Dynamic Technology Lab Private Ltd Acquires Shares of 23,260 National Fuel Gas Company $NFG

Dynamic Technology Lab Private Ltd acquired a new stake in National Fuel Gas Company (NYSE:NFG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,260 shares of the oil and gas producer’s stock, valued at approximately $1,862,000. National Fuel Gas accounts for approximately 0.4% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 28th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in NFG. Goldman Sachs Group Inc. raised its position in National Fuel Gas by 30.0% in the first quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock valued at $12,667,000 after purchasing an additional 36,913 shares during the period. Empowered Funds LLC purchased a new position in National Fuel Gas in the first quarter valued at about $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in National Fuel Gas by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock valued at $17,480,000 after purchasing an additional 8,304 shares during the period. Focus Partners Wealth raised its position in National Fuel Gas by 79.5% in the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock valued at $1,008,000 after purchasing an additional 5,638 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in National Fuel Gas in the first quarter valued at about $138,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. KeyCorp assumed coverage on National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Weiss Ratings lowered National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Stock Up 0.9%

Shares of National Fuel Gas stock opened at $77.52 on Friday. The business has a 50-day moving average of $84.07 and a 200-day moving average of $85.02. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. The company has a market capitalization of $7.37 billion, a PE ratio of 10.49, a P/E/G ratio of 1.69 and a beta of 0.37. National Fuel Gas Company has a 1-year low of $75.85 and a 1-year high of $97.06.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.14). The business had revenue of $858.37 million for the quarter, compared to analyst estimates of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.39 earnings per share. As a group, equities analysts forecast that National Fuel Gas Company will post 7.58 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 2.9%. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, June 30th. National Fuel Gas’s payout ratio is 28.96%.

National Fuel Gas Company Profile

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.