Aigen Investment Management LP Takes Position in National Fuel Gas (NYSE:NFG)

Aigen Investment Management LP acquired a new stake in shares of National Fuel Gas (NYSE:NFG – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,202 shares of the oil and gas producer’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ronald Blue Trust Inc. raised its stake in shares of National Fuel Gas by 1,676.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 444 shares of the oil and gas producer’s stock valued at $27,000 after acquiring an additional 419 shares during the last quarter. New England Capital Financial Advisors LLC bought a new position in shares of National Fuel Gas during the fourth quarter valued at about $33,000. New Hampshire Trust bought a new position in shares of National Fuel Gas during the fourth quarter valued at about $52,000. Fred Alger Management LLC bought a new position in shares of National Fuel Gas during the third quarter valued at about $54,000. Finally, Bessemer Group Inc. raised its stake in National Fuel Gas by 566.9% in the third quarter. Bessemer Group Inc. now owns 927 shares of the oil and gas producer’s stock worth $57,000 after buying an additional 788 shares in the last quarter. 72.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Argus decreased their price target on shares of National Fuel Gas from $76.00 to $58.00 in a research note on Wednesday. StockNews.com assumed coverage on shares of National Fuel Gas in a research note on Thursday, May 18th. They issued a “hold” rating for the company. The Goldman Sachs Group decreased their price target on shares of National Fuel Gas from $60.00 to $54.00 in a research note on Wednesday. Finally, Raymond James downgraded shares of National Fuel Gas from an “outperform” rating to a “market perform” rating in a research note on Monday, February 6th.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $50.80 on Friday. National Fuel Gas has a fifty-two week low of $50.25 and a fifty-two week high of $75.97. The company has a 50 day simple moving average of $54.72 and a two-hundred day simple moving average of $58.78. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.02 and a beta of 0.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.54 and a current ratio of 0.59.

National Fuel Gas (NYSE:NFG – Get Rating) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). National Fuel Gas had a net margin of 24.93% and a return on equity of 23.69%. The business had revenue of $717.26 million for the quarter, compared to the consensus estimate of $697.11 million. During the same period in the prior year, the business posted $1.68 EPS. National Fuel Gas’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that National Fuel Gas will post 5.2 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, March 30th. National Fuel Gas’s dividend payout ratio is 30.40%.

National Fuel Gas Profile

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National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, storage, and distribution of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment seeks to discover and produce raw materials.