Algert Global LLC Has $1.37 Million Position in National Fuel Gas (NYSE:NFG)

Algert Global LLC lessened its holdings in National Fuel Gas (NYSE:NFG) by 13.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,514 shares of the oil and gas producer’s stock after selling 3,450 shares during the quarter. Algert Global LLC’s holdings in National Fuel Gas were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kentucky Trust Co bought a new position in shares of National Fuel Gas during the 4th quarter worth approximately $25,000. UMB Bank n.a. lifted its holdings in shares of National Fuel Gas by 82.9% during the fourth 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 during the period. Quarry LP acquired a new stake in shares of National Fuel Gas in the 4th quarter valued at $32,000. S.A. Mason LLC acquired a new position in National Fuel Gas in the fourth quarter valued at about $38,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of National Fuel Gas by 223.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer’s stock worth $40,000 after acquiring an additional 453 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Up 0.6 %

NFG stock opened at $81.90 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas has a twelve month low of $53.03 and a twelve month high of $83.35. The company has a market cap of $7.40 billion, a P/E ratio of -584.96 and a beta of 0.61. The business has a fifty day moving average of $77.51 and a 200-day moving average of $69.42.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.21. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. The company had revenue of $729.95 million for the quarter, compared to the consensus estimate of $770.81 million. During the same period in the prior year, the company posted $1.79 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts expect that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Monday, March 31st. National Fuel Gas’s dividend payout ratio is presently 479.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price target on National Fuel Gas from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, March 13th. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.67.

National Fuel Gas Profile

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.