Inspire Investing LLC lessened its holdings in National Fuel Gas (NYSE:NFG – Free Report) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,374 shares of the oil and gas producer’s stock after selling 280 shares during the period. Inspire Investing LLC’s holdings in National Fuel Gas were worth $400,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of NFG. HBK Sorce Advisory LLC grew its holdings in shares of National Fuel Gas by 1.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 21,743 shares of the oil and gas producer’s stock valued at $1,168,000 after purchasing an additional 225 shares during the last quarter. Financial Advocates Investment Management grew its stake in shares of National Fuel Gas by 6.2% during the second quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock worth $227,000 after buying an additional 243 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of National Fuel Gas by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 53,460 shares of the oil and gas producer’s stock worth $2,873,000 after buying an additional 244 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its stake in shares of National Fuel Gas by 0.5% in the 1st quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 61,486 shares of the oil and gas producer’s stock valued at $3,303,000 after acquiring an additional 277 shares during the last quarter. Finally, WNY Asset Management LLC lifted its stake in shares of National Fuel Gas by 0.9% in the 1st quarter. WNY Asset Management LLC now owns 33,421 shares of the oil and gas producer’s stock valued at $1,795,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
National Fuel Gas Stock Down 0.1 %
Shares of NFG opened at $60.30 on Friday. The stock’s 50-day moving average price is $58.92 and its two-hundred day moving average price is $55.85. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $61.42. The company has a market capitalization of $5.54 billion, a PE ratio of 11.96 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 0.85.
National Fuel Gas Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Monday, September 30th. National Fuel Gas’s dividend payout ratio is presently 40.87%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on NFG shares. Scotiabank upped their target price on National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th.
Get Our Latest Research Report on National Fuel Gas
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.
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