National Fuel Gas (NYSE:NFG) Stock Holdings Lessened by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. reduced its holdings in National Fuel Gas (NYSE:NFG) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,218 shares of the oil and gas producer’s stock after selling 964 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in National Fuel Gas were worth $2,319,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Wealthspire Advisors LLC lifted its position in shares of National Fuel Gas by 2.8% in the 4th quarter. Wealthspire Advisors LLC now owns 11,826 shares of the oil and gas producer’s stock worth $718,000 after buying an additional 326 shares during the last quarter. Navellier & Associates Inc. lifted its position in shares of National Fuel Gas by 36.5% in the 4th quarter. Navellier & Associates Inc. now owns 13,240 shares of the oil and gas producer’s stock worth $803,000 after buying an additional 3,539 shares during the last quarter. ING Groep NV bought a new position in shares of National Fuel Gas in the 4th quarter worth about $1,086,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of National Fuel Gas in the 4th quarter worth about $367,000. Finally, Cardinal Capital Management lifted its position in shares of National Fuel Gas by 0.9% in the 4th quarter. Cardinal Capital Management now owns 93,429 shares of the oil and gas producer’s stock worth $5,717,000 after buying an additional 799 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NFG. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Argus upgraded shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.00.

National Fuel Gas Trading Up 1.0 %

Shares of NYSE:NFG opened at $74.07 on Wednesday. The company has a market cap of $6.71 billion, a PE ratio of -529.00 and a beta of 0.64. The company’s 50-day moving average price is $67.00 and its 200 day moving average price is $62.96. National Fuel Gas has a fifty-two week low of $48.06 and a fifty-two week high of $74.21. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same quarter in the previous year, the business posted $1.46 EPS. Sell-side analysts anticipate that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.06 annualized dividend and a yield of 2.78%. National Fuel Gas’s payout ratio is -1,471.43%.

Insider Buying and Selling at National Fuel Gas

In other National Fuel Gas news, insider Justin I. Loweth sold 19,532 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the insider now directly owns 81,519 shares in the company, valued at $5,101,459.02. This represents a 10.93 % decrease in their position. The disclosure for this sale can be found here. 1.41% of the stock is owned by corporate insiders.

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.