Barnett & Company Inc. Has $3.15 Million Stock Holdings in National Fuel Gas (NYSE:NFG)

Barnett & Company Inc. raised its stake in National Fuel Gas (NYSE:NFG) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,942 shares of the oil and gas producer’s stock after purchasing an additional 500 shares during the quarter. National Fuel Gas makes up about 2.1% of Barnett & Company Inc.’s portfolio, making the stock its 15th biggest holding. Barnett & Company Inc. owned 0.06% of National Fuel Gas worth $3,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NFG. Raymond James Financial Inc. acquired a new position in National Fuel Gas during the fourth quarter worth $9,067,000. Victory Capital Management Inc. increased its stake in shares of National Fuel Gas by 3.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,584,155 shares of the oil and gas producer’s stock worth $156,807,000 after purchasing an additional 85,950 shares during the last quarter. Ibex Wealth Advisors bought a new stake in shares of National Fuel Gas in the 4th quarter valued at about $4,943,000. Barclays PLC lifted its stake in National Fuel Gas by 243.7% in the 3rd quarter. Barclays PLC now owns 102,672 shares of the oil and gas producer’s stock valued at $6,223,000 after purchasing an additional 72,802 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in National Fuel Gas by 33.3% during the third quarter. Franklin Resources Inc. now owns 220,869 shares of the oil and gas producer’s stock worth $13,386,000 after purchasing an additional 55,152 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $78.18 on Monday. The firm has a market cap of $7.08 billion, a P/E ratio of -558.41 and a beta of 0.57. The business’s 50 day moving average is $72.27 and its 200-day moving average is $65.03. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80. National Fuel Gas has a 1-year low of $51.46 and a 1-year high of $79.35.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter in the prior year, the company earned $1.46 earnings per share. Equities research analysts predict that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Monday, March 31st. National Fuel Gas’s dividend payout ratio is currently -1,471.43%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NFG. JPMorgan Chase & Co. upped their price objective on National Fuel Gas from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, March 13th. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.67.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.