Algert Global LLC Has $1.57 Million Position in National Fuel Gas (NYSE:NFG)

Algert Global LLC reduced its stake in shares of National Fuel Gas (NYSE:NFG - Free Report) by 67.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,964 shares of the oil and gas producer's stock after selling 53,620 shares during the quarter. Algert Global LLC's holdings in National Fuel Gas were worth $1,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC grew its position in National Fuel Gas by 11.4% during the 3rd quarter. Cerity Partners LLC now owns 46,092 shares of the oil and gas producer's stock worth $2,794,000 after acquiring an additional 4,715 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in National Fuel Gas by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 920,918 shares of the oil and gas producer's stock worth $55,817,000 after purchasing an additional 7,830 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in National Fuel Gas by 53.9% in the third quarter. Advisors Asset Management Inc. now owns 21,451 shares of the oil and gas producer's stock worth $1,300,000 after purchasing an additional 7,510 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of National Fuel Gas by 4.7% during the third quarter. PNC Financial Services Group Inc. now owns 79,619 shares of the oil and gas producer's stock worth $4,826,000 after purchasing an additional 3,559 shares during the last quarter. Finally, Legacy Bridge LLC acquired a new stake in shares of National Fuel Gas in the third quarter valued at $1,066,000. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Trading Up 0.8 %

Shares of NYSE:NFG traded up $0.50 during trading on Friday, hitting $63.96. 259,501 shares of the company's stock were exchanged, compared to its average volume of 521,280. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.81 billion, a P/E ratio of 78.35 and a beta of 0.62. The firm has a 50-day moving average price of $61.26 and a two-hundred day moving average price of $58.64. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $65.06.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Monday, September 30th. National Fuel Gas's dividend payout ratio is presently 254.32%.

Insider Buying and Selling at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total value of $103,309.00. Following the sale, the general counsel now directly owns 8,203 shares in the company, valued at approximately $498,496.31. This trade represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.55% of the company's stock.

Wall Street Analyst Weigh In

NFG has been the topic of a number of research analyst reports. Scotiabank increased their price objective on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. reduced their target price on shares of National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 12th. Argus raised shares of National Fuel Gas to a "strong-buy" rating in a report on Tuesday, November 19th. Bank of America initiated coverage on National Fuel Gas in a report on Monday, October 28th. They set an "underperform" rating and a $62.00 price objective on the stock. Finally, StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Friday, November 22nd. 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 company currently has a consensus rating of "Hold" and a consensus price target of $69.00.

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.