Three Seasons Wealth LLC Buys Shares of 10,889 National Fuel Gas Company $NFG

Three Seasons Wealth LLC bought a new position in National Fuel Gas Company (NYSE:NFG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,889 shares of the oil and gas producer’s stock, valued at approximately $1,029,000.

Several other hedge funds also recently modified their holdings of NFG. State Street Corp raised its holdings in shares of National Fuel Gas by 3.4% during the 2nd quarter. State Street Corp now owns 4,035,345 shares of the oil and gas producer’s stock valued at $343,962,000 after purchasing an additional 132,855 shares in the last quarter. AQR Capital Management LLC boosted its holdings in National Fuel Gas by 103.4% in the third 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 in the last quarter. Geode Capital Management LLC increased its position in National Fuel Gas by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 1,816,217 shares of the oil and gas producer’s stock worth $145,446,000 after buying an additional 121,099 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in National Fuel Gas by 653.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock worth $126,718,000 after buying an additional 1,372,742 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in National Fuel Gas by 2.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,445,601 shares of the oil and gas producer’s stock valued at $115,735,000 after buying an additional 37,056 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $80.01 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $78.67 and a 200-day simple moving average of $84.42. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.74 and a beta of 0.37. National Fuel Gas Company has a 1-year low of $75.17 and a 1-year high of $97.06.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The firm had revenue of $858.37 million during 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 business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.39 earnings per share. On average, sell-side analysts expect that National Fuel Gas Company will post 7.66 earnings per share for the current year.

National Fuel Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.555 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 30th. National Fuel Gas’s dividend payout ratio (DPR) is 30.04%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings cut National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, June 8th. KeyCorp assumed coverage on National Fuel Gas in a report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.50.

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.