Twin Tree Management LP Buys Shares of 6,691 National Fuel Gas Company $NFG

Twin Tree Management LP purchased a new position in National Fuel Gas Company (NYSE:NFG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,691 shares of the oil and gas producer’s stock, valued at approximately $517,000.

A number of other large investors also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in shares of National Fuel Gas by 30.0% in the first quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock valued at $12,667,000 after acquiring an additional 36,913 shares during the period. Empowered Funds LLC acquired a new stake in shares of National Fuel Gas in the first quarter worth $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in National Fuel Gas by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock worth $17,480,000 after acquiring an additional 8,304 shares during the period. Focus Partners Wealth increased its position in National Fuel Gas by 79.5% during the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock worth $1,008,000 after acquiring an additional 5,638 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in National Fuel Gas during the 1st quarter valued at $138,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on NFG shares. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings downgraded shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.50.

National Fuel Gas Stock Down 0.0%

NYSE NFG opened at $82.47 on Monday. The company has a current ratio of 3.20, a quick ratio of 3.07 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average is $80.05 and its two-hundred day moving average is $84.55. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.83 and a beta of 0.37. National Fuel Gas Company has a 1-year low of $75.17 and a 1-year high of $97.06.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.10. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The company had revenue of $537.50 million for the quarter, compared to analyst estimates of $564.33 million. During the same period in the prior year, the company posted $1.64 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that National Fuel Gas Company will post 7.5 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 2.7%. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, June 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 30.83%.

National Fuel Gas Profile

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.