National Fuel Gas Company $NFG Position Increased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of National Fuel Gas Company (NYSE:NFG) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,816,217 shares of the oil and gas producer’s stock after acquiring an additional 121,099 shares during the period. Geode Capital Management LLC’s holdings in National Fuel Gas were worth $145,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC raised its holdings in shares of National Fuel Gas by 4.2% during the third quarter. New Age Alpha Advisors LLC now owns 3,184 shares of the oil and gas producer’s stock worth $294,000 after acquiring an additional 128 shares in the last quarter. Legacy Bridge LLC raised its holdings in shares of National Fuel Gas by 0.7% during the fourth quarter. Legacy Bridge LLC now owns 17,927 shares of the oil and gas producer’s stock worth $1,435,000 after acquiring an additional 132 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of National Fuel Gas by 6.2% during the fourth quarter. NewEdge Wealth LLC now owns 2,680 shares of the oil and gas producer’s stock worth $215,000 after acquiring an additional 156 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of National Fuel Gas by 5.3% during the third quarter. OneDigital Investment Advisors LLC now owns 3,238 shares of the oil and gas producer’s stock worth $299,000 after acquiring an additional 164 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of National Fuel Gas by 1.4% during the fourth quarter. Park Avenue Securities LLC now owns 12,050 shares of the oil and gas producer’s stock worth $965,000 after acquiring an additional 169 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Stock Down 0.2%

NFG stock opened at $77.28 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. National Fuel Gas Company has a 52-week low of $75.85 and a 52-week high of $97.06. The company has a 50-day moving average of $86.15 and a two-hundred day moving average of $85.20. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.37.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The firm had revenue of $858.37 million for the quarter, compared to the consensus estimate of $856.57 million. During the same quarter last year, the company earned $2.39 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that National Fuel Gas Company will post 7.59 EPS for the current year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, March 31st. National Fuel Gas’s dividend payout ratio (DPR) is presently 28.96%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp assumed coverage on National Fuel Gas in a report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price objective for the company. Weiss Ratings upgraded National Fuel Gas from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 22nd. Finally, Zacks Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

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.