Atria Investments Inc Buys Shares of 3,606 National Fuel Gas (NYSE:NFG)

Atria Investments Inc bought a new position in shares of National Fuel Gas (NYSE:NFG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,606 shares of the oil and gas producer’s stock, valued at approximately $219,000.

Several other institutional investors also recently modified their holdings of the stock. Beacon Capital Management LLC bought a new position in National Fuel Gas during the 1st quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of National Fuel Gas during the third quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of National Fuel Gas in the 3rd quarter valued at $29,000. Valley National Advisers Inc. bought a new stake in shares of National Fuel Gas in the 2nd quarter valued at $37,000. Finally, GAMMA Investing LLC raised its stake 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 worth $42,000 after buying an additional 194 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the firm’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 completion of the transaction, the general counsel now owns 8,203 shares in the company, valued at $498,496.31. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NFG shares. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday. Scotiabank raised 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 report on Tuesday, August 20th. 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 research note on Tuesday, November 12th. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, Bank of America started coverage on shares of 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 research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, National Fuel Gas has an average rating of “Hold” and an average price target of $69.00.

National Fuel Gas Stock Up 1.1 %

Shares of National Fuel Gas stock opened at $64.23 on Friday. The firm has a market cap of $5.87 billion, a PE ratio of 79.30 and a beta of 0.62. The business’s 50 day simple moving average is $61.02 and its 200 day simple moving average is $58.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.32. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $64.30.

National Fuel Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.21%. National Fuel Gas’s dividend payout ratio (DPR) is presently 254.32%.

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.