581 Shares in National Fuel Gas (NYSE:NFG) Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC acquired a new stake in National Fuel Gas (NYSE:NFG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 581 shares of the oil and gas producer’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Atria Investments Inc bought a new position in National Fuel Gas during the third quarter worth about $219,000. CWA Asset Management Group LLC acquired a new stake in shares of National Fuel Gas in the third quarter valued at approximately $406,000. Capital Performance Advisors LLP acquired a new stake in shares of National Fuel Gas in the third quarter valued at approximately $28,000. Summit Global Investments boosted its stake in shares of National Fuel Gas by 76.3% during the 3rd quarter. Summit Global Investments now owns 47,096 shares of the oil and gas producer’s stock worth $2,854,000 after acquiring an additional 20,382 shares during the period. Finally, Cozad Asset Management Inc. increased its holdings in shares of National Fuel Gas by 17.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 31,233 shares of the oil and gas producer’s stock worth $1,893,000 after acquiring an additional 4,544 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NFG shares. StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. cut 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 note on Tuesday. Scotiabank upped their price target on shares of 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. Finally, Bank of America initiated coverage on shares of National Fuel Gas in a report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target on the stock.

Insiders Place Their Bets

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the completion of the transaction, the general counsel now directly owns 8,203 shares of the company’s stock, valued at $498,496.31. The trade was a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.55% of the company’s stock.

National Fuel Gas Stock Up 1.1 %

NFG opened at $61.11 on Friday. The stock has a fifty day moving average of $60.75 and a 200-day moving average of $58.14. The company has a market capitalization of $5.58 billion, a P/E ratio of 75.44 and a beta of 0.62. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $63.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.32.

National Fuel Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend 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.