5,021 shares of National Fuel Gas (NYSE:NFG) purchased by Tidal Investments LLC

Tidal Investments LLC acquired a new stake in shares of National Fuel Gas (NYSE:NFG – Free Report) during the first quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,021 shares of the oil and gas producer valued at approximately $270,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC acquired a new stake in shares of National Fuel Gas in the 1st quarter valued at about $28,000. Lindbrook Capital LLC increased its stake in shares of National Fuel Gas by 123.0% in the 1st quarter. Lindbrook Capital LLC now owns 767 shares of the oil and gas producer worth $41,000 after purchasing an additional 423 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of National Fuel Gas in the 1st quarter valued at $46,000. LifeSteps Financial Inc. acquired a new stake in shares of National Fuel Gas in the 1st quarter valued at $46,000. Finally, NBC Securities Inc. increased its stake in shares of National Fuel Gas by 17.1% in the 4th quarter. NBC Securities Inc. now owns 2,145 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Development of national fuel gas prices

NFG opened at $59.20 on Friday. The company has a liquidity ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average is $56.32 and its 200-day moving average is $53.48. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 11.75 and a beta of 0.62. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $59.60.

National Fuel Gas (NYSE:NFG – Get Free Report) released its latest earnings results on Wednesday, July 31. The oil and gas producer reported earnings per share (EPS) of $0.99 for the quarter, beating the consensus estimate of $0.96 by $0.03. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. The company had revenue of $417.40 million for the quarter, compared to analyst expectations of $540.62 million. During the same period last year, the company generated earnings per share of $1.01. The company’s quarterly revenue declined 2.6% year-over-year. On average, equities analysts expect National Fuel Gas to report earnings per share of $6 for the current fiscal year.

National Fuel Gas increases dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.515. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, June 28th. This represents an annualized dividend of $2.06 and a yield of 3.48%. National Fuel Gas’s payout ratio is 40.87%.

Insiders place their bets

In other news, General Counsel Michael W. Reville sold 6,357 shares of National Fuel Gas stock on Friday, June 21. The shares were sold at an average price of $54.83, for a total value of $348,554.31. Following the transaction, the General Counsel now directly owns 9,903 shares of the company’s stock, valued at approximately $542,981.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.55% of the shares are owned by company insiders.

Changes in analyst ratings

Several equities analysts have recently commented on NFG shares. StockNews.com downgraded National Fuel Gas from a “hold” to a “sell” rating in a report on Monday, August 5th. Scotiabank raised their price target on shares of National Fuel Gas from $75.00 to $80.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th.

Check out our latest research report on NFG

About National Fuel Gas

(Free report)

National Fuel Gas Company is a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, and Gathering and Supply. 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.