JPMorgan Chase & Co. Acquires 7,833 Shares of National Fuel Gas Company $NFG

JPMorgan Chase & Co. lifted its stake in National Fuel Gas Company (NYSE:NFG) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 427,220 shares of the oil and gas producer’s stock after acquiring an additional 7,833 shares during the period. JPMorgan Chase & Co. owned approximately 0.45% of National Fuel Gas worth $39,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in National Fuel Gas in the 3rd quarter worth $29,000. Richardson Financial Services Inc. raised its position in shares of National Fuel Gas by 88.5% during the third quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 169 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of National Fuel Gas by 105.3% in the third quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 217 shares during the period. True Wealth Design LLC grew its position in National Fuel Gas by 3,883.3% during the third quarter. True Wealth Design LLC now owns 478 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 466 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in National Fuel Gas by 88.1% during the second quarter. EverSource Wealth Advisors LLC now owns 916 shares of the oil and gas producer’s stock worth $78,000 after buying an additional 429 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of NFG stock opened at $91.92 on Friday. The stock’s fifty day simple moving average is $87.09 and its 200 day simple moving average is $84.76. National Fuel Gas Company has a one year low of $69.93 and a one year high of $97.06. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.18 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.65 and a quick ratio of 0.59.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.15. The firm had revenue of $651.51 million during the quarter, compared to analyst estimates of $650.70 million. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 earnings per share. On average, 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 31st. National Fuel Gas’s dividend payout ratio (DPR) is currently 29.85%.

Analyst Ratings Changes

Several research firms have commented on NFG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Scotiabank set a $101.00 price objective on National Fuel Gas in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.00.

National Fuel Gas Company 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.