National Fuel Gas Company $NFG Stock Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in shares of National Fuel Gas Company (NYSE:NFG) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,765 shares of the oil and gas producer’s stock after purchasing an additional 12,560 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in National Fuel Gas were worth $10,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lido Advisors LLC increased its position in shares of National Fuel Gas by 44.4% during the 3rd quarter. Lido Advisors LLC now owns 11,661 shares of the oil and gas producer’s stock valued at $885,000 after purchasing an additional 3,584 shares during the last quarter. Equity Investment Corp raised its holdings in National Fuel Gas by 30.8% during the 3rd quarter. Equity Investment Corp now owns 1,325,019 shares of the oil and gas producer’s stock valued at $100,516,000 after buying an additional 312,062 shares during the period. AlphaCore Capital LLC raised its holdings in National Fuel Gas by 6.6% during the 3rd quarter. AlphaCore Capital LLC now owns 6,674 shares of the oil and gas producer’s stock valued at $510,000 after buying an additional 414 shares during the period. Allspring Global Investments Holdings LLC lifted its position in National Fuel Gas by 25.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 623,038 shares of the oil and gas producer’s stock worth $47,513,000 after buying an additional 127,381 shares during the last quarter. Finally, M Holdings Securities Inc. bought a new stake in National Fuel Gas in the third quarter worth $605,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings raised shares of National Fuel Gas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, KeyCorp reissued an “overweight” rating on shares of National Fuel Gas in a research note on Monday, August 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.50.

National Fuel Gas Stock Up 0.8%

Shares of NYSE NFG opened at $74.75 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.54 and a quick ratio of 1.47. The company has a market cap of $7.10 billion, a P/E ratio of 10.62, a PEG ratio of 1.99 and a beta of 0.36. National Fuel Gas Company has a 1 year low of $73.01 and a 1 year high of $97.06. The firm has a 50-day simple moving average of $79.35 and a two-hundred day simple moving average of $83.17.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, November 4th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. The business had revenue of $467.85 million during the quarter, compared to analyst estimates of $472.38 million. National Fuel Gas had a return on equity of 17.95% and a net margin of 26.46%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. Research analysts anticipate that National Fuel Gas Company will post 6.20 earnings per share for the current year.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.5550 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 31.53%.

National Fuel Gas Company Profile

National Fuel Gas Company is a diversified natural gas business founded in 1902 and headquartered in Williamsville, New York. Its operations span natural gas production, gathering and transportation, storage, and local distribution. Through Seneca Resources, the company explores for and produces natural gas, primarily in the Appalachian region. Its pipeline and storage businesses gather, transport, and store natural gas, connecting production areas with markets and other pipeline systems. National Fuel Gas also distributes natural gas to homes and businesses in western New York and northwestern Pennsylvania.