XTX Topco Ltd bought a new position in National Fuel Gas (NYSE:NFG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,634 shares of the oil and gas producer's stock, valued at approximately $1,190,000.
Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of National Fuel Gas in the 3rd quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of National Fuel Gas in the 3rd quarter worth $29,000. Venturi Wealth Management LLC bought a new position in National Fuel Gas during the third quarter valued at about $35,000. Valley National Advisers Inc. bought a new position in National Fuel Gas during the second quarter valued at about $37,000. Finally, GAMMA Investing LLC grew 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 valued at $42,000 after buying an additional 194 shares during the period. Institutional investors own 73.96% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on NFG. StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Saturday, November 30th. JPMorgan Chase & Co. reduced their price target 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. 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 target for the company. Scotiabank increased their target price 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. Finally, Argus upgraded shares of National Fuel Gas to a "strong-buy" rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $69.00.
View Our Latest Report on NFG
Insider Transactions at National Fuel Gas
In related news, insider Donna L. Decarolis sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $62.58, for a total value of $625,800.00. Following the sale, the insider now directly owns 81,519 shares of the company's stock, valued at $5,101,459.02. This trade represents a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Michael W. Reville sold 1,700 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The shares were 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 $498,496.31. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,232 shares of company stock valued at $1,945,367. 1.55% of the stock is currently owned by corporate insiders.
National Fuel Gas Price Performance
Shares of National Fuel Gas stock traded up $0.35 on Tuesday, reaching $61.48. The stock had a trading volume of 353,549 shares, compared to its average volume of 516,329. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $65.06. The company has a market cap of $5.58 billion, a P/E ratio of 75.62 and a beta of 0.63. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. The business's 50 day moving average is $61.52 and its two-hundred day moving average is $58.96.
National Fuel Gas Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, December 31st. National Fuel Gas's payout ratio is 254.32%.
National Fuel Gas Profile
(
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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