Charles Schwab Investment Management Inc. Has $55.82 Million Stock Position in National Fuel Gas (NYSE:NFG)

Charles Schwab Investment Management Inc. increased its stake in shares of National Fuel Gas (NYSE:NFG - Free Report) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 920,918 shares of the oil and gas producer's stock after buying an additional 7,830 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.01% of National Fuel Gas worth $55,817,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in National Fuel Gas during the 3rd quarter worth approximately $1,277,000. Welch Group LLC bought a new position in shares of National Fuel Gas in the second quarter valued at about $526,000. Evergreen Capital Management LLC acquired a new position in National Fuel Gas during the 2nd quarter worth about $718,000. Legacy Bridge LLC bought a new stake in National Fuel Gas during the 3rd quarter worth about $1,066,000. Finally, Natixis Advisors LLC increased its position in National Fuel Gas by 34.2% in the 2nd quarter. Natixis Advisors LLC now owns 44,898 shares of the oil and gas producer's stock valued at $2,433,000 after acquiring an additional 11,437 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

National Fuel Gas Stock Up 0.8 %

Shares of NYSE:NFG traded up $0.51 during trading on Friday, hitting $63.97. 259,501 shares of the company's stock traded hands, compared to its average volume of 501,043. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $61.33 and a 200-day moving average price of $58.71. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $65.06. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 78.98 and a beta of 0.62.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, September 30th. National Fuel Gas's dividend payout ratio (DPR) is presently 254.32%.

Insider Transactions at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the sale, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NFG. Argus upgraded National Fuel Gas to a "strong-buy" rating in a research report on Tuesday, November 19th. Bank of America started coverage on National Fuel Gas in a report on Monday, October 28th. They issued an "underperform" rating and a $62.00 price objective for the company. 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 report on Tuesday, August 20th. JPMorgan Chase & Co. lowered their price target on National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research note on Saturday. Two 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $69.00.

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.