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National Fuel Gas (NYSE:NFG) Shares Bought by Stifel Financial Corp

National Fuel Gas logo with Oils/Energy background

Stifel Financial Corp increased its holdings in shares of National Fuel Gas (NYSE:NFG - Free Report) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,289 shares of the oil and gas producer's stock after buying an additional 10,038 shares during the period. Stifel Financial Corp owned about 0.16% of National Fuel Gas worth $8,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of National Fuel Gas during the third quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in National Fuel Gas in the 3rd quarter valued at $29,000. Venturi Wealth Management LLC acquired a new stake in National Fuel Gas during the 3rd quarter worth $35,000. Valley National Advisers Inc. purchased a new stake in shares of National Fuel Gas during the second quarter worth $37,000. Finally, GAMMA Investing LLC grew its holdings 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 worth $42,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

National Fuel Gas Trading Up 1.0 %

NFG stock traded up $0.59 during midday trading on Friday, hitting $61.39. 541,053 shares of the company's stock were exchanged, compared to its average volume of 517,294. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $65.06. The business has a 50-day simple moving average of $61.58 and a two-hundred day simple moving average of $59.08. The stock has a market capitalization of $5.58 billion, a PE ratio of 75.78 and a beta of 0.63. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77.

National Fuel Gas Dividend Announcement

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 dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.36%. The ex-dividend date is Tuesday, December 31st. National Fuel Gas's dividend payout ratio (DPR) is presently 254.32%.

Insider Buying and Selling at National Fuel Gas

In other National Fuel Gas news, insider Justin I. Loweth sold 19,532 shares of the business's 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 in the company, valued at $2,605,439.07. The trade was a 31.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Donna L. Decarolis sold 10,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 81,519 shares in the company, valued at approximately $5,101,459.02. The trade was a 10.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,232 shares of company stock worth $1,945,367 over the last three months. Insiders own 1.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America started coverage on shares of National Fuel Gas in a research report on Monday, October 28th. They set an "underperform" rating and a $62.00 price target on the stock. JPMorgan Chase & Co. lowered 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. Argus raised National Fuel Gas to a "strong-buy" rating in a report on Tuesday, November 19th. StockNews.com lowered National Fuel Gas from a "hold" rating to a "sell" rating in a research note on Saturday, November 30th. Finally, Scotiabank raised their target price on National Fuel Gas from $80.00 to $81.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, National Fuel Gas has a consensus rating of "Hold" and a consensus target price of $69.00.

View Our Latest Research Report on National Fuel Gas

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.

Further Reading

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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