Oxbow Advisors LLC Makes New Investment in National Fuel Gas Company $NFG

Oxbow Advisors LLC acquired a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 59,954 shares of the oil and gas producer’s stock, valued at approximately $5,633,000. Oxbow Advisors LLC owned 0.06% of National Fuel Gas as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Bridge LLC increased its position in shares of National Fuel Gas by 0.7% during the 4th quarter. Legacy Bridge LLC now owns 17,927 shares of the oil and gas producer’s stock worth $1,435,000 after purchasing an additional 132 shares in the last quarter. NewEdge Wealth LLC boosted its position in National Fuel Gas by 6.2% in the fourth quarter. NewEdge Wealth LLC now owns 2,680 shares of the oil and gas producer’s stock valued at $215,000 after buying an additional 156 shares in the last quarter. Optas LLC boosted its position in National Fuel Gas by 5.3% in the first quarter. Optas LLC now owns 3,238 shares of the oil and gas producer’s stock valued at $304,000 after buying an additional 163 shares in the last quarter. Park Avenue Securities LLC grew its stake in National Fuel Gas by 1.4% during the fourth quarter. Park Avenue Securities LLC now owns 12,050 shares of the oil and gas producer’s stock worth $965,000 after buying an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in National Fuel Gas by 7.5% during the third quarter. Brooklyn Investment Group now owns 2,434 shares of the oil and gas producer’s stock worth $225,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

National Fuel Gas stock opened at $79.19 on Friday. The stock has a 50-day simple moving average of $79.78 and a 200 day simple moving average of $84.53. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 1.74 and a beta of 0.37. The company has a quick ratio of 0.55, a current ratio of 0.62 and a debt-to-equity ratio of 0.55. National Fuel Gas Company has a 12-month low of $75.17 and a 12-month high of $97.06.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The company had revenue of $858.37 million for the quarter, compared to the consensus estimate of $856.57 million. National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.39 EPS. On average, research analysts anticipate that National Fuel Gas Company will post 7.58 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.555 per share. The ex-dividend date is Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.8%. National Fuel Gas’s dividend payout ratio (DPR) is currently 30.04%.

Analysts Set New Price Targets

NFG has been the subject of several recent analyst reports. Weiss Ratings lowered shares of National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, June 8th. Zacks Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, KeyCorp started coverage on National Fuel Gas in a research report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, National Fuel Gas has an average rating of “Moderate Buy” and an average target price of $106.00.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.