National Fuel Gas Company $NFG Stock Holdings Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in National Fuel Gas Company (NYSE:NFG) by 5,279.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,952 shares of the oil and gas producer’s stock after buying an additional 9,767 shares during the period. Farther Finance Advisors LLC’s holdings in National Fuel Gas were worth $919,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in National Fuel Gas by 3.4% during the second quarter. State Street Corp now owns 4,035,345 shares of the oil and gas producer’s stock worth $343,962,000 after acquiring an additional 132,855 shares during the period. Energy Income Partners LLC boosted its position in shares of National Fuel Gas by 2.1% during the 2nd quarter. Energy Income Partners LLC now owns 2,295,208 shares of the oil and gas producer’s stock valued at $194,427,000 after purchasing an additional 46,616 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of National Fuel Gas by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,693,980 shares of the oil and gas producer’s stock worth $143,531,000 after purchasing an additional 4,995 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of National Fuel Gas by 1.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,510,907 shares of the oil and gas producer’s stock worth $127,989,000 after purchasing an additional 15,040 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of National Fuel Gas in the 2nd quarter worth approximately $91,964,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on NFG shares. Scotiabank lowered shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $102.00 to $106.00 in a research report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, December 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $98.00.

National Fuel Gas Price Performance

Shares of NFG opened at $80.86 on Tuesday. National Fuel Gas Company has a fifty-two week low of $60.12 and a fifty-two week high of $94.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.35. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 0.73 and a beta of 0.60. The business’s 50-day moving average is $81.05 and its 200-day moving average is $84.80.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. National Fuel Gas had a net margin of 22.86% and a return on equity of 21.76%. The business had revenue of $466.28 million for the quarter, compared to analysts’ expectations of $534.57 million. During the same period in the previous year, the company posted $0.77 EPS. National Fuel Gas’s revenue was up 22.7% on a year-over-year basis. Equities research analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 31st. National Fuel Gas’s dividend payout ratio is presently 37.68%.

About National Fuel Gas

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.