National Fuel Gas (NYSE:NFG) Shares Sold by Phoenix Wealth Advisors

Phoenix Wealth Advisors decreased its holdings in National Fuel Gas (NYSE:NFG) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,765 shares of the oil and gas producer’s stock after selling 171 shares during the period. Phoenix Wealth Advisors’ holdings in National Fuel Gas were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. MQS Management LLC grew its stake in shares of National Fuel Gas by 2.0% in the third quarter. MQS Management LLC now owns 8,631 shares of the oil and gas producer’s stock worth $523,000 after acquiring an additional 166 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of National Fuel Gas by 38.6% in the third quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 194 shares in the last quarter. Cullen Investment Group LTD. grew its stake in shares of National Fuel Gas by 0.7% in the third quarter. Cullen Investment Group LTD. now owns 30,021 shares of the oil and gas producer’s stock worth $1,820,000 after acquiring an additional 202 shares in the last quarter. UMB Bank n.a. grew its stake in shares of National Fuel Gas by 82.9% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 218 shares in the last quarter. Finally, Hancock Whitney Corp grew its stake in shares of National Fuel Gas by 1.4% in the third quarter. Hancock Whitney Corp now owns 21,363 shares of the oil and gas producer’s stock worth $1,295,000 after acquiring an additional 303 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 other news, insider Justin I. Loweth sold 19,532 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $62.27, for a total value of $1,216,257.64. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donna L. Decarolis sold 10,000 shares of the company’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 completion of the sale, the insider now directly owns 81,519 shares of the company’s stock, valued at $5,101,459.02. The trade was a 10.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

National Fuel Gas Price Performance

Shares of NFG opened at $69.78 on Wednesday. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $69.83. The stock has a market cap of $6.34 billion, a PE ratio of 86.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25. The firm has a fifty day moving average price of $62.35 and a 200 day moving average price of $60.51.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.515 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.06 dividend on an annualized basis and a yield of 2.95%. National Fuel Gas’s dividend payout ratio (DPR) is presently 254.32%.

Analyst Ratings Changes

NFG has been the subject of several recent analyst reports. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Bank of America initiated coverage on shares of 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.00.

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.