National Fuel Gas (NYSE:NFG) Shares Purchased by Fortem Financial Group LLC

Fortem Financial Group LLC raised its position in National Fuel Gas (NYSE:NFG) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,798 shares of the oil and gas producer’s stock after buying an additional 716 shares during the quarter. Fortem Financial Group LLC’s holdings in National Fuel Gas were worth $959,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of National Fuel Gas during the third quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in National Fuel Gas in the 3rd quarter valued at approximately $29,000. Venturi Wealth Management LLC acquired a new position in National Fuel Gas during the 3rd quarter worth approximately $35,000. GAMMA Investing LLC increased its position in 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 period. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of National Fuel Gas during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling at National Fuel Gas

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

Analysts Set New Price Targets

NFG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Bank of America assumed 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 target on the stock. Argus upgraded shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.00.

National Fuel Gas Price Performance

Shares of NFG stock traded down $0.80 during mid-day trading on Monday, reaching $60.55. The stock had a trading volume of 253,211 shares, compared to its average volume of 323,054. The company has a market cap of $5.50 billion, a P/E ratio of 74.75 and a beta of 0.64. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $65.06. The business has a 50-day simple moving average of $61.33 and a 200 day simple moving average of $59.65.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Tuesday, December 31st. National Fuel Gas’s payout ratio is currently 254.32%.

National Fuel Gas Company 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.