Allworth Financial LP Has $51,000 Position in National Fuel Gas (NYSE:NFG)

Allworth Financial LP reduced its holdings in shares of National Fuel Gas (NYSE:NFG) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,011 shares of the oil and gas producer’s stock after selling 414 shares during the period. Allworth Financial LP’s holdings in National Fuel Gas were worth $51,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Raymond James & Associates grew its holdings in National Fuel Gas by 0.4% during the 1st quarter. Raymond James & Associates now owns 47,532 shares of the oil and gas producer’s stock worth $3,265,000 after acquiring an additional 170 shares during the period. CENTRAL TRUST Co grew its stake in shares of National Fuel Gas by 21.4% in the 3rd quarter. CENTRAL TRUST Co now owns 1,015 shares of the oil and gas producer’s stock valued at $63,000 after buying an additional 179 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of National Fuel Gas by 0.5% in the 3rd 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 buying an additional 205 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of National Fuel Gas by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,211 shares of the oil and gas producer’s stock valued at $1,490,000 after buying an additional 217 shares during the period. Finally, Pathstone Family Office LLC grew its stake in shares of National Fuel Gas by 6.1% in the 4th quarter. Pathstone Family Office LLC now owns 4,505 shares of the oil and gas producer’s stock valued at $285,000 after buying an additional 261 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on NFG shares. Scotiabank raised their target price on National Fuel Gas from $67.00 to $72.00 and gave the company a “sector outperform” rating in a research note on Thursday. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

National Fuel Gas Price Performance

NFG stock opened at $53.20 on Friday. The company has a market capitalization of $4.90 billion, a P/E ratio of 11.15 and a beta of 0.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.47 and a current ratio of 0.56. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $57.10. The business has a 50-day simple moving average of $50.56 and a two-hundred day simple moving average of $50.77.

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

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.98 dividend on an annualized basis and a yield of 3.72%. National Fuel Gas’s dividend payout ratio (DPR) is currently 41.51%.

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.