Farther Finance Advisors LLC Raises Position in National Fuel Gas Company $NFG

Farther Finance Advisors LLC increased its stake in National Fuel Gas Company (NYSE:NFG) by 84.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,329 shares of the oil and gas producer’s stock after buying an additional 8,377 shares during the quarter. Farther Finance Advisors LLC’s holdings in National Fuel Gas were worth $1,467,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFG. Root Financial Partners LLC acquired a new position in shares of National Fuel Gas in the third quarter worth about $29,000. Richardson Financial Services Inc. raised its position in shares of National Fuel Gas by 88.5% in the 3rd quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 169 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of National Fuel Gas by 105.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 217 shares in the last quarter. Eastern Bank purchased a new position in shares of National Fuel Gas during the 4th quarter valued at approximately $42,000. Finally, True Wealth Design LLC grew its position in shares of 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. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFG has been the topic of several recent analyst reports. Zacks Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Scotiabank set a $101.00 target price on shares of National Fuel Gas in a research report on Wednesday, January 21st. KeyCorp began coverage on shares of National Fuel Gas in a research note on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Fuel Gas has an average rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Price Performance

NFG opened at $86.67 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $91.50 and its 200 day moving average price is $85.34. National Fuel Gas Company has a fifty-two week low of $75.73 and a fifty-two week high of $97.06. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.14 and a beta of 0.52.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, January 29th. The oil and gas producer reported $2.06 EPS for the quarter, topping the consensus estimate of $1.91 by $0.15. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The business had revenue of $651.51 million during the quarter, compared to analyst estimates of $650.70 million. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. As a group, sell-side analysts expect that National Fuel Gas Company will post 7.81 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.14 annualized dividend and a yield of 2.5%. National Fuel Gas’s dividend payout ratio is presently 29.85%.

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.