MGO One Seven LLC Boosts Stock Position in National Fuel Gas (NYSE:NFG)

MGO One Seven LLC grew its holdings in shares of National Fuel Gas (NYSE:NFG) by 33.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,534 shares of the oil and gas producer’s stock after purchasing an additional 1,876 shares during the quarter. MGO One Seven LLC’s holdings in National Fuel Gas were worth $457,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NFG. CIBC Private Wealth Group LLC increased its holdings in National Fuel Gas by 14.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,221 shares of the oil and gas producer’s stock worth $76,000 after buying an additional 153 shares during the last quarter. UMB Bank n.a. grew its position in shares of National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 218 shares during the period. V Square Quantitative Management LLC increased its stake in shares of National Fuel Gas by 49.5% during the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 239 shares during the last quarter. Mariner LLC raised its holdings in shares of National Fuel Gas by 1.3% in the 4th quarter. Mariner LLC now owns 20,291 shares of the oil and gas producer’s stock worth $1,231,000 after purchasing an additional 258 shares during the period. Finally, Evergreen Capital Management LLC raised its holdings in shares of National Fuel Gas by 2.0% in the 4th quarter. Evergreen Capital Management LLC now owns 13,765 shares of the oil and gas producer’s stock worth $842,000 after purchasing an additional 274 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NFG shares. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price target on National Fuel Gas from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.67.

National Fuel Gas Trading Down 0.1 %

NYSE:NFG opened at $77.88 on Monday. The company has a market cap of $7.05 billion, a P/E ratio of -556.25 and a beta of 0.61. National Fuel Gas has a 1 year low of $52.66 and a 1 year high of $80.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33. The stock’s fifty day moving average price is $76.19 and its two-hundred day moving average price is $68.22.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter in the previous year, the business posted $1.46 EPS. As a group, analysts expect that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Monday, March 31st. National Fuel Gas’s payout ratio is -1,471.43%.

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.