Fortem Financial Group LLC Grows Position in National Fuel Gas (NYSE:NFG)

Fortem Financial Group LLC lifted its position in shares of National Fuel Gas (NYSE:NFG) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,798 shares of the oil and gas producer’s stock after purchasing an additional 716 shares during the quarter. Fortem Financial Group LLC’s holdings in National Fuel Gas were worth $959,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MQS Management LLC increased its position 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 increased its holdings in National Fuel Gas by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 194 shares in the last quarter. Cullen Investment Group LTD. raised its position in 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 valued at $1,820,000 after purchasing an additional 202 shares during the period. Hancock Whitney Corp raised its position in 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 valued at $1,295,000 after purchasing an additional 303 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of National Fuel Gas by 4.3% during the third quarter. Inspire Investing LLC now owns 7,692 shares of the oil and gas producer’s stock worth $466,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Stock Down 1.3 %

Shares of National Fuel Gas stock traded down $0.80 during trading on Monday, reaching $60.55. The company had a trading volume of 253,211 shares, compared to its average volume of 323,054. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.32. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $65.06. The firm’s fifty day moving average is $61.33 and its 200-day moving average is $59.65. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 74.75 and a beta of 0.64.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, December 31st. National Fuel Gas’s dividend payout ratio is presently 254.32%.

Insider Transactions at National Fuel Gas

In other news, insider Donna L. Decarolis sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $62.58, for a total value of $625,800.00. Following the transaction, the insider now directly owns 81,519 shares in the company, valued at approximately $5,101,459.02. This trade represents a 10.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Justin I. Loweth sold 19,532 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $62.27, for a total transaction 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. This represents a 31.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFG. StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Bank of America began coverage on shares of National Fuel Gas in a research report on Monday, October 28th. They set an “underperform” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, Argus upgraded National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.