National Fuel Gas (NYSE:NFG) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in National Fuel Gas (NYSE:NFG - Free Report) by 106.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,924 shares of the oil and gas producer's stock after purchasing an additional 8,719 shares during the period. Quantinno Capital Management LP's holdings in National Fuel Gas were worth $1,026,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NFG. Daiwa Securities Group Inc. grew its holdings in National Fuel Gas by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 7,698 shares of the oil and gas producer's stock valued at $467,000 after purchasing an additional 859 shares during the last quarter. Empowered Funds LLC acquired a new stake in National Fuel Gas in the 3rd quarter valued at about $1,277,000. Evergreen Capital Management LLC acquired a new stake in National Fuel Gas in the 2nd quarter valued at about $718,000. BNP Paribas Financial Markets increased its holdings in National Fuel Gas by 76.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 31,790 shares of the oil and gas producer's stock valued at $1,927,000 after acquiring an additional 13,739 shares in the last quarter. Finally, Legacy Bridge LLC acquired a new position in National Fuel Gas during the third quarter worth about $1,066,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

National Fuel Gas Trading Up 1.0 %

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

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, December 31st. National Fuel Gas's dividend payout ratio is currently 254.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Bank of America began coverage on shares of National Fuel Gas in a research note on Monday, October 28th. They set an "underperform" rating and a $62.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. Argus upgraded National Fuel Gas to a "strong-buy" rating in a research report on Tuesday, November 19th. Scotiabank lifted their price objective on National Fuel Gas from $80.00 to $81.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. Finally, StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a report on Saturday, November 30th. Two 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $69.00.

Insider Transactions at National Fuel Gas

In other National Fuel Gas news, insider Donna L. Decarolis sold 10,000 shares of National Fuel Gas stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $62.58, for a total transaction of $625,800.00. Following the transaction, the insider now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $103,309.00. Following the sale, the general counsel now owns 8,203 shares of the company's stock, valued at approximately $498,496.31. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,232 shares of company stock worth $1,945,367 in the last three months. Company insiders own 1.55% of the company's stock.

About National Fuel Gas

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.