National Fuel Gas (NYSE:NFG) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC raised its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 176.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,046 shares of the oil and gas producer's stock after buying an additional 13,425 shares during the quarter. Tidal Investments LLC's holdings in National Fuel Gas were worth $1,276,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Gabelli Funds LLC raised its stake in National Fuel Gas by 1.0% in the 2nd quarter. Gabelli Funds LLC now owns 2,533,482 shares of the oil and gas producer's stock worth $137,289,000 after acquiring an additional 24,800 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of National Fuel Gas by 44.2% during the third quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer's stock worth $151,416,000 after purchasing an additional 765,236 shares during the period. Bank of New York Mellon Corp boosted its position in National Fuel Gas by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,274,893 shares of the oil and gas producer's stock valued at $69,086,000 after buying an additional 3,816 shares during the last quarter. Equity Investment Corp increased its holdings in National Fuel Gas by 0.4% in the 2nd quarter. Equity Investment Corp now owns 1,246,822 shares of the oil and gas producer's stock worth $67,565,000 after buying an additional 4,636 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in National Fuel Gas by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 930,775 shares of the oil and gas producer's stock worth $50,441,000 after buying an additional 93,780 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Insider Activity

In other National Fuel Gas news, 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 completion of the sale, the general counsel now directly owns 8,203 shares in the company, valued at approximately $498,496.31. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin I. Loweth sold 19,532 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $62.27, for a total value of $1,216,257.64. Following the completion of the transaction, the insider now owns 41,841 shares in the company, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,232 shares of company stock worth $1,945,367 in the last quarter. Corporate insiders own 1.55% of the company's stock.

Analyst Upgrades and Downgrades

NFG has been the topic of a number of research reports. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Monday. Bank of America started coverage on National Fuel Gas in a report on Monday, October 28th. They issued an "underperform" rating and a $62.00 price objective for the company. JPMorgan Chase & Co. reduced 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. Finally, Argus upgraded National Fuel Gas to a "strong-buy" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $69.00.

National Fuel Gas Price Performance

Shares of NFG stock traded up $0.23 during mid-day trading on Thursday, hitting $59.33. 635,698 shares of the stock were exchanged, compared to its average volume of 517,945. 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 52-week low of $45.32 and a 52-week high of $65.06. The firm has a fifty day moving average of $61.60 and a 200 day moving average of $59.20. The company has a market cap of $5.39 billion, a PE ratio of 73.25 and a beta of 0.63.

National Fuel Gas Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Tuesday, December 31st. National Fuel Gas's payout ratio is 254.32%.

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.