Genus Capital Management Inc. Acquires Shares of 23,400 National Fuel Gas Company $NFG

Genus Capital Management Inc. acquired a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,400 shares of the oil and gas producer’s stock, valued at approximately $1,982,000.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its position in National Fuel Gas by 9,475.0% during the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 379 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in National Fuel Gas during the second quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. raised its position in National Fuel Gas by 316.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 304 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in National Fuel Gas during the first quarter valued at approximately $55,000. Finally, Dagco Inc. acquired a new position in National Fuel Gas during the first quarter valued at approximately $64,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock opened at $80.30 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. National Fuel Gas Company has a twelve month low of $58.82 and a twelve month high of $94.13. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 0.45 and a beta of 0.58. The company’s fifty day moving average is $86.31 and its 200 day moving average is $84.75.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.7%. National Fuel Gas’s payout ratio is currently 80.45%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research downgraded shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of National Fuel Gas in a report on Tuesday, October 14th. Scotiabank downgraded shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $102.00 to $106.00 in a report on Thursday, October 9th. Bank of America upgraded shares of National Fuel Gas from an “underperform” rating to a “buy” rating and upped their price target for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. Finally, Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.