FreeGulliver LLC Sells 3,811 Shares of National Fuel Gas (NYSE:NFG)

FreeGulliver LLC decreased its stake in shares of National Fuel Gas (NYSE:NFG) by 50.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,800 shares of the oil and gas producer’s stock after selling 3,811 shares during the period. FreeGulliver LLC’s holdings in National Fuel Gas were worth $231,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kentucky Trust Co purchased a new stake in National Fuel Gas during the 4th quarter worth about $25,000. UMB Bank n.a. lifted its holdings in National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 218 shares in the last quarter. S.A. Mason LLC purchased a new stake in National Fuel Gas during the 4th quarter worth about $38,000. V Square Quantitative Management LLC lifted its holdings in National Fuel Gas by 49.5% during the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 239 shares in the last quarter. Finally, IAG Wealth Partners LLC purchased a new stake in National Fuel Gas during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFG. JPMorgan Chase & Co. increased their price objective on National Fuel Gas from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, March 13th. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Argus raised National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.67.

National Fuel Gas Stock Performance

NYSE:NFG opened at $77.74 on Wednesday. The stock has a market cap of $7.04 billion, a P/E ratio of -555.25 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas has a twelve month low of $51.36 and a twelve month high of $77.94. The business’s 50-day moving average price is $71.29 and its two-hundred day moving average price is $64.64.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter in the previous year, the business posted $1.46 EPS. As a group, equities analysts predict that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.515 per share. The ex-dividend date is Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.65%. National Fuel Gas’s dividend payout ratio is -1,471.43%.

About National Fuel Gas

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.