National Fuel Gas (NYSE:NFG) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in National Fuel Gas (NYSE:NFG) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 298,410 shares of the oil and gas producer’s stock after acquiring an additional 34,156 shares during the quarter. Mackenzie Financial Corp’s holdings in National Fuel Gas were worth $14,971,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of National Fuel Gas by 119.8% during the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 309 shares during the period. Belpointe Asset Management LLC increased its position in shares of National Fuel Gas by 145.5% during the 1st quarter. Belpointe Asset Management LLC now owns 572 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 339 shares during the period. Quent Capital LLC raised its stake in shares of National Fuel Gas by 166.4% in the 4th quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock worth $35,000 after buying an additional 431 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new stake in shares of National Fuel Gas in the third quarter valued at $40,000. Finally, Stonebridge Capital Advisors LLC boosted its stake in National Fuel Gas by 68.9% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 760 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 310 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

Shares of NYSE NFG opened at $52.00 on Friday. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $56.67. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 10.90 and a beta of 0.63. 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 stock’s fifty day simple moving average is $51.00 and its 200 day simple moving average is $50.78.

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 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 analysts’ expectations of $664.57 million. During the same quarter last year, the business posted $1.84 EPS. National Fuel Gas’s revenue was down 20.3% on a year-over-year basis. As a group, sell-side analysts forecast that National Fuel Gas will post 4.87 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.495 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.98 annualized dividend and a dividend yield of 3.81%. National Fuel Gas’s dividend payout ratio (DPR) is presently 41.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NFG shares. Scotiabank boosted their price target on shares of National Fuel Gas from $67.00 to $72.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.

National Fuel Gas Company 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.