National Fuel Gas (NYSE:NFG) Given New $64.00 Price Target at JPMorgan Chase & Co.

National Fuel Gas (NYSE:NFG) had its price target reduced by JPMorgan Chase & Co. from $65.00 to $64.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the oil and gas producer’s stock.

Other research analysts have also recently issued research reports about the stock. Scotiabank boosted 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. Bank of America initiated coverage on shares of National Fuel Gas in a report on Monday, October 28th. They issued an “underperform” rating and a $62.00 target price on the stock. Finally, StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th.

National Fuel Gas Stock Up 1.1 %

Shares of NYSE NFG opened at $61.11 on Tuesday. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $60.75 and a 200 day moving average of $58.14. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $63.54. The stock has a market cap of $5.58 billion, a PE ratio of 75.44 and a beta of 0.62.

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.515 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.06 annualized dividend and a yield of 3.37%. National Fuel Gas’s dividend payout ratio (DPR) is presently 254.32%.

Insider Buying and Selling at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the completion of the transaction, the general counsel now directly owns 8,203 shares of the company’s stock, valued at $498,496.31. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of National Fuel Gas by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer’s stock valued at $715,178,000 after purchasing an additional 104,587 shares during the last quarter. Energy Income Partners LLC lifted its stake in shares of National Fuel Gas by 2.4% in the first quarter. Energy Income Partners LLC now owns 2,595,437 shares of the oil and gas producer’s stock valued at $139,427,000 after purchasing an additional 62,009 shares during the period. Gabelli Funds LLC grew its position in National Fuel Gas by 1.0% during the second quarter. Gabelli Funds LLC now owns 2,533,482 shares of the oil and gas producer’s stock worth $137,289,000 after buying an additional 24,800 shares during the period. Victory Capital Management Inc. grew its holdings in shares of National Fuel Gas by 44.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock worth $151,416,000 after acquiring an additional 765,236 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in National Fuel Gas by 7.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,320,850 shares of the oil and gas producer’s stock valued at $70,956,000 after purchasing an additional 96,410 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.