 Vision Financial Markets LLC acquired a new position in shares of  National Fuel Gas Company (NYSE:NFG – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,200 shares of the oil and gas producer’s stock, valued at approximately $186,000.
Vision Financial Markets LLC acquired a new position in shares of  National Fuel Gas Company (NYSE:NFG – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,200 shares of the oil and gas producer’s stock, valued at approximately $186,000. 
Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. raised its stake in shares of National Fuel Gas by 9,475.0% during the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 379 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in National Fuel Gas during the second quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. raised its position in National Fuel Gas by 316.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 304 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in National Fuel Gas during the first quarter valued at approximately $55,000. Finally, Wayfinding Financial LLC bought a new position in National Fuel Gas during the first quarter valued at approximately $59,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
National Fuel Gas Trading Down 0.4%
National Fuel Gas stock opened at $81.37 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. The business’s 50-day simple moving average is $87.18 and its 200-day simple moving average is $84.61. The firm has a market capitalization of $7.35 billion, a PE ratio of 30.59, a PEG ratio of 0.47 and a beta of 0.58. National Fuel Gas Company has a 52 week low of $58.82 and a 52 week high of $94.13.
National Fuel Gas Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.6%. National Fuel Gas’s payout ratio is 80.45%.
Analysts Set New Price Targets
NFG has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Scotiabank lowered National Fuel Gas from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $102.00 to $106.00 in a report on Thursday, October 9th. Zacks Research lowered National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Bank of America raised National Fuel Gas from an “underperform” rating to a “buy” rating and raised their price objective for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of National Fuel Gas in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $98.00.
Check Out Our Latest Stock Report on NFG
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.
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