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Several other institutional investors and hedge funds have also recently made changes to their positions in NFG. FinTrust Capital Advisors LLC acquired a new interest in National Fuel Gas during the third quarter for approximately $26,000. The Adirondack Trust Co. purchased a new position in National Fuel Gas stock in the third quarter valued at approximately $29,000. JW Cole Advisors Inc. purchased a new position in National Fuel Gas stock in the first quarter valued at approximately $32,000. Lindbrook Capital LLC increased its stake in National Fuel Gas shares by 47.5% in the second quarter. Lindbrook Capital LLC now owns 553 shares of the oil and gas producer valued at $37,000 after buying an additional 178 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in National Fuel Gas during the second quarter for $40,000. Institutional investors and hedge funds own 72.25% of the company’s shares.
Performance of the national fuel gas price
NYSE NFG opened at $61.80 on Tuesday. The company’s fifty-day moving average price is $63.55 and its 200-day moving average price is $66.27. The stock has a market capitalization of $5.65 billion, a price-earnings ratio of 10.07, a PEG ratio of 0.96, and a beta of 0.72. The firm has a debt to equity ratio of 1.00, a current ratio of 0.39, and a quick ratio of 0.35. National Fuel Gas has a 1-year minimum of $58.12 and a 1-year maximum of $75.97.
National Fuel Gas (NYSE:NFG – Get Rating) last issued its quarterly earnings results on Thursday, November 3. The oil and gas producer reported earnings per share (EPS) of $1.19 for the quarter, below analyst consensus estimates of $1.26 per ($0.07). National Fuel Gas had a return on equity of 26.88% and a net margin of 25.89%. The business had revenue of $435.15 million during the quarter, compared with analyst expectations of $494.08 million. On average, stock analysts predict that National Fuel Gas will post earnings per share of 6.59 for the current year.
National Fuel Gas Announces Dividends
The company also recently declared a quarterly dividend, which was paid on Friday, January 13. Shareholders of record on Friday, December 30 were paid a dividend of $0.475 per share. This represents an annualized dividend of $1.90 and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, December 29. National Fuel Gas’ dividend payout ratio is currently 30.94%.
Analyst promotions and demotions
NFG has been the subject of a number of recent investigative reports. Raymond James lowered his price target on National Fuel Gas from $86.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, October 24. StockNews.com assumed coverage of National Fuel Gas in an investigative report on Wednesday, October 12. They issued a “hold” rating for the company.
About Gas Combustible Nacional
National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Collection and Utilities. The Exploration and Production segment explores, develops and produces oil and natural gas in California and the Appalachian region of the United States.
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