XTX Topco Ltd Buys 14,215 Shares of National Fuel Gas Company $NFG

XTX Topco Ltd grew its stake in National Fuel Gas Company (NYSE:NFG) by 283.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,223 shares of the oil and gas producer’s stock after purchasing an additional 14,215 shares during the period. XTX Topco Ltd’s holdings in National Fuel Gas were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. lifted its stake in National Fuel Gas by 9,475.0% in the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 379 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of National Fuel Gas during the second quarter worth $30,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of National Fuel Gas by 316.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 304 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of National Fuel Gas by 355.1% in the 2nd quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 316 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of National Fuel Gas during the 1st quarter valued at $55,000. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on NFG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday. Scotiabank cut National Fuel Gas from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $102.00 to $106.00 in a report on Thursday, October 9th. Zacks Research downgraded National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.00.

National Fuel Gas Trading Up 1.4%

NYSE NFG opened at $81.77 on Friday. The firm has a market capitalization of $7.39 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 0.45 and a beta of 0.57. The business’s 50-day moving average price is $84.02 and its two-hundred day moving average price is $84.75. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas Company has a 12 month low of $59.01 and a 12 month high of $94.13.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The company had revenue of $466.28 million during the quarter, compared to the consensus estimate of $534.57 million. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue was up 22.7% compared to the same quarter last year. On average, analysts expect that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio is currently 37.68%.

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.