Renaissance Technologies LLC reduced its position in National Fuel Gas Co. (NYSE:NFG) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,100 shares of the oil and gas producer’s stock after selling 8,200 shares during the quarter. Renaissance Technologies LLC owned about 0.09% of National Fuel Gas worth $4,179,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Montag A & Associates Inc. acquired a new position in National Fuel Gas in the 4th quarter valued at $247,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of National Fuel Gas by 28.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,398 shares of the oil and gas producer’s stock worth $703,000 after acquiring an additional 2,770 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new stake in shares of National Fuel Gas in the 4th quarter worth $221,000. Swiss National Bank increased its stake in shares of National Fuel Gas by 2.4% in the 4th quarter. Swiss National Bank now owns 131,100 shares of the oil and gas producer’s stock worth $7,199,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of National Fuel Gas by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,269,811 shares of the oil and gas producer’s stock worth $69,725,000 after acquiring an additional 59,826 shares during the last quarter. 71.56% of the stock is owned by hedge funds and other institutional investors.
Shares of NFG opened at $51.60 on Friday. National Fuel Gas Co. has a 52-week low of $48.31 and a 52-week high of $59.92. The firm has a market capitalization of $4,471.13, a price-to-earnings ratio of 15.64, a P/E/G ratio of 5.07 and a beta of 0.88. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.27.
National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.21. The business had revenue of $419.66 million during the quarter, compared to the consensus estimate of $453.61 million. National Fuel Gas had a return on equity of 16.36% and a net margin of 24.93%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company earned $1.04 EPS. sell-side analysts forecast that National Fuel Gas Co. will post 3.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, March 28th. National Fuel Gas’s payout ratio is 50.30%.
A number of brokerages have issued reports on NFG. Jefferies Group raised National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Citigroup reaffirmed a “neutral” rating and issued a $54.00 target price on shares of National Fuel Gas in a research note on Wednesday, March 7th. Sidoti raised National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, January 2nd. Finally, TheStreet raised National Fuel Gas from a “c” rating to a “b-” rating in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.60.
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National Fuel Gas Profile
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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