BNP Paribas Financial Markets Raises Stake in National Fuel Gas (NYSE:NFG)

BNP Paribas Financial Markets raised its position in National Fuel Gas (NYSE:NFGFree Report) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,955 shares of the oil and gas producer’s stock after purchasing an additional 3,515 shares during the period. BNP Paribas Financial Markets’ holdings in National Fuel Gas were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB raised its stake in National Fuel Gas by 26.7% in the fourth quarter. Nordea Investment Management AB now owns 103,314 shares of the oil and gas producer’s stock valued at $5,142,000 after buying an additional 21,748 shares in the last quarter. Vanguard Group Inc. raised its position in shares of National Fuel Gas by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,190,115 shares of the oil and gas producer’s stock worth $684,699,000 after acquiring an additional 311,599 shares in the last quarter. Cullen Investment Group LTD. purchased a new stake in National Fuel Gas during the fourth quarter worth approximately $1,674,000. Mackenzie Financial Corp boosted its holdings in National Fuel Gas by 12.9% in the fourth quarter. Mackenzie Financial Corp now owns 298,410 shares of the oil and gas producer’s stock valued at $14,971,000 after purchasing an additional 34,156 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in National Fuel Gas by 22.4% in the fourth quarter. Victory Capital Management Inc. now owns 890,464 shares of the oil and gas producer’s stock valued at $44,675,000 after purchasing an additional 162,805 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NFG shares. Scotiabank increased their target price on shares of National Fuel Gas from $72.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 9th. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.

Check Out Our Latest Stock Analysis on NFG

National Fuel Gas Stock Performance

Shares of NFG opened at $55.37 on Friday. The company’s 50 day simple moving average is $54.33 and its 200-day simple moving average is $51.36. The firm has a market cap of $5.09 billion, a PE ratio of 10.99 and a beta of 0.63. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $57.60. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72.

National Fuel Gas (NYSE:NFGGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.38. National Fuel Gas had a net margin of 23.84% and a return on equity of 15.06%. The company had revenue of $629.94 million for the quarter, compared to the consensus estimate of $767.33 million. During the same period last year, the firm posted $1.54 EPS. National Fuel Gas’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, equities analysts predict that National Fuel Gas will post 5.07 EPS for the current year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.495 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.98 annualized dividend and a yield of 3.58%. National Fuel Gas’s dividend payout ratio is currently 39.29%.

About National Fuel Gas

(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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