Sequoia Financial Advisors LLC Invests $264,000 in National Fuel Gas (NYSE:NFG)

Sequoia Financial Advisors LLC purchased a new stake in National Fuel Gas (NYSE:NFG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,363 shares of the oil and gas producer’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James & Associates raised its position in National Fuel Gas by 37.5% in the 3rd quarter. Raymond James & Associates now owns 97,691 shares of the oil and gas producer’s stock valued at $5,921,000 after purchasing an additional 26,655 shares during the last quarter. Blue Trust Inc. raised its position in National Fuel Gas by 257.7% in the 3rd quarter. Blue Trust Inc. now owns 4,153 shares of the oil and gas producer’s stock valued at $252,000 after purchasing an additional 2,992 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in National Fuel Gas in the 3rd quarter valued at $29,000. Cardinal Capital Management raised its position in National Fuel Gas by 1.4% in the 3rd quarter. Cardinal Capital Management now owns 92,630 shares of the oil and gas producer’s stock valued at $5,661,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its position in National Fuel Gas by 2.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 63,227 shares of the oil and gas producer’s stock valued at $3,832,000 after purchasing an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on NFG. Scotiabank upped their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. dropped their price objective on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Bank of America assumed coverage on shares of National Fuel Gas in a research note on Monday. They issued an “underperform” rating and a $62.00 price objective on the stock. Finally, StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th.

Insider Transactions at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total transaction of $103,309.00. Following the transaction, the general counsel now directly owns 8,203 shares of the company’s stock, valued at $498,496.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.55% of the company’s stock.

National Fuel Gas Stock Performance

Shares of NFG opened at $61.29 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $63.54. The stock has a market capitalization of $5.60 billion, a P/E ratio of 17.76 and a beta of 0.62. The company’s fifty day moving average is $60.36 and its two-hundred day moving average is $57.50.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. The business had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $540.62 million. During the same period in the prior year, the company posted $1.01 EPS. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, sell-side analysts predict that National Fuel Gas will post 5.08 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.36%. National Fuel Gas’s dividend payout ratio (DPR) is presently 59.71%.

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.