Amalgamated Bank Sells 13,849 Shares of National Fuel Gas (NYSE:NFG)

Amalgamated Bank lessened its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 24.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,585 shares of the oil and gas producer's stock after selling 13,849 shares during the period. Amalgamated Bank's holdings in National Fuel Gas were worth $2,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of National Fuel Gas by 0.8% in the first quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer's stock worth $715,178,000 after buying an additional 104,587 shares during the period. Sei Investments Co. boosted its position in shares of National Fuel Gas by 20.2% in the first quarter. Sei Investments Co. now owns 190,996 shares of the oil and gas producer's stock worth $10,260,000 after buying an additional 32,121 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of National Fuel Gas in the first quarter worth $905,000. Welch Group LLC acquired a new stake in shares of National Fuel Gas in the second quarter worth $526,000. Finally, Energy Income Partners LLC boosted its position in shares of National Fuel Gas by 2.4% in the first quarter. Energy Income Partners LLC now owns 2,595,437 shares of the oil and gas producer's stock worth $139,427,000 after buying an additional 62,009 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

National Fuel Gas Stock Up 3.5 %

NYSE NFG traded up $2.08 during trading on Monday, hitting $61.49. 675,590 shares of the company traded hands, compared to its average volume of 524,161. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $63.54. The business has a fifty day simple moving average of $60.63 and a 200 day simple moving average of $58.00. The company has a current ratio of 0.32, a quick ratio of 0.65 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $5.62 billion, a P/E ratio of 75.91 and a beta of 0.62.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.515 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.35%. National Fuel Gas's payout ratio is presently 254.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFG. Scotiabank lifted their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. cut their target price on National Fuel Gas from $64.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. Bank of America began coverage on National Fuel Gas in a report on Monday, October 28th. They set an "underperform" rating and a $62.00 target price on the stock. Finally, StockNews.com lowered National Fuel Gas from a "hold" rating to a "sell" rating in a report on Saturday, October 19th.

Insider Transactions at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the transaction, the general counsel now directly owns 8,203 shares in the company, valued at approximately $498,496.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.55% of the stock is currently owned by corporate insiders.

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.