National Fuel Gas (NYSE:NFG) Shares Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp boosted its holdings in shares of National Fuel Gas (NYSE:NFG) by 6.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,991 shares of the oil and gas producer’s stock after buying an additional 495 shares during the quarter. Chase Investment Counsel Corp’s holdings in National Fuel Gas were worth $484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position 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 acquiring an additional 765,236 shares during the period. Barnett & Company Inc. lifted its holdings in shares of National Fuel Gas by 10.1% during the third quarter. Barnett & Company Inc. now owns 51,442 shares of the oil and gas producer’s stock worth $3,118,000 after purchasing an additional 4,700 shares during the period. First Heartland Consultants Inc. purchased a new stake in National Fuel Gas in the third quarter valued at approximately $295,000. Keystone Financial Services acquired a new position in National Fuel Gas in the 3rd quarter worth approximately $231,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of National Fuel Gas during the third quarter worth $35,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Stock Down 0.3 %

Shares of NFG opened at $61.29 on Wednesday. The firm has a market cap of $5.60 billion, a P/E ratio of 75.67 and a beta of 0.62. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $63.54. The stock’s 50 day moving average is $60.65 and its two-hundred day moving average is $58.06. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 3.36%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s dividend payout ratio is presently 254.32%.

Analysts Set New Price Targets

Several research firms recently commented on NFG. Bank of America began coverage on National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Scotiabank increased their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th.

Insiders Place Their Bets

In other news, General Counsel Michael W. Reville sold 1,700 shares of the business’s 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 completion of the sale, the general counsel now owns 8,203 shares of the company’s stock, valued at $498,496.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.55% of the stock is currently owned by company insiders.

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.