Quadrature Capital Ltd Purchases 5,352 Shares of National Fuel Gas (NYSE:NFG)

Quadrature Capital Ltd lifted its position in shares of National Fuel Gas (NYSE:NFG) by 49.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,265 shares of the oil and gas producer’s stock after acquiring an additional 5,352 shares during the period. Quadrature Capital Ltd’s holdings in National Fuel Gas were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of National Fuel Gas by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,190,115 shares of the oil and gas producer’s stock worth $684,699,000 after acquiring an additional 311,599 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of National Fuel Gas by 19.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,868,815 shares of the oil and gas producer’s stock worth $200,830,000 after acquiring an additional 641,010 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of National Fuel Gas by 1.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,224,440 shares of the oil and gas producer’s stock worth $61,430,000 after acquiring an additional 22,088 shares during the period. Thompson Siegel & Walmsley LLC increased its position in National Fuel Gas by 22.9% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,042,509 shares of the oil and gas producer’s stock worth $52,302,000 after purchasing an additional 193,910 shares in the last quarter. Finally, Norges Bank acquired a new position in National Fuel Gas during the 4th quarter worth approximately $49,804,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of National Fuel Gas from $72.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 9th. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th.

National Fuel Gas Trading Up 0.0 %

NFG opened at $54.61 on Friday. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $57.60. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $55.11 and a 200-day moving average of $51.85. The stock has a market cap of $5.02 billion, a PE ratio of 10.84 and a beta of 0.62.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.38. The business had revenue of $629.94 million for the quarter, compared to analyst estimates of $767.33 million. National Fuel Gas had a net margin of 23.84% and a return on equity of 15.06%. National Fuel Gas’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 earnings per share. On average, sell-side analysts predict that National Fuel Gas will post 5.07 EPS for the current year.

National Fuel Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.50. This represents a $2.06 annualized dividend and a yield of 3.77%. National Fuel Gas’s dividend payout ratio is currently 39.29%.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.