Thompson Siegel & Walmsley LLC Lowers Position in National Fuel Gas (NYSE:NFG)

Thompson Siegel & Walmsley LLC reduced its stake in National Fuel Gas (NYSE:NFG) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,052,128 shares of the oil and gas producer’s stock after selling 103,762 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in National Fuel Gas were worth $63,769,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NFG. Vanguard Group Inc. grew its holdings in shares of National Fuel Gas by 0.8% in the first quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer’s stock valued at $715,178,000 after purchasing an additional 104,587 shares in the last quarter. Energy Income Partners LLC increased its position in shares of National Fuel Gas by 2.4% during the first quarter. Energy Income Partners LLC now owns 2,595,437 shares of the oil and gas producer’s stock worth $139,427,000 after acquiring an additional 62,009 shares during the period. Gabelli Funds LLC raised its stake in shares of National Fuel Gas by 1.0% in the second quarter. Gabelli Funds LLC now owns 2,533,482 shares of the oil and gas producer’s stock valued at $137,289,000 after acquiring an additional 24,800 shares in the last quarter. Victory Capital Management Inc. grew its stake in National Fuel Gas by 44.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock worth $151,416,000 after purchasing an additional 765,236 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in National Fuel Gas by 7.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,320,850 shares of the oil and gas producer’s stock valued at $70,956,000 after purchasing an additional 96,410 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Activity at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction that occurred 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 sale, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.55% of the stock is currently owned by insiders.

National Fuel Gas Trading Down 0.5 %

NYSE:NFG opened at $61.67 on Thursday. The company has a market capitalization of $5.63 billion, a PE ratio of 76.14 and a beta of 0.62. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $63.54. The stock’s 50 day moving average price is $60.85 and its 200 day moving average price is $58.34. 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 Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 annualized dividend and a dividend yield of 3.34%. National Fuel Gas’s dividend payout ratio (DPR) is 254.32%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NFG shares. JPMorgan Chase & Co. reduced their target price on shares of 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 initiated coverage on National Fuel Gas in a research report on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective for the company. StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Scotiabank boosted 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 report 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.