GAMMA Investing LLC Has $42,000 Holdings in National Fuel Gas (NYSE:NFG)

GAMMA Investing LLC boosted its position in shares of National Fuel Gas (NYSE:NFG) by 38.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 696 shares of the oil and gas producer’s stock after buying an additional 194 shares during the period. GAMMA Investing LLC’s holdings in National Fuel Gas were worth $42,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cullen Investment Group LTD. grew its position 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 valued at $1,820,000 after buying an additional 202 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in National Fuel Gas by 1.0% during the first quarter. HBK Sorce Advisory LLC now owns 21,743 shares of the oil and gas producer’s stock valued at $1,168,000 after acquiring an additional 225 shares during the last quarter. Financial Advocates Investment Management raised its position in shares of National Fuel Gas by 6.2% in the 2nd quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock worth $227,000 after acquiring an additional 243 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of National Fuel Gas by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,460 shares of the oil and gas producer’s stock valued at $2,873,000 after purchasing an additional 244 shares during the period. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. grew its stake in National Fuel Gas by 0.5% during the first quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 61,486 shares of the oil and gas producer’s stock worth $3,303,000 after purchasing an additional 277 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

Several equities analysts have issued reports on NFG shares. Scotiabank boosted their price target on 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. JPMorgan Chase & Co. dropped 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 research report on Thursday, September 12th. Finally, StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Friday, October 11th.

National Fuel Gas Stock Up 0.4 %

Shares of NYSE:NFG opened at $62.41 on Friday. 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 52-week low of $45.32 and a 52-week high of $62.57. The business’s 50 day simple moving average is $59.88 and its two-hundred day simple moving average is $57.00. The firm has a market cap of $5.74 billion, a P/E ratio of 12.38 and a beta of 0.62.

National Fuel Gas (NYSE:NFG) last issued its 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 return on equity of 14.80% and a net margin of 16.42%. The company had revenue of $417.40 million for the quarter, compared to analyst estimates of $540.62 million. During the same period in the prior year, the firm earned $1.01 earnings per share. National Fuel Gas’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, research analysts forecast that National Fuel Gas will post 5.05 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is 40.87%.

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.