Swiss National Bank Sells 1,700 Shares of National Fuel Gas (NYSE:NFG)

Swiss National Bank decreased its position in National Fuel Gas (NYSE:NFG) by 1.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,500 shares of the oil and gas producer’s stock after selling 1,700 shares during the quarter. Swiss National Bank owned approximately 0.19% of National Fuel Gas worth $10,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NFG. Beacon Capital Management LLC bought a new position in shares of National Fuel Gas in the 1st quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in National Fuel Gas during the third quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new position in National Fuel Gas in the third quarter worth approximately $29,000. Venturi Wealth Management LLC purchased a new position in shares of National Fuel Gas during the 3rd quarter worth $35,000. Finally, Valley National Advisers Inc. bought a new stake in shares of National Fuel Gas during the 2nd quarter valued at $37,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFG has been the topic of several analyst reports. Argus upgraded National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. lowered 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 price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Bank of America assumed coverage on shares of National Fuel Gas in a research 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 assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, National Fuel Gas has a consensus rating of “Hold” and a consensus target price of $69.00.

Insider Buying and Selling at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the business’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 directly owns 8,203 shares in the company, valued at approximately $498,496.31. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.55% of the company’s stock.

National Fuel Gas Trading Up 1.1 %

Shares of NFG opened at $64.23 on Monday. The firm has a market cap of $5.87 billion, a P/E ratio of 79.30 and a beta of 0.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $64.30. The company has a 50 day simple moving average of $61.02 and a two-hundred day simple moving average of $58.48.

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 paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s payout ratio is currently 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.