Foster & Motley Inc. Acquires 12,019 Shares of National Fuel Gas (NYSE:NFG)

Foster & Motley Inc. raised its holdings in National Fuel Gas (NYSE:NFG) by 65.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,380 shares of the oil and gas producer’s stock after buying an additional 12,019 shares during the period. Foster & Motley Inc.’s holdings in National Fuel Gas were worth $1,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFG. Beacon Capital Management LLC acquired a new stake in shares of National Fuel Gas in the first quarter valued at about $27,000. V Square Quantitative Management LLC bought a new position in National Fuel Gas in the third quarter valued at approximately $29,000. Valley National Advisers Inc. bought a new position in National Fuel Gas in the second quarter valued at approximately $37,000. GAMMA Investing LLC increased 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 purchasing an additional 194 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of National Fuel Gas during the 1st quarter worth approximately $46,000. 73.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction dated Wednesday, September 25th. The shares were 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 of the company’s stock, valued at $498,496.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.55% of the stock is currently owned by insiders.

National Fuel Gas Trading Up 3.0 %

Shares of National Fuel Gas stock opened at $62.36 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.77 and a quick ratio of 0.65. The business has a fifty day simple moving average of $60.61 and a two-hundred day simple moving average of $57.86. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $63.54. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 18.07 and a beta of 0.62.

National Fuel Gas Dividend Announcement

The business also recently announced 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s dividend payout ratio is presently 59.71%.

Analysts Set New Price Targets

NFG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Bank of America started coverage on shares of National Fuel Gas in a research note on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective on the stock. Scotiabank upped their target price on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday, October 19th.

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.