JPMorgan Chase & Co. Has Lowered Expectations for National Fuel Gas (NYSE:NFG) Stock Price

National Fuel Gas (NYSE:NFG) had its price objective cut by JPMorgan Chase & Co. from $65.00 to $64.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the oil and gas producer’s stock.

A number of other research analysts have also recently commented on the stock. Scotiabank boosted 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. Bank of America started coverage on shares of National Fuel Gas in a research report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price objective for the company. Finally, StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th.

National Fuel Gas Stock Up 1.1 %

NFG opened at $61.11 on Tuesday. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $63.54. The business has a 50-day moving average of $60.75 and a two-hundred day moving average of $58.14. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 75.44 and a beta of 0.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is 254.32%.

Insider Transactions at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were 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 of the company’s stock, valued at $498,496.31. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of National Fuel Gas in the third quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of National Fuel Gas in the 3rd quarter valued at $29,000. Beacon Capital Management LLC bought a new stake in shares of National Fuel Gas during the 1st quarter worth about $27,000. Venturi Wealth Management LLC bought a new stake in shares of National Fuel Gas during the 3rd quarter worth $35,000. Finally, GAMMA Investing LLC grew 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 acquiring an additional 194 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Company 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.