Credit Suisse AG Acquires 1,860 Shares of National Fuel Gas (NYSE:NFG)

Credit Suisse AG grew its holdings in shares of National Fuel Gas (NYSE:NFG) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,233 shares of the oil and gas producer’s stock after buying an additional 1,860 shares during the period. Credit Suisse AG owned approximately 0.08% of National Fuel Gas worth $4,459,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stonebridge Capital Advisors LLC boosted its holdings in shares of National Fuel Gas by 68.9% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 760 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 310 shares in the last quarter. New Hampshire Trust bought a new position in shares of National Fuel Gas during the 4th quarter worth approximately $52,000. Machina Capital S.A.S. bought a new position in shares of National Fuel Gas during the 1st quarter worth approximately $52,000. Fred Alger Management LLC bought a new position in shares of National Fuel Gas during the 3rd quarter worth approximately $54,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of National Fuel Gas by 21.4% during the 3rd quarter. CENTRAL TRUST Co now owns 1,015 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 179 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NFG shares. StockNews.com lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Argus lowered their target price on National Fuel Gas from $76.00 to $58.00 in a research report on Wednesday, May 24th. Finally, The Goldman Sachs Group lowered their target price on National Fuel Gas from $60.00 to $54.00 in a research report on Wednesday, May 24th.

National Fuel Gas Trading Up 0.2 %

NYSE NFG opened at $53.18 on Thursday. The firm has a market capitalization of $4.88 billion, a P/E ratio of 8.75, a PEG ratio of 0.96 and a beta of 0.67. The business has a fifty day simple moving average of $52.31 and a 200 day simple moving average of $53.94. National Fuel Gas has a 12 month low of $48.89 and a 12 month high of $73.90. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 0.81.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $428.70 million during the quarter, compared to analyst estimates of $480.10 million. National Fuel Gas had a return on equity of 19.71% and a net margin of 25.06%. On average, analysts predict that National Fuel Gas will post 5.31 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.495 dividend. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Thursday, June 29th. National Fuel Gas’s dividend payout ratio is presently 32.57%.

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 in California and in the Appalachian region of the United States.