National Fuel Gas (NYSE:NFG) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in shares of National Fuel Gas (NYSE:NFG) by 8,630.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 336,139 shares of the oil and gas producer’s stock after acquiring an additional 332,289 shares during the period. International Assets Investment Management LLC’s holdings in National Fuel Gas were worth $16,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB increased its position in shares of National Fuel Gas by 26.7% in the fourth quarter. Nordea Investment Management AB now owns 103,314 shares of the oil and gas producer’s stock valued at $5,142,000 after buying an additional 21,748 shares in the last quarter. Vanguard Group Inc. increased its holdings in National Fuel Gas by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,190,115 shares of the oil and gas producer’s stock valued at $684,699,000 after acquiring an additional 311,599 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in National Fuel Gas by 16.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,516 shares of the oil and gas producer’s stock worth $377,000 after acquiring an additional 1,050 shares during the last quarter. Envestnet Asset Management Inc. raised its position in National Fuel Gas by 437.8% during the third quarter. Envestnet Asset Management Inc. now owns 82,750 shares of the oil and gas producer’s stock worth $4,296,000 after acquiring an additional 67,362 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of National Fuel Gas by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 40,239 shares of the oil and gas producer’s stock valued at $2,089,000 after purchasing an additional 205 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Trading Up 0.6 %

Shares of National Fuel Gas stock opened at $53.75 on Friday. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $57.80. The business’s fifty day moving average is $50.43 and its two-hundred day moving average is $50.78. The company has a quick ratio of 0.47, a current ratio of 0.56 and a debt-to-equity ratio of 0.75. The firm has a market cap of $4.95 billion, a PE ratio of 11.27 and a beta of 0.63.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas producer reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.14. National Fuel Gas had a return on equity of 14.81% and a net margin of 21.58%. The firm had revenue of $525.36 million for the quarter, compared to analyst estimates of $664.57 million. During the same period last year, the company earned $1.84 EPS. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. Analysts anticipate that National Fuel Gas will post 4.87 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 3.68%. The ex-dividend date is Wednesday, March 27th. National Fuel Gas’s dividend payout ratio (DPR) is 41.51%.

Wall Street Analysts Forecast Growth

NFG has been the subject of a number of recent research reports. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Scotiabank boosted their price target on National Fuel Gas from $67.00 to $72.00 and gave the stock a “sector outperform” rating in a report on Thursday.

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.