GAMMA Investing LLC Has $60,000 Position in National Fuel Gas (NYSE:NFG)

GAMMA Investing LLC grew its holdings in shares of National Fuel Gas (NYSE:NFG) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 993 shares of the oil and gas producer’s stock after acquiring an additional 297 shares during the period. GAMMA Investing LLC’s holdings in National Fuel Gas were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of National Fuel Gas in the third quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in National Fuel Gas in the third quarter worth $29,000. Venturi Wealth Management LLC bought a new position in National Fuel Gas in the 3rd quarter valued at $35,000. Safe Harbor Fiduciary LLC bought a new position in National Fuel Gas in the 3rd quarter valued at $46,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of National Fuel Gas during the 3rd quarter valued at $50,000. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Stock Performance

National Fuel Gas stock opened at $62.51 on Monday. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $65.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.32. The stock has a market cap of $5.68 billion, a P/E ratio of 77.17 and a beta of 0.64. The firm’s fifty day moving average price is $61.44 and its 200-day moving average price is $59.89.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.30%. National Fuel Gas’s dividend payout ratio is 254.32%.

Insider Buying and Selling

In other news, insider Justin I. Loweth sold 19,532 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $62.27, for a total transaction of $1,216,257.64. Following the transaction, the insider now directly owns 41,841 shares of the company’s stock, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donna L. Decarolis sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $62.58, for a total value of $625,800.00. Following the completion of the sale, the insider now directly owns 81,519 shares of the company’s stock, valued at approximately $5,101,459.02. This trade represents a 10.93 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Bank of America initiated coverage on National Fuel Gas in a report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target for the company. Finally, Argus upgraded shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.00.

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.