Independent Solutions Wealth Management LLC Sells 390 Shares of National Fuel Gas (NYSE:NFG)

Independent Solutions Wealth Management LLC lessened its holdings in National Fuel Gas (NYSE:NFG) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,154 shares of the oil and gas producer’s stock after selling 390 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in National Fuel Gas were worth $979,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of National Fuel Gas during the 2nd quarter worth approximately $221,000. Blue Trust Inc. grew its position in shares of National Fuel Gas by 331.6% in the 2nd quarter. Blue Trust Inc. now owns 1,161 shares of the oil and gas producer’s stock valued at $62,000 after acquiring an additional 892 shares during the period. Raymond James & Associates increased its stake in shares of National Fuel Gas by 3.4% during the 2nd quarter. Raymond James & Associates now owns 71,036 shares of the oil and gas producer’s stock worth $3,849,000 after purchasing an additional 2,320 shares during the last quarter. Hennessy Advisors Inc. increased its stake in shares of National Fuel Gas by 11.5% during the 2nd quarter. Hennessy Advisors Inc. now owns 92,024 shares of the oil and gas producer’s stock worth $4,987,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Sterling Investment Counsel LLC acquired a new stake in National Fuel Gas in the 2nd quarter valued at about $342,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling at National Fuel Gas

In other National Fuel Gas news, 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 value of $1,216,257.64. Following the transaction, the insider now directly owns 41,841 shares in the company, valued at $2,605,439.07. The trade was a 31.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas 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 completion of the sale, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,232 shares of company stock worth $1,945,367. Insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Monday. Bank of America initiated coverage on National Fuel Gas in a research report on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective on the stock. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lowered 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 research analyst has rated the stock with a sell rating, two have assigned 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.com, National Fuel Gas currently has an average rating of “Hold” and a consensus price target of $69.00.

National Fuel Gas Stock Up 0.7 %

Shares of NYSE:NFG traded up $0.42 during mid-day trading on Thursday, hitting $59.52. 351,763 shares of the company traded hands, compared to its average volume of 516,515. The stock has a market cap of $5.41 billion, a P/E ratio of 73.48 and a beta of 0.63. The stock has a 50-day moving average price of $61.61 and a two-hundred day moving average price of $59.20. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $65.06. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, December 31st. 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.