6,691 Shares in National Fuel Gas Company $NFG Purchased by Twin Tree Management LP

Twin Tree Management LP purchased a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,691 shares of the oil and gas producer’s stock, valued at approximately $517,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its stake in National Fuel Gas by 458.0% during the first quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 229 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of National Fuel Gas during the fourth quarter worth approximately $29,000. HM Payson & Co. bought a new position in shares of National Fuel Gas in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of National Fuel Gas in the first quarter valued at approximately $38,000. Finally, SHP Wealth Management acquired a new position in shares of National Fuel Gas in the 4th quarter worth approximately $44,000. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Stock Down 0.0%

Shares of NYSE:NFG opened at $82.47 on Monday. National Fuel Gas Company has a 12 month low of $75.17 and a 12 month high of $97.06. The company’s 50-day moving average price is $80.05 and its two-hundred day moving average price is $84.55. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The firm has a market cap of $7.84 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.83 and a beta of 0.37.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.10. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The firm had revenue of $537.50 million during the quarter, compared to analysts’ expectations of $564.33 million. During the same quarter last year, the company posted $1.64 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, research analysts forecast that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.555 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 30th. National Fuel Gas’s dividend payout ratio (DPR) is 30.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NFG shares. Weiss Ratings lowered National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.50.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.