Thompson Siegel & Walmsley LLC Has $63.77 Million Stake in National Fuel Gas (NYSE:NFG)

Thompson Siegel & Walmsley LLC lowered its stake in National Fuel Gas (NYSE:NFG - Free Report) by 9.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,052,128 shares of the oil and gas producer's stock after selling 103,762 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 1.15% of National Fuel Gas worth $63,769,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in National Fuel Gas by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer's stock valued at $715,178,000 after buying an additional 104,587 shares during the last quarter. Welch Group LLC acquired a new stake in shares of National Fuel Gas in the second quarter valued at about $526,000. Energy Income Partners LLC increased its stake in shares of National Fuel Gas by 2.4% in the first quarter. Energy Income Partners LLC now owns 2,595,437 shares of the oil and gas producer's stock worth $139,427,000 after purchasing an additional 62,009 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of National Fuel Gas during the 2nd quarter worth about $718,000. Finally, Vident Advisory LLC lifted its position in shares of National Fuel Gas by 18.1% during the 1st quarter. Vident Advisory LLC now owns 62,860 shares of the oil and gas producer's stock worth $3,377,000 after purchasing an additional 9,615 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Stock Performance

NFG traded up $1.84 during trading on Thursday, reaching $63.51. 695,813 shares of the company's stock were exchanged, compared to its average volume of 521,910. The company has a market capitalization of $5.80 billion, a P/E ratio of 76.14 and a beta of 0.62. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $60.85 and a 200 day moving average price of $58.34. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $63.69.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas's dividend payout ratio is 254.32%.

Insider Buying and Selling at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction 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 completion of the transaction, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.55% of the company's stock.

Wall Street Analyst Weigh In

NFG has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of 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. StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Bank of America initiated coverage on shares of National Fuel Gas in a research report on Monday, October 28th. They set an "underperform" rating and a $62.00 price objective for the company. Finally, Scotiabank lifted their target price 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.

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.