Bayforest Capital Ltd Has $81,000 Stock Holdings in National Fuel Gas Company $NFG

Bayforest Capital Ltd lowered its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 87.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,014 shares of the oil and gas producer’s stock after selling 7,309 shares during the period. Bayforest Capital Ltd’s holdings in National Fuel Gas were worth $81,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NFG. Root Financial Partners LLC acquired a new position in shares of National Fuel Gas during the 3rd quarter worth $29,000. Richardson Financial Services Inc. raised its holdings in shares of National Fuel Gas by 88.5% during the 3rd quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 169 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of National Fuel Gas by 105.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 217 shares in the last quarter. Eastern Bank acquired a new position in shares of National Fuel Gas during the 4th quarter worth $42,000. Finally, True Wealth Design LLC raised its holdings in shares of National Fuel Gas by 3,883.3% during the 3rd 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. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Trading Up 0.8%

NYSE NFG opened at $86.92 on Thursday. The business’s 50-day moving average price is $91.56 and its two-hundred day moving average price is $85.33. National Fuel Gas Company has a 12 month low of $75.73 and a 12 month high of $97.06. The firm has a market capitalization of $8.26 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.12 and a beta of 0.52. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58.

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, beating analysts’ consensus estimates of $1.91 by $0.15. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.The firm had revenue of $651.51 million for the quarter, compared to analyst estimates of $650.70 million. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue was up 18.6% on a year-over-year basis. On average, analysts expect that National Fuel Gas Company will post 7.81 EPS for the current year.

National Fuel Gas Announces Dividend

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

Analyst Upgrades and Downgrades

NFG has been the topic of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday, December 29th. KeyCorp initiated coverage on National Fuel Gas in a research report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price objective on the stock. 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 report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

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.