National Fuel Gas (NYSE:NFG - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $65.18 and last traded at $65.00, with a volume of 290683 shares trading hands. The stock had previously closed at $63.67.
Analysts Set New Price Targets
A number of brokerages have commented on NFG. JPMorgan Chase & Co. decreased their price objective on National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating for the company in a report on Tuesday, November 12th. StockNews.com upgraded National Fuel Gas from a "sell" rating to a "hold" rating in a report on Monday. Argus upgraded National Fuel Gas to a "strong-buy" rating in a research note on Tuesday, November 19th. Finally, Bank of America started coverage on shares of 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. One analyst has rated the stock with a sell rating, two have assigned 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 stock presently has an average rating of "Hold" and an average price target of $69.00.
Check Out Our Latest Report on National Fuel Gas
National Fuel Gas Price Performance
The stock has a market cap of $5.91 billion, a P/E ratio of 80.30 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. The business's 50-day simple moving average is $61.52 and its two-hundred day simple moving average is $59.95.
National Fuel Gas Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.515 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.06 annualized dividend and a yield of 3.17%. National Fuel Gas's dividend payout ratio is currently 254.32%.
Insider Transactions at National Fuel Gas
In other news, insider Justin I. Loweth sold 19,532 shares of the 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 transaction, the insider now owns 41,841 shares of the company's stock, valued at $2,605,439.07. This represents a 31.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 of the company's stock, valued at $5,101,459.02. This represents a 10.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company's stock.
Institutional Trading of National Fuel Gas
Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of National Fuel Gas in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in National Fuel Gas in the 3rd quarter worth approximately $29,000. Venturi Wealth Management LLC bought a new stake in National Fuel Gas in the third quarter valued at approximately $35,000. GAMMA Investing LLC boosted its stake in shares of National Fuel Gas by 38.6% during 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 during the period. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of National Fuel Gas in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 73.96% of the company's stock.
National Fuel Gas Company Profile
(
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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.
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