Tidal Investments LLC Has $1.64 Million Stake in National Fuel Gas (NYSE:NFG)

Tidal Investments LLC lifted its position in shares of National Fuel Gas (NYSE:NFG) by 28.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,981 shares of the oil and gas producer’s stock after acquiring an additional 5,935 shares during the quarter. Tidal Investments LLC’s holdings in National Fuel Gas were worth $1,637,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its holdings in shares of National Fuel Gas by 14.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,221 shares of the oil and gas producer’s stock valued at $76,000 after acquiring an additional 153 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of National Fuel Gas by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 7,288 shares of the oil and gas producer’s stock valued at $442,000 after acquiring an additional 204 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 218 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of National Fuel Gas by 49.5% during the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer’s stock valued at $44,000 after acquiring an additional 239 shares in the last quarter. Finally, Mariner LLC boosted its holdings in shares of National Fuel Gas by 1.3% during the 4th quarter. Mariner LLC now owns 20,291 shares of the oil and gas producer’s stock valued at $1,231,000 after acquiring an additional 258 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

NFG has been the topic of several recent research reports. Wall Street Zen raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their price objective on National Fuel Gas from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, March 13th. Finally, Bank of America lifted their target price on National Fuel Gas from $77.00 to $85.00 and gave the stock an “underperform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, National Fuel Gas currently has a consensus rating of “Hold” and a consensus target price of $82.33.

National Fuel Gas Stock Up 2.4%

Shares of NFG opened at $82.47 on Friday. The company has a market capitalization of $7.45 billion, a PE ratio of -589.04 and a beta of 0.61. National Fuel Gas has a 12 month low of $53.03 and a 12 month high of $83.35. The stock’s 50-day moving average price is $78.67 and its two-hundred day moving average price is $70.78. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, topping the consensus estimate of $2.18 by $0.21. The firm had revenue of $729.95 million for the quarter, compared to the consensus estimate of $770.81 million. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.79 EPS. On average, analysts anticipate that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Monday, March 31st. National Fuel Gas’s payout ratio is presently 479.07%.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.