Insider Selling: National Fuel Gas (NYSE:NFG) General Counsel Sells 450 Shares of Stock

National Fuel Gas (NYSE:NFGGet Free Report) General Counsel Michael W. Reville sold 450 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $52.72, for a total value of $23,724.00. Following the completion of the sale, the general counsel now directly owns 16,260 shares of the company’s stock, valued at approximately $857,227.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

National Fuel Gas Trading Up 1.4 %

Shares of NFG stock opened at $53.72 on Friday. The stock has a 50-day moving average of $49.39 and a 200-day moving average of $50.77. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $58.25. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.66 and a beta of 0.62. The company has a current ratio of 0.56, a quick ratio of 0.47 and a debt-to-equity ratio of 0.75.

National Fuel Gas (NYSE:NFGGet Free Report) last released its earnings results on Thursday, February 8th. The oil and gas producer reported $1.46 EPS for the quarter, topping the consensus estimate of $1.32 by $0.14. National Fuel Gas had a return on equity of 14.81% and a net margin of 21.58%. The business had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $664.57 million. During the same quarter last year, the firm posted $1.84 earnings per share. The firm’s revenue was down 20.3% on a year-over-year basis. On average, equities research analysts forecast that National Fuel Gas will post 5.19 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.495 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.98 annualized dividend and a yield of 3.69%. National Fuel Gas’s dividend payout ratio is currently 41.51%.

Analysts Set New Price Targets

Separately, StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

View Our Latest Report on NFG

Institutional Investors Weigh In On National Fuel Gas

Several large investors have recently added to or reduced their stakes in NFG. Raymond James & Associates grew its stake in National Fuel Gas by 0.4% during the first quarter. Raymond James & Associates now owns 47,532 shares of the oil and gas producer’s stock worth $3,265,000 after purchasing an additional 170 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in National Fuel Gas by 22.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 29,127 shares of the oil and gas producer’s stock worth $2,001,000 after acquiring an additional 5,424 shares in the last quarter. HighTower Advisors LLC boosted its holdings in National Fuel Gas by 12.3% in the first quarter. HighTower Advisors LLC now owns 15,176 shares of the oil and gas producer’s stock worth $1,043,000 after acquiring an additional 1,658 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in National Fuel Gas by 10.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,513 shares of the oil and gas producer’s stock worth $2,302,000 after acquiring an additional 3,282 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in National Fuel Gas by 15.2% in the first quarter. Great West Life Assurance Co. Can now owns 54,988 shares of the oil and gas producer’s stock worth $3,885,000 after acquiring an additional 7,259 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

About National Fuel Gas

(Get Free Report)

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.

Further Reading

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