Justin I. Loweth Sells 19,532 Shares of National Fuel Gas (NYSE:NFG) Stock

National Fuel Gas (NYSE:NFG) insider Justin I. Loweth sold 19,532 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $62.27, for a total value of $1,216,257.64. Following the sale, the insider now owns 41,841 shares of the company’s stock, 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 through this link.

National Fuel Gas Trading Down 1.1 %

NFG opened at $62.03 on Thursday. The business has a 50 day simple moving average of $61.40 and a two-hundred day simple moving average of $58.81. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 76.58 and a beta of 0.63. 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 has a one year low of $45.32 and a one year high of $65.06.

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 dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s payout ratio is 254.32%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NFG. Capital Performance Advisors LLP bought a new position in shares of National Fuel Gas in the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in shares of National Fuel Gas in the 3rd quarter worth approximately $29,000. Venturi Wealth Management LLC bought a new position in shares of National Fuel Gas in the 3rd quarter worth approximately $35,000. Valley National Advisers Inc. bought a new position in shares of National Fuel Gas in the 2nd quarter worth approximately $37,000. Finally, GAMMA Investing LLC raised its position in shares of National Fuel Gas by 38.6% in the 3rd 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 in the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Scotiabank increased their target price 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. Bank of America assumed coverage on National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 target price for the company. StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday, November 30th. JPMorgan Chase & Co. dropped their target price on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, Argus upgraded National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, National Fuel Gas currently 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.