Creative Planning Grows Stock Position in National Fuel Gas Company $NFG

Creative Planning raised its position in National Fuel Gas Company (NYSE:NFG) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,920 shares of the oil and gas producer’s stock after buying an additional 1,183 shares during the quarter. Creative Planning’s holdings in National Fuel Gas were worth $2,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NFG. Oliver Lagore Vanvalin Investment Group bought a new stake in National Fuel Gas in the 2nd quarter valued at about $30,000. Assetmark Inc. increased its stake in shares of National Fuel Gas by 9,475.0% in the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 379 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of National Fuel Gas by 316.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 304 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of National Fuel Gas by 355.1% in the second quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 316 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of National Fuel Gas during the 1st quarter valued at approximately $55,000. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Stock Down 0.6%

NFG opened at $80.19 on Monday. The company has a fifty day moving average price of $84.53 and a 200-day moving average price of $84.82. The firm has a market capitalization of $7.25 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 0.45 and a beta of 0.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. National Fuel Gas Company has a one year low of $59.01 and a one year high of $94.13.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $456.41 million for the quarter, compared to the consensus estimate of $534.57 million. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. Equities research analysts expect that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is 37.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFG. Scotiabank lowered shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $102.00 to $106.00 in a research note on Thursday, October 9th. Zacks Research cut National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, November 17th. Finally, Wall Street Zen downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.00.

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.