Allworth Financial LP Boosts Position in National Fuel Gas Company $NFG

Allworth Financial LP grew its stake in shares of National Fuel Gas Company (NYSE:NFG) by 126.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,627 shares of the oil and gas producer’s stock after buying an additional 2,582 shares during the period. Allworth Financial LP’s holdings in National Fuel Gas were worth $392,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Foster & Motley Inc. grew its holdings in National Fuel Gas by 14.9% in the 2nd quarter. Foster & Motley Inc. now owns 69,353 shares of the oil and gas producer’s stock worth $5,875,000 after acquiring an additional 8,993 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of National Fuel Gas during the second quarter valued at about $638,000. Fox Run Management L.L.C. boosted its holdings in shares of National Fuel Gas by 80.0% during the second quarter. Fox Run Management L.L.C. now owns 15,291 shares of the oil and gas producer’s stock worth $1,295,000 after purchasing an additional 6,796 shares during the period. Picton Mahoney Asset Management grew its stake in shares of National Fuel Gas by 29,652.6% in the first quarter. Picton Mahoney Asset Management now owns 5,653 shares of the oil and gas producer’s stock worth $448,000 after purchasing an additional 5,634 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in National Fuel Gas by 541.5% during the 1st quarter. Hsbc Holdings PLC now owns 168,807 shares of the oil and gas producer’s stock valued at $13,356,000 after purchasing an additional 142,493 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NFG. Weiss Ratings upgraded National Fuel Gas from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, November 11th. Zacks Research downgraded National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Wall Street Zen lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Scotiabank cut shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $102.00 to $106.00 in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $80.94 on Monday. The company has a 50 day simple moving average of $85.17 and a two-hundred day simple moving average of $84.86. National Fuel Gas Company has a fifty-two week low of $59.01 and a fifty-two week high of $94.13. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 0.45 and a beta of 0.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 $456.41 million for the quarter, compared to the consensus estimate of $534.57 million. During the same quarter in the prior year, the business posted $0.77 EPS. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. Analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. National Fuel Gas’s 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.