Geneos Wealth Management Inc. Acquires 280 Shares of National Fuel Gas (NYSE:NFG)

Geneos Wealth Management Inc. grew its holdings in National Fuel Gas (NYSE:NFG) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,906 shares of the oil and gas producer’s stock after purchasing an additional 280 shares during the quarter. Geneos Wealth Management Inc.’s holdings in National Fuel Gas were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in National Fuel Gas in the third quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of National Fuel Gas during the 3rd quarter valued at $29,000. UMB Bank n.a. boosted its stake in National Fuel Gas by 82.9% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 218 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in National Fuel Gas in the third quarter worth $35,000. Finally, GAMMA Investing LLC increased its stake in National Fuel Gas by 38.6% in the third 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 in the last quarter. Institutional investors own 73.96% of the company’s stock.

Insiders Place Their Bets

In other news, insider Donna L. Decarolis sold 10,000 shares of National Fuel Gas stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $62.58, for a total transaction of $625,800.00. Following the sale, the insider now directly owns 81,519 shares in the company, valued at $5,101,459.02. The trade was a 10.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Justin I. Loweth sold 19,532 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $62.27, for a total transaction of $1,216,257.64. Following the transaction, the insider now owns 41,841 shares of the company’s stock, valued at approximately $2,605,439.07. The trade was a 31.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock opened at $68.32 on Thursday. The company has a market cap of $6.20 billion, a PE ratio of 84.34, a price-to-earnings-growth ratio of 1.02 and a beta of 0.64. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $70.12. The business has a 50 day moving average price of $63.22 and a 200-day moving average price of $61.03.

National Fuel Gas (NYSE:NFG) last posted 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 net margin of 3.99% and a return on equity of 14.88%. During the same quarter in the prior year, the business posted $1.46 EPS. Equities analysts anticipate that National Fuel Gas will post 6.19 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.515 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.06 annualized dividend and a yield of 3.02%. National Fuel Gas’s dividend payout ratio (DPR) is 254.32%.

Analyst Ratings Changes

NFG has been the subject of several research reports. Bank of America initiated coverage on National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 target price for the company. Argus upgraded National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price target 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. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, National Fuel Gas currently has a consensus rating of “Hold” and an average price target of $69.00.

National Fuel Gas Company 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.