Allworth Financial LP Purchases 578 Shares of National Fuel Gas (NYSE:NFG)

Allworth Financial LP grew its position in shares of National Fuel Gas (NYSE:NFG) by 46.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,814 shares of the oil and gas producer’s stock after purchasing an additional 578 shares during the quarter. Allworth Financial LP’s holdings in National Fuel Gas were worth $110,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NFG. Raymond James & Associates increased its position in shares of National Fuel Gas by 37.5% during 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. Sequoia Financial Advisors LLC bought a new position in shares of National Fuel Gas during the 3rd quarter valued at about $264,000. Ballentine Partners LLC increased its position in shares of National Fuel Gas by 17.9% during the 3rd quarter. Ballentine Partners LLC now owns 4,849 shares of the oil and gas producer’s stock valued at $294,000 after purchasing an additional 737 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of National Fuel Gas by 0.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 157,354 shares of the oil and gas producer’s stock valued at $9,536,000 after purchasing an additional 720 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its position in National Fuel Gas by 0.6% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 158,961 shares of the oil and gas producer’s stock worth $9,635,000 after acquiring an additional 875 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on NFG shares. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Argus upgraded National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. Bank of America started coverage on National Fuel Gas in a research report on Monday, October 28th. They set an “underperform” rating and a $62.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on 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. One investment analyst has rated the stock with a sell rating, two have 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 company has an average rating of “Hold” and an average target price of $69.00.

National Fuel Gas Trading Down 0.2 %

NYSE NFG opened at $72.58 on Monday. National Fuel Gas has a fifty-two week low of $48.06 and a fifty-two week high of $73.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39. The stock has a 50 day simple moving average of $66.48 and a two-hundred day simple moving average of $62.76. The stock has a market cap of $6.57 billion, a P/E ratio of -518.41 and a beta of 0.64.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same period in the previous year, the company posted $1.46 earnings per share. On average, analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Tuesday, December 31st. National Fuel Gas’s payout ratio is presently -1,471.32%.

Insider Activity

In other news, insider Justin I. Loweth sold 19,532 shares of the firm’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 value of $1,216,257.64. Following the completion of the transaction, the insider now owns 41,841 shares in the company, valued at $2,605,439.07. This trade represents a 31.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donna L. Decarolis sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $62.58, for a total value of $625,800.00. Following the completion of the transaction, the insider now owns 81,519 shares of the company’s stock, valued at approximately $5,101,459.02. The trade was a 10.93 % decrease in their position. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by company insiders.

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.