Barnett & Company Inc. Acquires 4,700 Shares of National Fuel Gas (NYSE:NFG)

Barnett & Company Inc. boosted its stake in National Fuel Gas (NYSE:NFG) by 10.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 51,442 shares of the oil and gas producer’s stock after buying an additional 4,700 shares during the period. National Fuel Gas makes up 2.1% of Barnett & Company Inc.’s portfolio, making the stock its 15th largest holding. Barnett & Company Inc. owned 0.06% of National Fuel Gas worth $3,118,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in National Fuel Gas in the 1st quarter valued at $905,000. Sei Investments Co. raised its stake in National Fuel Gas by 20.2% in the 1st quarter. Sei Investments Co. now owns 190,996 shares of the oil and gas producer’s stock worth $10,260,000 after purchasing an additional 32,121 shares in the last quarter. Qsemble Capital Management LP bought a new stake in National Fuel Gas in the 1st quarter valued at about $543,000. US Bancorp DE grew its position in shares of National Fuel Gas by 4.5% during the 1st quarter. US Bancorp DE now owns 25,400 shares of the oil and gas producer’s stock worth $1,364,000 after purchasing an additional 1,105 shares in the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in shares of National Fuel Gas during the first quarter worth approximately $429,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total transaction of $103,309.00. Following the transaction, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.55% of the company’s stock.

National Fuel Gas Trading Up 0.8 %

NFG traded up $0.50 during trading on Tuesday, hitting $61.97. The company’s stock had a trading volume of 94,115 shares, compared to its average volume of 522,196. The firm has a market capitalization of $5.66 billion, a P/E ratio of 76.22 and a beta of 0.62. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $63.54. The stock’s fifty day moving average price is $60.63 and its 200-day moving average price is $58.00. The company has a quick ratio of 0.65, a current ratio of 0.32 and a debt-to-equity ratio of 0.77.

National Fuel Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 yield of 3.32%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 254.32%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NFG shares. JPMorgan Chase & Co. cut their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday. StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Bank of America initiated coverage on National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target for the company. Finally, Scotiabank raised 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.

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.