ratings downgraded National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, National Fuel Gas presently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

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.