FMR LLC lessened its holdings in shares of National Fuel Gas (NYSE:NFG - Free Report) by 34.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,500 shares of the oil and gas producer's stock after selling 75,546 shares during the quarter. FMR LLC owned about 0.16% of National Fuel Gas worth $8,637,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of NFG. Patton Albertson Miller Group LLC bought a new stake in shares of National Fuel Gas in the third quarter worth about $221,000. Hancock Whitney Corp increased its stake in National Fuel Gas by 1.4% in the 3rd quarter. Hancock Whitney Corp now owns 21,363 shares of the oil and gas producer's stock worth $1,295,000 after acquiring an additional 303 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of National Fuel Gas by 72.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 13,961 shares of the oil and gas producer's stock worth $846,000 after acquiring an additional 5,846 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of National Fuel Gas by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,698 shares of the oil and gas producer's stock worth $467,000 after acquiring an additional 859 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of 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 valued at $2,794,000 after acquiring an additional 4,715 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.
Insider Buying and Selling at National Fuel Gas
In other news, General Counsel Michael W. Reville sold 1,700 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were 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. This 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. Also, insider Donna L. Decarolis sold 10,000 shares of National Fuel Gas stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $62.58, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 31,232 shares of company stock worth $1,945,367 over the last 90 days. Company insiders own 1.55% of the company's stock.
National Fuel Gas Trading Down 1.4 %
Shares of NFG traded down $0.85 during midday trading on Thursday, hitting $60.78. The stock had a trading volume of 464,088 shares, compared to its average volume of 517,196. The stock's 50 day moving average is $61.58 and its 200 day moving average is $59.02. The firm has a market cap of $5.52 billion, a PE ratio of 76.07 and a beta of 0.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25. 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 will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.06 annualized dividend and a dividend yield of 3.39%. National Fuel Gas's dividend payout ratio (DPR) is presently 254.32%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Saturday, November 30th. Scotiabank boosted their target price 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. lowered 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 report on Tuesday, November 12th. Argus raised National Fuel Gas to a "strong-buy" rating in a research note on Tuesday, November 19th. Finally, Bank of America initiated coverage on National Fuel Gas in a research report on Monday, October 28th. They set an "underperform" rating and a $62.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $69.00.
View Our Latest Research Report on NFG
National Fuel Gas Company Profile
(
Free Report)
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.
Featured Articles
![Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=NFG)
Before you consider National Fuel Gas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Fuel Gas wasn't on the list.
While National Fuel Gas currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.