National Fuel Gas (NYSE:NFG) Shares Sold by Managed Asset Portfolios LLC

Managed Asset Portfolios LLC lowered its position in National Fuel Gas (NYSE:NFG) by 0.3% during the third quarter, HoldingsChannel reports. The firm owned 425,056 shares of the oil and gas producer’s stock after selling 1,291 shares during the period. National Fuel Gas comprises 3.6% of Managed Asset Portfolios LLC’s holdings, making the stock its 11th biggest position. Managed Asset Portfolios LLC’s holdings in National Fuel Gas were worth $25,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFG. MQS Management LLC boosted its holdings in shares of National Fuel Gas by 2.0% during 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 during the last quarter. GAMMA Investing LLC lifted its position in National Fuel Gas by 38.6% during 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. boosted its stake in 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 worth $1,820,000 after buying an additional 202 shares during the last quarter. Financial Advocates Investment Management grew its holdings in National Fuel Gas by 6.2% in the 2nd quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock valued at $227,000 after buying an additional 243 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of 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. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Price Performance

National Fuel Gas stock opened at $64.23 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $64.30. The firm has a market cap of $5.87 billion, a PE ratio of 79.30 and a beta of 0.62. The company’s 50 day moving average is $61.02 and its two-hundred day moving average is $58.46.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s payout ratio is currently 254.32%.

Insider Activity 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 transaction of $103,309.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on NFG shares. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Friday. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. cut their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Scotiabank upped their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America started coverage on shares of National Fuel Gas in a research note on Monday, October 28th. They set an “underperform” rating and a $62.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.00.

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.