Strs Ohio Buys New Position in National Fuel Gas (NYSE:NFG)

Strs Ohio bought a new stake in shares of National Fuel Gas (NYSE:NFG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 37,568 shares of the oil and gas producer’s stock, valued at approximately $1,884,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFG. Blue Trust Inc. boosted 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 boosted its position in National Fuel Gas by 145.5% in the 1st quarter. Belpointe Asset Management LLC now owns 572 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 339 shares during the period. Quent Capital LLC boosted its position in National Fuel Gas by 166.4% in the 4th quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 431 shares during the period. Stonebridge Capital Advisors LLC boosted its position in National Fuel Gas by 68.9% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 760 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 310 shares during the period. Finally, Artemis Wealth Advisors LLC purchased a new position in National Fuel Gas in the 3rd quarter valued at approximately $40,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on NFG shares. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Scotiabank lifted their price objective on National Fuel Gas from $67.00 to $72.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th.

National Fuel Gas Stock Up 2.7 %

Shares of National Fuel Gas stock opened at $53.43 on Friday. The company has a market capitalization of $4.92 billion, a P/E ratio of 11.20 and a beta of 0.63. The company has a 50 day moving average of $51.12 and a 200 day moving average of $50.80. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $56.67. The company has a quick ratio of 0.47, a current ratio of 0.56 and a debt-to-equity ratio of 0.75.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.14. The business had revenue of $525.36 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 20.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 EPS. As a group, research analysts forecast that National Fuel Gas will post 4.87 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 3.71%. The ex-dividend date was Wednesday, March 27th. National Fuel Gas’s payout ratio is 41.51%.

National Fuel Gas Company 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.