C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in National Fuel Gas (NYSE:NFG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of National Fuel Gas (NYSE:NFG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,042 shares of the oil and gas producer’s stock, valued at approximately $367,000.

Other institutional investors have also recently bought and sold shares of the company. Kentucky Trust Co acquired a new stake in National Fuel Gas during the 4th quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in National Fuel Gas during the 3rd quarter worth $28,000. UMB Bank n.a. grew its holdings in National Fuel Gas by 82.9% during the 4th 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 during the period. Venturi Wealth Management LLC acquired a new stake in National Fuel Gas during the 3rd quarter worth $35,000. Finally, S.A. Mason LLC acquired a new stake in National Fuel Gas during the 4th quarter worth $38,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Trading Down 0.9 %

NFG opened at $72.76 on Friday. The stock has a market capitalization of $6.59 billion, a P/E ratio of -519.68 and a beta of 0.64. National Fuel Gas has a 12 month low of $48.06 and a 12 month high of $73.60. The firm’s fifty day simple moving average is $66.25 and its 200 day simple moving average is $62.59. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same period in the previous year, the company posted $1.46 EPS. As a group, research analysts anticipate that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.83%. National Fuel Gas’s dividend payout ratio is currently -1,471.32%.

Insider Activity at National Fuel Gas

In related news, insider Justin I. Loweth sold 19,532 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 41,841 shares of the company’s stock, valued at approximately $2,605,439.07. The trade was a 31.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donna L. Decarolis sold 10,000 shares of National Fuel Gas stock in a transaction on 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 owns 81,519 shares in the company, 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. 1.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NFG has been the topic of a number of recent analyst reports. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. 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 target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, National Fuel Gas presently has an average rating of “Hold” and an average target price of $69.00.

National Fuel Gas 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.