Arbejdsmarkedets Tillaegspension acquired a new position in National Fuel Gas Company (NYSE:NFG – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 284,027 shares of the oil and gas producer’s stock, valued at approximately $22,739,000.
Several other hedge funds also recently bought and sold shares of the company. State Street Corp increased its position in National Fuel Gas by 3.4% in the 2nd quarter. State Street Corp now owns 4,035,345 shares of the oil and gas producer’s stock worth $343,962,000 after purchasing an additional 132,855 shares during the last quarter. AQR Capital Management LLC increased its position in National Fuel Gas by 103.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock worth $197,501,000 after purchasing an additional 1,087,067 shares during the last quarter. Invesco Ltd. increased its position in National Fuel Gas by 23.9% in the 3rd quarter. Invesco Ltd. now owns 1,117,052 shares of the oil and gas producer’s stock worth $103,182,000 after purchasing an additional 215,641 shares during the last quarter. Dimensional Fund Advisors LP increased its position in National Fuel Gas by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,109,820 shares of the oil and gas producer’s stock worth $102,517,000 after purchasing an additional 42,862 shares during the last quarter. Finally, First Trust Advisors LP increased its position in National Fuel Gas by 26.1% in the 3rd quarter. First Trust Advisors LP now owns 705,328 shares of the oil and gas producer’s stock worth $65,151,000 after purchasing an additional 146,050 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
National Fuel Gas Stock Performance
Shares of NYSE NFG opened at $81.24 on Friday. 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 firm has a market cap of $7.72 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.76 and a beta of 0.41. The business’s 50-day simple moving average is $89.99 and its 200-day simple moving average is $85.17. National Fuel Gas Company has a 52 week low of $77.22 and a 52 week high of $97.06.
National Fuel Gas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.6%. National Fuel Gas’s dividend payout ratio is currently 28.96%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on NFG shares. Zacks Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Scotiabank set a $101.00 target price on National Fuel Gas in a research report on Wednesday, January 21st. Finally, KeyCorp started coverage on National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.
Get Our Latest Stock Analysis 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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