ORG Partners LLC Acquires New Position in National Fuel Gas (NYSE:NFG)

ORG Partners LLC acquired a new stake in National Fuel Gas (NYSE:NFG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,271 shares of the oil and gas producer’s stock, valued at approximately $164,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of National Fuel Gas by 119.8% in the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 309 shares during the period. Belpointe Asset Management LLC raised its position in National Fuel Gas by 145.5% during the first quarter. Belpointe Asset Management LLC now owns 572 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 339 shares during the last quarter. Quent Capital LLC raised its position in National Fuel Gas by 166.4% during the fourth quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock worth $35,000 after acquiring an additional 431 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new position in National Fuel Gas during the third quarter worth about $40,000. Finally, Stonebridge Capital Advisors LLC raised its position in National Fuel Gas by 68.9% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 760 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 310 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

NYSE:NFG opened at $53.20 on Monday. The firm has a 50 day simple moving average of $50.56 and a 200-day simple moving average of $50.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.56 and a quick ratio of 0.47. The firm has a market cap of $4.90 billion, a PE ratio of 11.15 and a beta of 0.63. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $57.10.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.14. The business had revenue of $525.36 million during the quarter, compared to analyst estimates of $664.57 million. National Fuel Gas had a net margin of 21.58% and a return on equity of 14.81%. The company’s revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 earnings per share. On average, equities analysts expect that National Fuel Gas will post 4.87 EPS for the current year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, March 27th. National Fuel Gas’s dividend payout ratio is presently 41.51%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NFG shares. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Scotiabank lifted their target price on shares of National Fuel Gas from $67.00 to $72.00 and gave the stock a “sector outperform” rating in a research report on Thursday.

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.