Huber Capital Management LLC Purchases New Holdings in National Fuel Gas (NYSE:NFG)

Huber Capital Management LLC bought a new stake in shares of National Fuel Gas (NYSE:NFG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,500 shares of the oil and gas producer’s stock, valued at approximately $3,428,000. Huber Capital Management LLC owned 0.06% of National Fuel Gas as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank purchased a new stake in National Fuel Gas in the 4th quarter worth approximately $67,393,000. Brandywine Global Investment Management LLC acquired a new stake in National Fuel Gas during the fourth quarter valued at $16,906,000. Raymond James Financial Inc. purchased a new position in National Fuel Gas in the fourth quarter valued at about $9,067,000. Geode Capital Management LLC increased its position in National Fuel Gas by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 2,199,787 shares of the oil and gas producer’s stock worth $146,502,000 after purchasing an additional 117,351 shares during the last quarter. Finally, Victory Capital Management Inc. raised 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 in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Up 0.2 %

Shares of NFG stock opened at $79.96 on Thursday. National Fuel Gas has a 52-week low of $51.46 and a 52-week high of $80.14. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of -571.10 and a beta of 0.57. The firm has a fifty day moving average of $74.16 and a 200-day moving average of $66.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same period last year, the firm earned $1.46 EPS. On average, equities research analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.515 per share. The ex-dividend date is Monday, March 31st. This represents a $2.06 annualized dividend and a dividend yield of 2.58%. National Fuel Gas’s dividend payout ratio is presently -1,471.43%.

Wall Street Analysts Forecast Growth

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

National Fuel Gas Company 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.