UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $12.54 Million Stock Holdings in National Fuel Gas (NYSE:NFG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of National Fuel Gas (NYSE:NFG - Free Report) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,907 shares of the oil and gas producer's stock after selling 15,035 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of National Fuel Gas worth $12,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in National Fuel Gas during the third quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of National Fuel Gas during the 3rd quarter worth approximately $29,000. Venturi Wealth Management LLC bought a new stake in National Fuel Gas in the 3rd quarter valued at $35,000. Valley National Advisers Inc. acquired a new stake in National Fuel Gas during the 2nd quarter valued at $37,000. Finally, GAMMA Investing LLC boosted its position in National Fuel Gas by 38.6% during the third quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer's stock worth $42,000 after purchasing an additional 194 shares during the period. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NFG. Scotiabank raised their price objective on shares of 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. Argus raised National Fuel Gas to a "strong-buy" rating in a report on Tuesday, November 19th. Bank of America initiated coverage on National Fuel Gas in a report on Monday, October 28th. They issued an "underperform" rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of 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, StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Saturday, November 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.00.

Insider Transactions at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the business's 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 owns 8,203 shares of the company's stock, 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 dated 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 sale, the insider now directly owns 41,841 shares in the company, valued at $2,605,439.07. This trade represents a 31.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

National Fuel Gas Price Performance

Shares of NFG traded down $1.16 during trading hours on Friday, hitting $61.02. 317,403 shares of the company were exchanged, compared to its average volume of 486,360. 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 fifty-two week low of $45.32 and a fifty-two week high of $65.06. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 75.33 and a beta of 0.63. The firm's fifty day moving average is $61.51 and its 200 day moving average is $58.90.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.38%. National Fuel Gas's dividend payout ratio is currently 254.32%.

About National Fuel Gas

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.