Brooklyn Investment Group Takes $64,000 Position in National Fuel Gas (NYSE:NFG)

Brooklyn Investment Group purchased a new stake in National Fuel Gas (NYSE:NFG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,055 shares of the oil and gas producer’s stock, valued at approximately $64,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NFG. Empowered Funds LLC acquired a new position in National Fuel Gas in the 3rd quarter worth $1,277,000. Welch Group LLC acquired a new position in National Fuel Gas in the 2nd quarter worth $526,000. Evergreen Capital Management LLC acquired a new position in National Fuel Gas in the 2nd quarter worth $718,000. Legacy Bridge LLC acquired a new position in National Fuel Gas in the 3rd quarter worth $1,066,000. Finally, Natixis Advisors LLC boosted its stake in National Fuel Gas by 34.2% in the 2nd quarter. Natixis Advisors LLC now owns 44,898 shares of the oil and gas producer’s stock worth $2,433,000 after purchasing an additional 11,437 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insiders Place Their Bets

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the firm’s stock in a transaction 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 transaction, the general counsel now owns 8,203 shares in the company, valued at $498,496.31. This trade represents 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. Corporate insiders own 1.55% of the company’s stock.

National Fuel Gas Trading Up 0.1 %

Shares of NYSE:NFG opened at $63.46 on Friday. The business has a 50 day moving average of $61.20 and a 200-day moving average of $58.61. The stock has a market cap of $5.76 billion, a PE ratio of 78.35 and a beta of 0.62. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $65.06. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s dividend payout ratio is currently 254.32%.

Analysts Set New Price Targets

Several equities research analysts have commented on NFG shares. 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 report on Tuesday, November 12th. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. Bank of America assumed 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 on the stock. Finally, Scotiabank upped their target price 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $69.00.

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.