National Fuel Gas Company $NFG Stock Holdings Boosted by Ibex Wealth Advisors

Ibex Wealth Advisors grew its position in shares of National Fuel Gas Company (NYSE:NFG) by 7.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 94,273 shares of the oil and gas producer’s stock after purchasing an additional 6,719 shares during the quarter. Ibex Wealth Advisors owned 0.10% of National Fuel Gas worth $8,858,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Gotham Asset Management LLC grew its position in National Fuel Gas by 74.9% in the third quarter. Gotham Asset Management LLC now owns 521,928 shares of the oil and gas producer’s stock worth $48,210,000 after buying an additional 223,459 shares during the last quarter. Morse Asset Management Inc lifted its position in shares of National Fuel Gas by 3,320.0% during the 3rd quarter. Morse Asset Management Inc now owns 14,535 shares of the oil and gas producer’s stock valued at $1,343,000 after acquiring an additional 14,110 shares during the last quarter. Phocas Financial Corp. acquired a new stake in shares of National Fuel Gas during the 4th quarter valued at $7,086,000. Oppenheimer & Co. Inc. boosted its stake in shares of National Fuel Gas by 84.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 61,728 shares of the oil and gas producer’s stock worth $4,942,000 after acquiring an additional 28,293 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of National Fuel Gas by 8.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 315,753 shares of the oil and gas producer’s stock worth $25,911,000 after acquiring an additional 24,988 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NFG shares. KeyCorp began coverage on National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price target for the company. Weiss Ratings downgraded National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Trading Up 0.1%

National Fuel Gas stock opened at $79.12 on Friday. National Fuel Gas Company has a 52 week low of $75.17 and a 52 week high of $97.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.62. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.74 and a beta of 0.37. The company has a 50 day moving average price of $79.00 and a 200 day moving average price of $84.48.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.14). National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The business had revenue of $858.37 million during the quarter, compared to analysts’ expectations of $856.57 million. During the same period in the prior year, the company posted $2.39 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. Research analysts forecast that National Fuel Gas Company will post 7.58 EPS for the current year.

National Fuel Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.555 per share. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, June 30th. National Fuel Gas’s dividend payout ratio is 30.04%.

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.