Janney Montgomery Scott LLC Lowers Stake in National Fuel Gas (NYSE:NFG)

Janney Montgomery Scott LLC cut its holdings in shares of National Fuel Gas (NYSE:NFG) by 1.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,590 shares of the oil and gas producer’s stock after selling 346 shares during the period. Janney Montgomery Scott LLC’s holdings in National Fuel Gas were worth $1,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Beacon Capital Management LLC purchased a new position in National Fuel Gas during the first quarter valued at $27,000. V Square Quantitative Management LLC purchased a new position in National Fuel Gas in the 3rd quarter valued at about $29,000. Valley National Advisers Inc. acquired a new stake in National Fuel Gas in the 2nd quarter worth about $37,000. GAMMA Investing LLC increased its stake in National Fuel Gas by 38.6% during the 3rd 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. Finally, LRI Investments LLC acquired a new position in shares of National Fuel Gas during the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total transaction of $103,309.00. Following the completion of the transaction, the general counsel now directly owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America began coverage on National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target on the stock. StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. decreased 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 note on Tuesday. Finally, Scotiabank upped their price objective on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th.

National Fuel Gas Stock Down 0.8 %

Shares of NYSE:NFG opened at $60.42 on Friday. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $63.54. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $60.70 and a two-hundred day moving average of $58.09. The stock has a market cap of $5.52 billion, a P/E ratio of 74.59 and a beta of 0.62.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is presently 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.