Kelly Financial Services LLC Makes New $203,000 Investment in National Fuel Gas (NYSE:NFG)

Kelly Financial Services LLC bought a new position in shares of National Fuel Gas (NYSE:NFG) during the fourth quarter, Holdings Channel.com reports. The firm bought 3,350 shares of the oil and gas producer’s stock, valued at approximately $203,000.

Several other institutional investors have also recently made changes to their positions in NFG. Hennessy Advisors Inc. grew its stake in National Fuel Gas by 1.8% in the fourth quarter. Hennessy Advisors Inc. now owns 91,124 shares of the oil and gas producer’s stock worth $5,529,000 after purchasing an additional 1,600 shares during the period. Oak Thistle LLC bought a new stake in shares of National Fuel Gas during the 4th quarter valued at $220,000. R.H. Investment Group LLC purchased a new stake in shares of National Fuel Gas in the 4th quarter worth about $203,000. Kwmg LLC increased its stake in shares of National Fuel Gas by 0.7% in the 4th quarter. Kwmg LLC now owns 104,467 shares of the oil and gas producer’s stock worth $6,339,000 after acquiring an additional 688 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in National Fuel Gas by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,814 shares of the oil and gas producer’s stock valued at $837,000 after acquiring an additional 360 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

NFG has been the topic of a number of recent research reports. Argus upgraded shares of National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Bank of America started coverage on National Fuel Gas in a research note on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective for the company. 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 assigned 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.com, National Fuel Gas has a consensus rating of “Hold” and an average target price of $69.00.

Insider Transactions at National Fuel Gas

In related news, insider Justin I. Loweth sold 19,532 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $62.27, for a total transaction of $1,216,257.64. Following the transaction, the insider now owns 41,841 shares in the company, valued at $2,605,439.07. This represents a 31.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donna L. Decarolis sold 10,000 shares of National Fuel Gas stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $62.58, for a total transaction of $625,800.00. Following the completion of the sale, the insider now directly owns 81,519 shares of the company’s stock, valued at approximately $5,101,459.02. This trade represents a 10.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

National Fuel Gas Trading Up 0.7 %

NYSE:NFG opened at $68.33 on Friday. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 84.36 and a beta of 0.64. 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’s 50 day moving average price is $62.05 and its 200-day moving average price is $60.26. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $68.57.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Tuesday, December 31st. National Fuel Gas’s payout ratio is 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.