National Fuel Gas (NYSE:NFG) Holdings Lifted by Huntington National Bank

Huntington National Bank increased its holdings in National Fuel Gas (NYSE:NFG) by 25.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,123 shares of the oil and gas producer’s stock after acquiring an additional 848 shares during the period. Huntington National Bank’s holdings in National Fuel Gas were worth $250,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total transaction of $103,309.00. Following the completion of the transaction, the general counsel now owns 8,203 shares of the company’s stock, valued at $498,496.31. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.55% of the stock is owned by insiders.

National Fuel Gas Stock Up 1.1 %

Shares of NFG stock opened at $61.08 on Friday. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 75.41 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. The stock’s 50 day simple moving average is $60.75 and its 200 day simple moving average is $58.18. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $63.54.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s payout ratio is 254.32%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NFG shares. StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Bank of America initiated coverage on National Fuel Gas in a report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Finally, Scotiabank raised their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th.

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.