14,254 Shares in National Fuel Gas Company $NFG Acquired by Summit Global Investments

Summit Global Investments acquired a new position in National Fuel Gas Company (NYSE:NFG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,254 shares of the oil and gas producer’s stock, valued at approximately $1,101,000.

Other institutional investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its position in National Fuel Gas by 458.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 229 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of National Fuel Gas during the 4th quarter worth $29,000. HM Payson & Co. bought a new position in shares of National Fuel Gas during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of National Fuel Gas during the first quarter valued at $38,000. Finally, SHP Wealth Management purchased a new position in shares of National Fuel Gas during the fourth quarter valued at $44,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Price Performance

Shares of NFG opened at $81.91 on Friday. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.81 and a beta of 0.37. National Fuel Gas Company has a twelve month low of $75.17 and a twelve month high of $97.06. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $79.44 and a two-hundred day moving average of $84.55.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.10. The business had revenue of $537.50 million for the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, analysts predict that National Fuel Gas Company will post 7.5 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.555 per share. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, June 30th. This represents a $2.22 annualized dividend and a yield of 2.7%. National Fuel Gas’s dividend payout ratio (DPR) is presently 30.83%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings downgraded National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $105.50.

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.