Advisors Asset Management Inc. Purchases 7,510 Shares of National Fuel Gas (NYSE:NFG)

Advisors Asset Management Inc. grew its position in shares of National Fuel Gas (NYSE:NFG) by 53.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,451 shares of the oil and gas producer’s stock after purchasing an additional 7,510 shares during the period. Advisors Asset Management Inc.’s holdings in National Fuel Gas were worth $1,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Beacon Capital Management LLC purchased a new stake in National Fuel Gas in the first quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in shares of National Fuel Gas in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in shares of National Fuel Gas during the 3rd quarter valued at $29,000. Venturi Wealth Management LLC purchased a new position in National Fuel Gas in the 3rd quarter worth $35,000. Finally, Valley National Advisers Inc. bought a new stake in National Fuel Gas in the second quarter worth $37,000. 73.96% of the stock is currently owned by institutional investors.

Insider Activity at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the completion of the transaction, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Scotiabank lifted their price objective 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. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, 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 price target for the company. 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 issued a strong buy rating to the company. According to MarketBeat, National Fuel Gas has a consensus rating of “Hold” and an average target price of $69.00.

National Fuel Gas Price Performance

NFG opened at $63.99 on Tuesday. The stock’s 50 day moving average price is $61.08 and its 200-day moving average price is $58.53. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $65.06. The stock has a market capitalization of $5.85 billion, a PE ratio of 79.00 and a beta of 0.62. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s payout ratio is 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.