Nisa Investment Advisors LLC decreased its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 30.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,780 shares of the oil and gas producer's stock after selling 14,425 shares during the period. Nisa Investment Advisors LLC's holdings in National Fuel Gas were worth $2,004,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in NFG. V Square Quantitative Management LLC purchased a new stake in shares of National Fuel Gas in the third quarter worth about $29,000. Beacon Capital Management LLC purchased a new stake in shares of National Fuel Gas in the first quarter worth about $27,000. GAMMA Investing LLC lifted its position in shares of National Fuel Gas by 38.6% in 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. Valley National Advisers Inc. purchased a new stake in shares of National Fuel Gas in the second quarter worth about $37,000. Finally, LRI Investments LLC purchased a new stake in shares of National Fuel Gas in the first quarter worth about $46,000. Institutional investors own 73.96% of the company's stock.
Insider Transactions at National Fuel Gas
In other news, General Counsel Michael W. Reville sold 1,700 shares of the 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 directly owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.55% of the company's stock.
Analyst Ratings Changes
A number of research firms recently commented on NFG. JPMorgan Chase & Co. decreased their target price 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. StockNews.com downgraded National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Scotiabank upped their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. Finally, Bank of America began coverage on National Fuel Gas in a research report on Monday, October 28th. They set an "underperform" rating and a $62.00 price objective on the stock.
View Our Latest Research Report on NFG
National Fuel Gas Trading Down 1.8 %
Shares of NYSE NFG traded down $1.06 during midday trading on Friday, hitting $59.47. The company's stock had a trading volume of 351,815 shares, compared to its average volume of 391,653. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 0.85. The business's 50 day moving average is $60.50 and its two-hundred day moving average is $57.69. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $63.54. The firm has a market cap of $5.43 billion, a P/E ratio of 17.24 and a beta of 0.62.
National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate of $540.62 million. During the same period in the prior year, the business posted $1.01 earnings per share. The company's revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts expect that National Fuel Gas will post 5.08 EPS for the current year.
National Fuel Gas Announces Dividend
The firm 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 annualized dividend and a dividend yield of 3.46%. National Fuel Gas's payout ratio is 59.71%.
National Fuel Gas Company Profile
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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.
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