Creative Planning grew its holdings in National Fuel Gas Co. (NYSE:NFG) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,165 shares of the oil and gas producer’s stock after purchasing an additional 391 shares during the period. Creative Planning’s holdings in National Fuel Gas were worth $1,134,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ipswich Investment Management Co. Inc. acquired a new position in National Fuel Gas during the fourth quarter worth $75,000. Quantamental Technologies LLC bought a new position in National Fuel Gas during the fourth quarter worth $137,000. Gradient Investments LLC bought a new position in National Fuel Gas during the fourth quarter worth $147,000. IFP Advisors Inc boosted its position in National Fuel Gas by 80.1% during the third quarter. IFP Advisors Inc now owns 3,046 shares of the oil and gas producer’s stock worth $171,000 after purchasing an additional 1,355 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in National Fuel Gas during the third quarter worth $172,000. Institutional investors and hedge funds own 74.32% of the company’s stock.
A number of equities research analysts have recently issued reports on NFG shares. ValuEngine cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. TheStreet raised National Fuel Gas from a “c+” rating to a “b” rating in a research note on Monday, December 10th. Finally, Zacks Investment Research raised National Fuel Gas from a “hold” rating to a “strong-buy” rating and set a $66.00 price target for the company in a research note on Friday, October 19th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $60.00.
NFG stock opened at $58.18 on Tuesday. The stock has a market capitalization of $5.02 billion, a P/E ratio of 17.42, a P/E/G ratio of 5.92 and a beta of 0.85. National Fuel Gas Co. has a 52 week low of $48.43 and a 52 week high of $59.15. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.25 and a quick ratio of 1.09.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.05. The business had revenue of $490.25 million during the quarter, compared to the consensus estimate of $477.76 million. National Fuel Gas had a return on equity of 15.26% and a net margin of 17.77%. On average, sell-side analysts predict that National Fuel Gas Co. will post 3.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, December 28th. National Fuel Gas’s dividend payout ratio (DPR) is presently 50.90%.
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About National Fuel Gas
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.
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