Creative Financial Designs Inc. ADV trimmed its holdings in shares of National Fuel Gas Company (NYSE:NFG – Free Report) by 63.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,674 shares of the oil and gas producer’s stock after selling 6,359 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in National Fuel Gas were worth $339,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in shares of National Fuel Gas by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock worth $12,667,000 after acquiring an additional 36,913 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of National Fuel Gas in the 1st quarter valued at about $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of National Fuel Gas by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock valued at $17,480,000 after purchasing an additional 8,304 shares in the last quarter. Focus Partners Wealth boosted its position in shares of National Fuel Gas by 79.5% during the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock worth $1,008,000 after buying an additional 5,638 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of National Fuel Gas during the first quarter worth about $138,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
National Fuel Gas Trading Up 1.7%
NYSE NFG opened at $92.57 on Tuesday. National Fuel Gas Company has a 12 month low of $69.93 and a 12 month high of $94.13. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $83.53 and a 200-day moving average of $84.11. The company has a market cap of $8.80 billion, a PE ratio of 12.91, a PEG ratio of 1.17 and a beta of 0.57.
National Fuel Gas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, December 31st. National Fuel Gas’s dividend payout ratio (DPR) is 29.85%.
Analyst Upgrades and Downgrades
Several research firms have commented on NFG. Zacks Research cut National Fuel Gas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Scotiabank set a $101.00 price objective on shares of National Fuel Gas in a research report on Wednesday, January 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, National Fuel Gas currently has an average rating of “Hold” and a consensus target price of $96.33.
View Our Latest Analysis on NFG
National Fuel Gas Profile
National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.
In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.
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