Advisors Asset Management Inc. Boosts Stock Position in National Fuel Gas (NYSE:NFG)

Advisors Asset Management Inc. grew its stake in National Fuel Gas (NYSE:NFG) by 53.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,451 shares of the oil and gas producer’s stock after purchasing an additional 7,510 shares during the quarter. Advisors Asset Management Inc.’s holdings in National Fuel Gas were worth $1,300,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NFG. MQS Management LLC boosted its stake in 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 worth $523,000 after purchasing an additional 166 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of National Fuel Gas by 38.6% in the third quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 194 shares in the last quarter. Cullen Investment Group LTD. grew its holdings in shares of National Fuel Gas by 0.7% during the third quarter. Cullen Investment Group LTD. now owns 30,021 shares of the oil and gas producer’s stock valued at $1,820,000 after buying an additional 202 shares during the last quarter. Financial Advocates Investment Management increased its position in shares of National Fuel Gas by 6.2% during the second quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock valued at $227,000 after acquiring an additional 243 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in National Fuel Gas by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,460 shares of the oil and gas producer’s stock worth $2,873,000 after acquiring an additional 244 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

NFG has been the topic of several recent analyst reports. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Friday. 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. dropped their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, Scotiabank raised 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 report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, National Fuel Gas has an average rating of “Hold” and a consensus target price of $69.00.

National Fuel Gas Trading Down 0.4 %

National Fuel Gas stock opened at $63.99 on Tuesday. The business has a 50-day simple moving average of $61.08 and a two-hundred day simple moving average of $58.53. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $65.06. 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 company has a market cap of $5.85 billion, a P/E ratio of 79.00 and a beta of 0.62.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 annualized dividend and a yield of 3.22%. National Fuel Gas’s payout ratio is presently 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.