National Fuel Gas (NYSE:NFG) Shares Purchased by Algert Global LLC

Algert Global LLC raised its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 19.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,584 shares of the oil and gas producer's stock after acquiring an additional 12,744 shares during the quarter. Algert Global LLC owned approximately 0.09% of National Fuel Gas worth $4,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Beacon Capital Management LLC bought a new position in National Fuel Gas in the 1st quarter valued at $27,000. Hexagon Capital Partners LLC bought a new position in shares of National Fuel Gas during the 1st quarter worth $28,000. Valley National Advisers Inc. bought a new position in shares of National Fuel Gas during the 2nd quarter worth $37,000. LRI Investments LLC bought a new position in shares of National Fuel Gas during the 1st quarter worth $46,000. Finally, LifeSteps Financial Inc. bought a new position in shares of National Fuel Gas during the 1st quarter worth $46,000. Institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on National Fuel Gas from $64.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, September 12th. Scotiabank increased their price target 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 cut National Fuel Gas from a "hold" rating to a "sell" rating in a research note on Monday, August 5th.

Insider Activity

In related news, General Counsel Michael W. Reville sold 1,700 shares of the firm's stock in a transaction dated 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 directly owns 8,203 shares of the company's stock, valued at $498,496.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.55% of the company's stock.

National Fuel Gas Stock Down 0.2 %

National Fuel Gas stock traded down $0.15 during midday trading on Tuesday, reaching $60.46. The company's stock had a trading volume of 442,097 shares, compared to its average volume of 532,997. The stock's 50-day simple moving average is $59.26 and its 200-day simple moving average is $56.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.77 and a quick ratio of 0.65. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $61.56. The stock has a market capitalization of $5.56 billion, a P/E ratio of 12.04 and a beta of 0.62.

National Fuel Gas (NYSE:NFG - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. The company had revenue of $417.40 million during the quarter, compared to analysts' expectations of $540.62 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The firm's revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. On average, sell-side analysts expect that National Fuel Gas will post 5.04 EPS for the current year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, September 30th. National Fuel Gas's dividend payout ratio is presently 40.87%.

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.