Donald L. Hagan LLC Has $989,000 Position in National Fuel Gas (NYSE:NFG)

Donald L. Hagan LLC decreased its holdings in National Fuel Gas (NYSE:NFG) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,324 shares of the oil and gas producer’s stock after selling 3,352 shares during the quarter. Donald L. Hagan LLC’s holdings in National Fuel Gas were worth $989,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Beacon Capital Management LLC bought a new stake in National Fuel Gas in the first quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new position in shares of National Fuel Gas in the 3rd quarter worth approximately $29,000. Valley National Advisers Inc. acquired a new position in shares of National Fuel Gas in the 2nd quarter worth approximately $37,000. GAMMA Investing LLC lifted its position in shares of 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. Finally, LRI Investments LLC acquired a new stake in National Fuel Gas in the 1st quarter valued at $46,000. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Price Performance

NYSE NFG traded up $1.95 on Wednesday, hitting $62.48. 96,949 shares of the company were exchanged, compared to its average volume of 517,285. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $63.54. The firm has a 50 day moving average of $60.54 and a two-hundred day moving average of $57.83. 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 company has a market cap of $5.71 billion, a P/E ratio of 17.54 and a beta of 0.62.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 annualized dividend and a dividend yield of 3.30%. National Fuel Gas’s dividend payout ratio (DPR) is currently 59.71%.

Insider Activity at National Fuel Gas

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Bank of America initiated coverage on National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective for the company. JPMorgan Chase & Co. reduced their price target on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Scotiabank upped their price objective on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday, October 19th.

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.