Mutual of America Capital Management LLC Sells 3,252 Shares of National Fuel Gas (NYSE:NFG)

Mutual of America Capital Management LLC trimmed its position in shares of National Fuel Gas (NYSE:NFG) by 6.2% during the third quarter, HoldingsChannel reports. The firm owned 49,376 shares of the oil and gas producer’s stock after selling 3,252 shares during the quarter. Mutual of America Capital Management LLC’s holdings in National Fuel Gas were worth $2,993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Welch Group LLC acquired a new stake in National Fuel Gas during the 2nd quarter worth $526,000. Energy Income Partners LLC increased its holdings in shares of National Fuel Gas by 2.4% in the first quarter. Energy Income Partners LLC now owns 2,595,437 shares of the oil and gas producer’s stock worth $139,427,000 after acquiring an additional 62,009 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of National Fuel Gas during the second quarter worth about $718,000. Natixis Advisors LLC lifted its holdings in shares of National Fuel Gas by 34.2% during the 2nd quarter. Natixis Advisors LLC now owns 44,898 shares of the oil and gas producer’s stock valued at $2,433,000 after purchasing an additional 11,437 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of National Fuel Gas in the 3rd quarter valued at approximately $1,277,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut 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 note on Tuesday, November 12th. Bank of America assumed coverage on shares of National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 target price for the company. Scotiabank increased their target price on National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday.

Insider Activity at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the company’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 sale, the general counsel now owns 8,203 shares in the company, valued at $498,496.31. This represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.55% of the company’s stock.

National Fuel Gas Stock Performance

Shares of NFG opened at $64.24 on Friday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 79.31 and a beta of 0.62. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $64.30. The firm has a fifty day simple moving average of $61.02 and a 200 day simple moving average of $58.44. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77.

National Fuel Gas Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 annualized dividend and a yield of 3.21%. National Fuel Gas’s payout ratio is presently 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.