Schwarz Dygos Wheeler Investment Advisors LLC Invests $241,000 in National Fuel Gas Company (NYSE:NFG)

Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in shares of National Fuel Gas Company (NYSE:NFG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,040 shares of the oil and gas producer’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP purchased a new stake in shares of National Fuel Gas during the fourth quarter worth about $32,000. Ameriflex Group Inc. purchased a new stake in National Fuel Gas during the 4th quarter valued at about $36,000. Aster Capital Management DIFC Ltd grew its stake in National Fuel Gas by 223.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer’s stock valued at $40,000 after acquiring an additional 453 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new stake in National Fuel Gas during the 1st quarter valued at about $40,000. Finally, Inlight Wealth Management LLC purchased a new stake in National Fuel Gas during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of National Fuel Gas from $88.00 to $98.00 and gave the company a “sector outperform” rating in a research note on Friday. Bank of America upped their price objective on shares of National Fuel Gas from $77.00 to $85.00 and gave the company an “underperform” rating in a research note on Friday, May 23rd. Finally, Wall Street Zen cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.00.

National Fuel Gas Stock Performance

NYSE:NFG opened at $84.06 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.47 and a quick ratio of 0.43. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 195.50, a PEG ratio of 0.53 and a beta of 0.62. The company’s 50-day moving average is $82.84 and its two-hundred day moving average is $76.28. National Fuel Gas Company has a 1-year low of $56.29 and a 1-year high of $86.89.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, topping the consensus estimate of $2.18 by $0.21. National Fuel Gas had a net margin of 1.91% and a return on equity of 18.55%. The firm had revenue of $729.95 million for the quarter, compared to analyst estimates of $770.81 million. During the same period in the prior year, the business posted $1.79 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.535 per share. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.52. This represents a $2.14 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, June 30th. National Fuel Gas’s dividend payout ratio is presently 497.67%.

About National Fuel Gas

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.