AlphaCore Capital LLC Sells 287 Shares of National Fuel Gas (NYSE:NFG)

AlphaCore Capital LLC trimmed its position in shares of National Fuel Gas (NYSE:NFG) by 5.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,052 shares of the oil and gas producer’s stock after selling 287 shares during the period. AlphaCore Capital LLC’s holdings in National Fuel Gas were worth $309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of National Fuel Gas in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in National Fuel Gas in the third quarter valued at approximately $29,000. Beacon Capital Management LLC acquired a new stake in shares of National Fuel Gas in the first quarter valued at approximately $27,000. Venturi Wealth Management LLC bought a new position in shares of National Fuel Gas during the 3rd quarter worth approximately $35,000. Finally, GAMMA Investing LLC increased its holdings 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 acquiring an additional 194 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction of $103,309.00. Following the sale, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.55% of the company’s stock.

National Fuel Gas Stock Performance

NYSE NFG opened at $63.51 on Friday. The firm has a 50-day moving average price of $60.94 and a two-hundred day moving average price of $58.38. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $63.69. The company has a market capitalization of $5.80 billion, a P/E ratio of 78.41 and a beta of 0.62. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s dividend payout ratio is currently 254.32%.

Wall Street Analyst Weigh In

NFG has been the subject of a number of research analyst reports. StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. reduced their target price on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Bank of America started coverage on shares of National Fuel Gas in a report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target on the stock. Finally, Scotiabank boosted their price target on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th.

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.