3,650 Shares in National Fuel Gas (NYSE:NFG) Purchased by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC purchased a new stake in shares of National Fuel Gas (NYSE:NFG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,650 shares of the oil and gas producer’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hancock Whitney Corp grew its stake in shares of National Fuel Gas by 1.4% during the third quarter. Hancock Whitney Corp now owns 21,363 shares of the oil and gas producer’s stock valued at $1,295,000 after buying an additional 303 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in National Fuel Gas by 72.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 13,961 shares of the oil and gas producer’s stock valued at $846,000 after acquiring an additional 5,846 shares during the period. Daiwa Securities Group Inc. boosted its holdings in National Fuel Gas by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,698 shares of the oil and gas producer’s stock valued at $467,000 after acquiring an additional 859 shares during the period. Cerity Partners LLC grew its position in National Fuel Gas by 11.4% in the 3rd quarter. Cerity Partners LLC now owns 46,092 shares of the oil and gas producer’s stock valued at $2,794,000 after acquiring an additional 4,715 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in National Fuel Gas by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 920,918 shares of the oil and gas producer’s stock worth $55,817,000 after purchasing an additional 7,830 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the company’s 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 sale, the general counsel now owns 8,203 shares in the company, valued at $498,496.31. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFG. JPMorgan Chase & Co. cut 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 report on Tuesday, November 12th. Scotiabank upped their target price on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Bank of America began coverage on National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.00.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $63.38 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25. The business has a fifty day moving average of $61.08 and a 200 day moving average of $58.53. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 78.25 and a beta of 0.62. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $65.06.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s dividend payout ratio is currently 254.32%.

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.