Allworth Financial LP Trims Position in National Fuel Gas (NYSE:NFG)

Allworth Financial LP decreased its holdings in National Fuel Gas (NYSE:NFG) by 13.6% in the third quarter, HoldingsChannel.com reports. The fund owned 1,236 shares of the oil and gas producer’s stock after selling 195 shares during the period. Allworth Financial LP’s holdings in National Fuel Gas were worth $75,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NFG. V Square Quantitative Management LLC purchased a new stake in shares of National Fuel Gas in the 3rd quarter worth about $29,000. Beacon Capital Management LLC purchased a new stake in National Fuel Gas in the first quarter worth about $27,000. GAMMA Investing LLC boosted its position in 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 valued at $42,000 after acquiring an additional 194 shares in the last quarter. Valley National Advisers Inc. purchased a new position in shares of National Fuel Gas during the 2nd quarter worth approximately $37,000. Finally, LRI Investments LLC bought a new position in shares of National Fuel Gas in the 1st quarter worth approximately $46,000. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Down 0.5 %

NYSE NFG opened at $60.53 on Friday. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $63.54. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average price is $60.45 and its 200-day moving average price is $57.58. The stock has a market cap of $5.53 billion, a P/E ratio of 17.54 and a beta of 0.62.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $540.62 million. During the same period last year, the business earned $1.01 EPS. National Fuel Gas’s revenue was down 2.6% compared to the same quarter last year. As a group, equities analysts forecast that National Fuel Gas will post 5.08 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.515 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.06 annualized dividend and a yield of 3.40%. National Fuel Gas’s dividend payout ratio (DPR) is presently 59.71%.

Insider Buying and Selling at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction on 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 owns 8,203 shares in the company, valued at $498,496.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFG shares. StockNews.com lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Scotiabank boosted their target price on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. decreased their price target on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, Bank of America began coverage on shares of National Fuel Gas in a research note on Monday. They set an “underperform” rating and a $62.00 price objective on the stock.

About National Fuel Gas

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.