Chase Investment Counsel Corp Buys 495 Shares of National Fuel Gas (NYSE:NFG)

Chase Investment Counsel Corp grew its stake in National Fuel Gas (NYSE:NFG) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,991 shares of the oil and gas producer’s stock after purchasing an additional 495 shares during the period. Chase Investment Counsel Corp’s holdings in National Fuel Gas were worth $484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC bought a new stake in National Fuel Gas in the first quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in shares of National Fuel Gas in the third quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in shares of National Fuel Gas in the 3rd quarter worth about $29,000. Venturi Wealth Management LLC bought a new position in National Fuel Gas during the 3rd quarter valued at about $35,000. Finally, Valley National Advisers Inc. purchased a new stake in National Fuel Gas in the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Transactions at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total value 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NFG shares. Scotiabank boosted their target price on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Bank of America started coverage on National Fuel Gas in a research report on Monday, October 28th. They set an “underperform” rating and a $62.00 target price for the company. Finally, JPMorgan Chase & Co. lowered 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 note on Tuesday.

National Fuel Gas Stock Down 0.3 %

Shares of NYSE:NFG opened at $61.29 on Wednesday. The business’s 50 day moving average is $60.65 and its 200 day moving average is $58.06. The stock has a market cap of $5.60 billion, a P/E ratio of 75.67 and a beta of 0.62. National Fuel Gas has a 52-week low of $45.32 and a 52-week high of $63.54. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 annualized dividend and a dividend yield of 3.36%. National Fuel Gas’s payout ratio is currently 254.32%.

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.