4,870 Shares in National Fuel Gas (NYSE:NFG) Acquired by First Heartland Consultants Inc.

First Heartland Consultants Inc. purchased a new position in shares of National Fuel Gas (NYSE:NFG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,870 shares of the oil and gas producer’s stock, valued at approximately $295,000.

Other large investors have also bought and sold shares of the company. Beacon Capital Management LLC bought a new position in National Fuel Gas in the 1st quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in National Fuel Gas in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in National Fuel Gas in the 3rd quarter valued at $29,000. Venturi Wealth Management LLC bought a new position in National Fuel Gas in the 3rd quarter valued at $35,000. Finally, Valley National Advisers Inc. bought a new position in National Fuel Gas in the 2nd quarter valued at $37,000. 73.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 in the company, valued at $498,496.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NFG shares. StockNews.com lowered 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 report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target on the stock. Scotiabank raised their price target on 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. Finally, JPMorgan Chase & Co. reduced their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $60.93 on Thursday. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 75.22 and a beta of 0.62. The business has a 50-day moving average of $60.68 and a 200-day moving average of $58.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $63.54.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Monday, September 30th. 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.