National Fuel Gas (NYSE:NFG) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its holdings in National Fuel Gas (NYSE:NFG) by 72.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,961 shares of the oil and gas producer’s stock after buying an additional 5,846 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in National Fuel Gas were worth $846,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in National Fuel Gas by 44.2% in the third quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock valued at $151,416,000 after acquiring an additional 765,236 shares during the period. AQR Capital Management LLC boosted its holdings in National Fuel Gas by 159.5% during the second quarter. AQR Capital Management LLC now owns 880,434 shares of the oil and gas producer’s stock worth $47,711,000 after buying an additional 541,176 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in National Fuel Gas by 194.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 378,588 shares of the oil and gas producer’s stock worth $20,516,000 after buying an additional 249,967 shares during the period. Mackenzie Financial Corp lifted its position in shares of National Fuel Gas by 262.5% during the 2nd quarter. Mackenzie Financial Corp now owns 318,078 shares of the oil and gas producer’s stock valued at $17,237,000 after acquiring an additional 230,332 shares during the period. Finally, Great Lakes Advisors LLC purchased a new stake in shares of National Fuel Gas during the 2nd quarter worth approximately $10,741,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Stock Performance

Shares of NYSE:NFG opened at $63.43 on Thursday. The business has a 50-day moving average of $61.13 and a two-hundred day moving average of $58.57. The firm has a market capitalization of $5.76 billion, a PE ratio of 78.31 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 debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25.

National Fuel Gas Announces Dividend

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

Insider Activity at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total transaction of $103,309.00. Following the sale, the general counsel now directly owns 8,203 shares in the company, valued at approximately $498,496.31. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NFG. Argus raised National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. 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 target price on the stock. JPMorgan Chase & Co. lowered their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Scotiabank boosted 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $69.00.

National Fuel Gas 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.