Jupiter Asset Management Ltd. Invests $909,000 in National Fuel Gas (NYSE:NFG)

Jupiter Asset Management Ltd. purchased a new stake in National Fuel Gas (NYSE:NFGFree Report) during the third quarter, HoldingsChannel.com reports. The firm purchased 17,515 shares of the oil and gas producer’s stock, valued at approximately $909,000.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of National Fuel Gas by 8.2% in the third quarter. Vanguard Group Inc. now owns 11,771,775 shares of the oil and gas producer’s stock valued at $724,553,000 after buying an additional 892,065 shares in the last quarter. BlackRock Inc. boosted its position in National Fuel Gas by 1.6% during the first quarter. BlackRock Inc. now owns 8,679,965 shares of the oil and gas producer’s stock worth $501,181,000 after purchasing an additional 139,734 shares in the last quarter. State Street Corp boosted its position in National Fuel Gas by 4.2% during the second quarter. State Street Corp now owns 7,980,876 shares of the oil and gas producer’s stock worth $413,781,000 after purchasing an additional 321,988 shares in the last quarter. JPMorgan Chase & Co. boosted its position in National Fuel Gas by 26.3% during the second quarter. JPMorgan Chase & Co. now owns 3,227,805 shares of the oil and gas producer’s stock worth $165,780,000 after purchasing an additional 671,537 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in National Fuel Gas by 0.4% during the third quarter. Gabelli Funds LLC now owns 2,456,000 shares of the oil and gas producer’s stock worth $127,491,000 after purchasing an additional 10,000 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd.

Read Our Latest Stock Report on National Fuel Gas

National Fuel Gas Stock Down 2.3 %

NFG opened at $47.68 on Monday. The business’s fifty day moving average is $49.38 and its two-hundred day moving average is $51.46. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.47 and a current ratio of 0.56. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.49 and a beta of 0.62. National Fuel Gas has a one year low of $45.32 and a one year high of $59.28.

National Fuel Gas (NYSE:NFGGet Free Report) last posted its earnings results on Thursday, February 8th. The oil and gas producer reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.14. National Fuel Gas had a return on equity of 14.81% and a net margin of 21.58%. The company had revenue of $525.36 million for the quarter, compared to the consensus estimate of $664.57 million. During the same period in the previous year, the business earned $1.84 earnings per share. National Fuel Gas’s quarterly revenue was down 20.3% compared to the same quarter last year. Analysts anticipate that National Fuel Gas will post 5.14 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.495 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 4.15%. National Fuel Gas’s dividend payout ratio (DPR) is 41.51%.

National Fuel Gas Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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