National Fuel Gas (NYSE:NFG) Stake Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in shares of National Fuel Gas (NYSE:NFG) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,814 shares of the oil and gas producer’s stock after purchasing an additional 360 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in National Fuel Gas were worth $837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MQS Management LLC boosted its holdings in shares of National Fuel Gas by 2.0% in the 3rd quarter. MQS Management LLC now owns 8,631 shares of the oil and gas producer’s stock valued at $523,000 after buying an additional 166 shares during the period. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 194 shares during the period. Cullen Investment Group LTD. lifted its holdings in shares of National Fuel Gas by 0.7% in the 3rd quarter. Cullen Investment Group LTD. now owns 30,021 shares of the oil and gas producer’s stock worth $1,820,000 after purchasing an additional 202 shares during the last quarter. Hancock Whitney Corp boosted its position in National Fuel Gas by 1.4% during the 3rd quarter. Hancock Whitney Corp now owns 21,363 shares of the oil and gas producer’s stock valued at $1,295,000 after purchasing an additional 303 shares during the period. Finally, Inspire Investing LLC grew its stake in National Fuel Gas by 4.3% during the 3rd quarter. Inspire Investing LLC now owns 7,692 shares of the oil and gas producer’s stock worth $466,000 after buying an additional 318 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Justin I. Loweth sold 19,532 shares of National Fuel Gas stock in a transaction 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 directly owns 41,841 shares in the company, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donna L. Decarolis sold 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $62.58, for a total value of $625,800.00. Following the completion of the sale, the insider now directly owns 81,519 shares in the company, valued at $5,101,459.02. This represents a 10.93 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

National Fuel Gas Stock Performance

Shares of NFG opened at $66.30 on Thursday. The firm has a market capitalization of $6.02 billion, a PE ratio of 81.85 and a beta of 0.64. 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 firm has a 50-day moving average price of $61.61 and a 200 day moving average price of $60.03. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $66.55.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Tuesday, December 31st. National Fuel Gas’s dividend payout ratio (DPR) is presently 254.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NFG shares. JPMorgan Chase & Co. cut their target price on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Bank of America initiated coverage on shares of National Fuel Gas in a research report on Monday, October 28th. They issued an “underperform” rating and a $62.00 target price for the company. Argus raised National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, National Fuel Gas presently has an average rating of “Hold” and a consensus target price of $69.00.

National Fuel Gas 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.