Algert Global LLC Has $1.57 Million Position in National Fuel Gas (NYSE:NFG)

Algert Global LLC reduced its stake in shares of National Fuel Gas (NYSE:NFG) by 67.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,964 shares of the oil and gas producer’s stock after selling 53,620 shares during the quarter. Algert Global LLC’s holdings in National Fuel Gas were worth $1,574,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. MQS Management LLC grew its position in shares of National Fuel Gas by 2.0% in the 3rd quarter. MQS Management LLC now owns 8,631 shares of the oil and gas producer’s stock valued at $523,000 after purchasing an additional 166 shares during the period. GAMMA Investing LLC grew its position in shares of National Fuel Gas by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 194 shares during the period. Cullen Investment Group LTD. grew its position in shares of National Fuel Gas by 0.7% in the 3rd quarter. Cullen Investment Group LTD. now owns 30,021 shares of the oil and gas producer’s stock valued at $1,820,000 after purchasing an additional 202 shares during the period. Financial Advocates Investment Management grew its position in shares of National Fuel Gas by 6.2% in the 2nd quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock valued at $227,000 after purchasing an additional 243 shares during the period. Finally, Inspire Investing LLC grew its position in shares of National Fuel Gas by 4.3% in the 3rd quarter. Inspire Investing LLC now owns 7,692 shares of the oil and gas producer’s stock valued at $466,000 after purchasing an additional 318 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the company’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 sale, the general counsel now owns 8,203 shares in the company, valued at $498,496.31. This represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Scotiabank boosted their target price on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Argus upgraded National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. Bank of America started coverage on National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on 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. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, National Fuel Gas presently has an average rating of “Hold” and an average target price of $69.00.

National Fuel Gas Trading Up 0.1 %

Shares of National Fuel Gas stock opened at $63.46 on Friday. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $65.06. The stock has a market cap of $5.76 billion, a P/E ratio of 78.35 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’s 50 day moving average is $61.20 and its 200-day moving average is $58.61.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 3.25%. The ex-dividend date was Monday, September 30th. 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.