Pacer Advisors Inc. Purchases 12,155 Shares of National Fuel Gas Company $NFG

Pacer Advisors Inc. raised its position in shares of National Fuel Gas Company (NYSE:NFG) by 271.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,639 shares of the oil and gas producer’s stock after buying an additional 12,155 shares during the quarter. Pacer Advisors Inc.’s holdings in National Fuel Gas were worth $1,537,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of National Fuel Gas by 2.8% during the 2nd quarter. Parallel Advisors LLC now owns 4,784 shares of the oil and gas producer’s stock worth $405,000 after acquiring an additional 129 shares in the last quarter. US Bancorp DE grew its holdings in National Fuel Gas by 0.6% in the second quarter. US Bancorp DE now owns 25,766 shares of the oil and gas producer’s stock worth $2,183,000 after purchasing an additional 161 shares during the last quarter. UMB Bank n.a. increased its position in shares of National Fuel Gas by 19.6% during the second quarter. UMB Bank n.a. now owns 1,012 shares of the oil and gas producer’s stock worth $86,000 after purchasing an additional 166 shares in the last quarter. HBK Sorce Advisory LLC increased its position in shares of National Fuel Gas by 0.8% during the third quarter. HBK Sorce Advisory LLC now owns 21,739 shares of the oil and gas producer’s stock worth $1,930,000 after purchasing an additional 179 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of National Fuel Gas by 11.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,857 shares of the oil and gas producer’s stock valued at $157,000 after purchasing an additional 195 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NFG shares. Weiss Ratings restated a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday. Scotiabank lowered National Fuel Gas from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $102.00 to $106.00 in a research note on Thursday, October 9th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.00.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $79.98 on Thursday. National Fuel Gas Company has a 52 week low of $60.12 and a 52 week high of $94.13. The business’s 50 day moving average price is $80.98 and its 200 day moving average price is $84.75. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. The firm has a market cap of $7.60 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.73 and a beta of 0.60.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $466.28 million during the quarter, compared to analyst estimates of $534.57 million. National Fuel Gas had a net margin of 22.86% and a return on equity of 21.76%. National Fuel Gas’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period last year, the firm posted $0.77 EPS. On average, sell-side analysts expect that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, December 31st. National Fuel Gas’s dividend payout ratio is presently 37.68%.

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.