Valley Wealth Managers Inc. grew its stake in shares of National Fuel Gas Company (NYSE:NFG – Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,994 shares of the oil and gas producer’s stock after buying an additional 7,842 shares during the period. Valley Wealth Managers Inc. owned approximately 0.26% of National Fuel Gas worth $19,454,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in National Fuel Gas by 30.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock worth $12,667,000 after acquiring an additional 36,913 shares during the last quarter. Empowered Funds LLC acquired a new stake in National Fuel Gas in the first quarter worth $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in National Fuel Gas by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock worth $17,480,000 after purchasing an additional 8,304 shares during the period. Focus Partners Wealth boosted its position in shares of National Fuel Gas by 79.5% during the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock worth $1,008,000 after purchasing an additional 5,638 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of National Fuel Gas during the first quarter worth $138,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
National Fuel Gas Trading Down 0.1%
NYSE NFG opened at $79.42 on Tuesday. 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’s 50 day moving average price is $90.91 and its two-hundred day moving average price is $85.22. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.12 and a beta of 0.41.
National Fuel Gas Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, March 31st. National Fuel Gas’s payout ratio is presently 28.96%.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Scotiabank set a $101.00 price objective on shares of National Fuel Gas in a research report on Wednesday, January 21st. KeyCorp initiated coverage on National Fuel Gas in a research note on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price for the company. Finally, Zacks Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One equities 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. According to data from MarketBeat.com, National Fuel Gas presently has an average rating of “Moderate Buy” and an average target price of $106.00.
View Our Latest Stock Report on National Fuel Gas
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.
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