Jupiter Asset Management Ltd. Purchases 71,480 Shares of National Fuel Gas Company $NFG

Jupiter Asset Management Ltd. grew its position in shares of National Fuel Gas Company (NYSE:NFG) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 536,734 shares of the oil and gas producer’s stock after buying an additional 71,480 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in National Fuel Gas were worth $42,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. grew its position in National Fuel Gas by 105.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 217 shares during the last quarter. Eastern Bank bought a new position in National Fuel Gas in the 4th quarter valued at $42,000. Torren Management LLC acquired a new position in National Fuel Gas in the fourth quarter worth $49,000. EverSource Wealth Advisors LLC grew its holdings in shares of National Fuel Gas by 88.1% during the second quarter. EverSource Wealth Advisors LLC now owns 916 shares of the oil and gas producer’s stock worth $78,000 after purchasing an additional 429 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of National Fuel Gas by 184.8% during the third quarter. Clearstead Advisors LLC now owns 860 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 558 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of National Fuel Gas from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 22nd. KeyCorp assumed coverage on shares of National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective for the company. Finally, Zacks Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

National Fuel Gas Stock Down 0.3%

NYSE NFG opened at $78.07 on Friday. The stock has a market capitalization 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. 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 $87.76 and a 200-day moving average of $85.30.

National Fuel Gas (NYSE:NFG) last issued 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 firm had revenue of $858.37 million for the quarter, compared to analyst estimates of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company earned $2.39 EPS. On average, equities research analysts forecast that National Fuel Gas Company will post 7.66 EPS for the current year.

National Fuel Gas Announces Dividend

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

About National Fuel Gas

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.