Creative Planning Reduces Stake in National Fuel Gas (NYSE:NFG)

Creative Planning lowered its position in National Fuel Gas (NYSE:NFG) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,140 shares of the oil and gas producer’s stock after selling 777 shares during the period. Creative Planning’s holdings in National Fuel Gas were worth $1,887,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of National Fuel Gas in the 1st quarter worth approximately $1,748,000. Equity Investment Corp raised its position in shares of National Fuel Gas by 27.7% in the 1st quarter. Equity Investment Corp now owns 1,242,186 shares of the oil and gas producer’s stock worth $66,730,000 after acquiring an additional 269,441 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of National Fuel Gas by 478.8% in the 1st quarter. BNP Paribas Financial Markets now owns 86,567 shares of the oil and gas producer’s stock worth $4,650,000 after acquiring an additional 71,612 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of National Fuel Gas by 12.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 130,375 shares of the oil and gas producer’s stock worth $7,004,000 after acquiring an additional 14,604 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of National Fuel Gas by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer’s stock worth $715,178,000 after acquiring an additional 104,587 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

NFG has been the subject of several research reports. StockNews.com lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. reduced their price objective on National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Scotiabank raised their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Bank of America started coverage on National Fuel Gas in a research report on Monday. They set an “underperform” rating and a $62.00 price objective for the company.

Insiders Place Their Bets

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas 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 sale, the general counsel now owns 8,203 shares of the company’s stock, valued at approximately $498,496.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.55% of the company’s stock.

National Fuel Gas Stock Down 0.8 %

NFG stock opened at $61.29 on Tuesday. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $63.54. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The firm has a market cap of $5.60 billion, a PE ratio of 17.76 and a beta of 0.62. The business has a 50 day moving average of $60.36 and a 200 day moving average of $57.50.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $540.62 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. On average, research 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 announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s payout ratio is 59.71%.

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.