C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $367,000 in National Fuel Gas (NYSE:NFG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of National Fuel Gas (NYSE:NFG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,042 shares of the oil and gas producer's stock, valued at approximately $367,000.

A number of other large investors have also made changes to their positions in NFG. Blue Trust Inc. increased its holdings in shares of National Fuel Gas by 257.7% during the third quarter. Blue Trust Inc. now owns 4,153 shares of the oil and gas producer's stock worth $252,000 after buying an additional 2,992 shares in the last quarter. Raymond James & Associates boosted its holdings in National Fuel Gas by 37.5% during the third quarter. Raymond James & Associates now owns 97,691 shares of the oil and gas producer's stock worth $5,921,000 after buying an additional 26,655 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in National Fuel Gas in the third quarter valued at approximately $264,000. Keene & Associates Inc. acquired a new stake in shares of National Fuel Gas during the third quarter worth about $379,000. Finally, Spirit of America Management Corp NY increased its position in shares of National Fuel Gas by 82.4% during the third quarter. Spirit of America Management Corp NY now owns 1,550 shares of the oil and gas producer's stock worth $94,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

NFG has been the subject of several recent research reports. Bank of America assumed coverage on shares of National Fuel Gas in a report on Monday, October 28th. They set an "underperform" rating and a $62.00 target price for the company. StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Argus upgraded shares of National Fuel Gas to a "strong-buy" rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reduced their target price on National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $69.00.

Insider Buying and Selling at National Fuel Gas

In other news, insider Donna L. Decarolis sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $62.58, for a total value of $625,800.00. Following the sale, the insider now owns 81,519 shares of the company's stock, valued at $5,101,459.02. The trade was a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Justin I. Loweth sold 19,532 shares of National Fuel Gas stock in a transaction on 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 transaction, the insider now owns 41,841 shares of the company's stock, 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 currently owned by company insiders.

National Fuel Gas Stock Down 0.2 %

Shares of National Fuel Gas stock traded down $0.17 during trading on Friday, reaching $72.58. 764,005 shares of the company traded hands, compared to its average volume of 651,744. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33. The firm has a market capitalization of $6.57 billion, a PE ratio of -518.41 and a beta of 0.64. The company has a 50 day moving average price of $66.25 and a 200-day moving average price of $62.59. National Fuel Gas has a 1-year low of $48.06 and a 1-year high of $73.60.

National Fuel Gas (NYSE:NFG - Get Free Report) last released 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 negative net margin of 0.53% and a positive return on equity of 15.96%. During the same quarter in the previous year, the firm posted $1.46 EPS. As a group, equities research analysts expect that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.84%. The ex-dividend date was Tuesday, December 31st. National Fuel Gas's payout ratio is currently -1,471.43%.

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.