Fmr LLC Has $8.64 Million Holdings in National Fuel Gas (NYSE:NFG)

Fmr LLC cut its stake in National Fuel Gas (NYSE:NFG) by 34.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,500 shares of the oil and gas producer’s stock after selling 75,546 shares during the period. Fmr LLC’s holdings in National Fuel Gas were worth $8,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NFG. Victory Capital Management Inc. increased its position in National Fuel Gas by 44.2% in the third quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock worth $151,416,000 after purchasing an additional 765,236 shares during the period. AQR Capital Management LLC raised its stake in shares of National Fuel Gas by 159.5% during the second quarter. AQR Capital Management LLC now owns 880,434 shares of the oil and gas producer’s stock worth $47,711,000 after buying an additional 541,176 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in National Fuel Gas by 194.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 378,588 shares of the oil and gas producer’s stock valued at $20,516,000 after buying an additional 249,967 shares during the period. Mackenzie Financial Corp boosted its stake in National Fuel Gas by 262.5% in the second quarter. Mackenzie Financial Corp now owns 318,078 shares of the oil and gas producer’s stock valued at $17,237,000 after acquiring an additional 230,332 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in National Fuel Gas during the 2nd quarter worth $10,741,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other National Fuel Gas news, insider Justin I. Loweth sold 19,532 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 $2,605,439.07. The trade was a 31.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Michael W. Reville sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the sale, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,232 shares of company stock worth $1,945,367 over the last ninety days. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NFG. 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. Bank of America started coverage on shares of National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective for the company. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reduced their price target 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. Finally, StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, November 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.00.

National Fuel Gas Stock Up 0.2 %

NFG stock opened at $61.62 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25. The stock has a market capitalization of $5.60 billion, a P/E ratio of 76.07 and a beta of 0.63. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $65.06. The business has a 50-day moving average of $61.58 and a 200-day moving average of $59.02.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.515 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.06 annualized dividend and a dividend yield of 3.34%. National Fuel Gas’s dividend payout ratio is currently 254.32%.

About National Fuel Gas

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.