National Fuel Gas (NYSE:NFG) Given New $64.00 Price Target at JPMorgan Chase & Co.

National Fuel Gas (NYSE:NFG) had its target price trimmed by JPMorgan Chase & Co. from $65.00 to $64.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the oil and gas producer’s stock.

Other analysts have also recently issued research reports about the stock. Bank of America began coverage on shares of National Fuel Gas in a research note on Monday, October 28th. They set an “underperform” rating and a $62.00 price target for the company. Scotiabank raised their price target on National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th.

National Fuel Gas Trading Down 0.3 %

NFG opened at $61.29 on Tuesday. The firm has a market cap of $5.60 billion, a price-to-earnings 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 business’s 50 day moving average is $60.65 and its two-hundred day moving average is $58.06. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.515 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.06 dividend on an annualized basis and a yield of 3.36%. National Fuel Gas’s payout ratio is currently 254.32%.

Insiders Place Their Bets

In related news, 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 value of $103,309.00. Following the sale, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NFG. Victory Capital Management Inc. grew its holdings in shares of National Fuel Gas by 44.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock worth $151,416,000 after acquiring an additional 765,236 shares during the period. AQR Capital Management LLC increased its position in shares of National Fuel Gas by 159.5% in the second quarter. AQR Capital Management LLC now owns 880,434 shares of the oil and gas producer’s stock valued at $47,711,000 after buying an additional 541,176 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in National Fuel Gas by 194.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 378,588 shares of the oil and gas producer’s stock valued at $20,516,000 after acquiring an additional 249,967 shares in the last quarter. Mackenzie Financial Corp raised its position in National Fuel Gas by 262.5% during the second quarter. Mackenzie Financial Corp now owns 318,078 shares of the oil and gas producer’s stock worth $17,237,000 after acquiring an additional 230,332 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of National Fuel Gas in the second quarter valued at about $10,741,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

About National Fuel Gas

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.