Edmp Inc. Has $1.61 Million Stock Holdings in National Fuel Gas (NYSE:NFG)

Edmp Inc. increased its holdings in shares of National Fuel Gas (NYSE:NFG) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,448 shares of the oil and gas producer’s stock after purchasing an additional 684 shares during the period. National Fuel Gas makes up approximately 1.5% of Edmp Inc.’s holdings, making the stock its 26th largest position. Edmp Inc.’s holdings in National Fuel Gas were worth $1,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in National Fuel Gas by 38.6% during the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 194 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of National Fuel Gas by 4.3% in the third quarter. Inspire Investing LLC now owns 7,692 shares of the oil and gas producer’s stock valued at $466,000 after buying an additional 318 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in National Fuel Gas during the third quarter worth about $217,000. nVerses Capital LLC increased its stake in National Fuel Gas by 44.8% during the third quarter. nVerses Capital LLC now owns 4,200 shares of the oil and gas producer’s stock valued at $255,000 after acquiring an additional 1,300 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in National Fuel Gas by 2.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 63,227 shares of the oil and gas producer’s stock valued at $3,832,000 after acquiring an additional 1,669 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NFG. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Bank of America initiated coverage on shares of National Fuel Gas in a research note on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Finally, Argus upgraded National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.00.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $71.98 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $64.51 and a two-hundred day moving average of $61.86. National Fuel Gas has a 1-year low of $46.35 and a 1-year high of $73.13.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 company posted $1.46 earnings per share. On average, equities research analysts expect that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Tuesday, December 31st. National Fuel Gas’s dividend payout ratio (DPR) is currently -1,471.32%.

Insider Buying and Selling

In other news, insider Donna L. Decarolis sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $62.58, for a total transaction of $625,800.00. Following the completion of the sale, the insider now owns 81,519 shares of the company’s stock, valued at $5,101,459.02. This represents a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin I. Loweth sold 19,532 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $62.27, for a total value of $1,216,257.64. Following the completion of the sale, the insider now owns 41,841 shares in the company, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.41% of the stock is owned by insiders.

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.