447,498 Shares in National Fuel Gas Company $NFG Purchased by Tocqueville Asset Management L.P.

by · The Markets Daily

Tocqueville Asset Management L.P. bought a new position in shares of National Fuel Gas Company (NYSE:NFG – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 447,498 shares of the oil and gas producer’s stock, valued at approximately $34,551,000.

Other hedge funds also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its stake in shares of National Fuel Gas by 458.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 229 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of National Fuel Gas in the 4th quarter worth approximately $29,000. HM Payson & Co. purchased a new position in National Fuel Gas in the 4th quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new position in National Fuel Gas in the 1st quarter valued at approximately $38,000. Finally, Bogart Wealth LLC raised its holdings in National Fuel Gas by 170.2% during the first quarter. Bogart Wealth LLC now owns 516 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 325 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Get Our Latest Stock Report on NFG

National Fuel Gas Trading Up 0.3%

Shares of National Fuel Gas stock opened at $83.63 on Thursday. National Fuel Gas Company has a 1 year low of $75.17 and a 1 year high of $97.06. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.20 and a quick ratio of 3.07. The business has a 50 day moving average price of $79.81 and a 200 day moving average price of $84.55. The company has a market capitalization of $7.95 billion, a P/E ratio of 11.62, a P/E/G ratio of 1.85 and a beta of 0.37.

National Fuel Gas (NYSE:NFG – Get Free Report) last announced its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. The firm had revenue of $537.50 million for the quarter, compared to analysts’ expectations of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.National Fuel Gas’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. Sell-side analysts anticipate that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

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

National Fuel Gas Company Profile

(Free Report)

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.

See Also

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