Quest Partners LLC Decreases Holdings in National Fuel Gas (NYSE:NFG)

Quest Partners LLC decreased its position in National Fuel Gas (NYSE:NFG - Free Report) by 89.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,853 shares of the oil and gas producer's stock after selling 24,991 shares during the period. Quest Partners LLC's holdings in National Fuel Gas were worth $173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beacon Capital Management LLC acquired a new position in National Fuel Gas in the first quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of National Fuel Gas in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in shares of National Fuel Gas during the 3rd quarter worth about $29,000. Venturi Wealth Management LLC acquired a new stake in shares of National Fuel Gas during the 3rd quarter worth about $35,000. Finally, Valley National Advisers Inc. purchased a new stake in National Fuel Gas in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 73.96% of the company's stock.

National Fuel Gas Stock Up 0.1 %

National Fuel Gas stock traded up $0.07 during mid-day trading on Thursday, reaching $63.46. 384,169 shares of the company's stock were exchanged, compared to its average volume of 522,419. 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 twelve month low of $45.32 and a twelve month high of $65.06. The company has a market cap of $5.76 billion, a P/E ratio of 78.35 and a beta of 0.62. The company has a fifty day moving average of $61.20 and a 200-day moving average of $58.61.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas's payout ratio is currently 254.32%.

Insider Activity at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total transaction of $103,309.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NFG shares. StockNews.com raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Argus upgraded shares of National Fuel Gas to a "strong-buy" rating in a report on Tuesday, November 19th. Bank of America started coverage on National Fuel Gas in a research note on Monday, October 28th. They set an "underperform" rating and a $62.00 price target on the stock. Scotiabank lifted their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. decreased their target price on National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $69.00.

National Fuel Gas Company 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.