Radnor Capital Management LLC decreased its stake in shares of National Fuel Gas (NYSE:NFG – Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,324 shares of the oil and gas producer’s stock after selling 800 shares during the quarter. Radnor Capital Management LLC’s holdings in National Fuel Gas were worth $1,294,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in NFG. Capital Performance Advisors LLP bought a new position in shares of National Fuel Gas in the third quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in National Fuel Gas in the third quarter valued at $29,000. Venturi Wealth Management LLC bought a new position in shares of National Fuel Gas in the 3rd quarter valued at about $35,000. GAMMA Investing LLC increased its stake in shares of National Fuel Gas by 38.6% during the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 194 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of National Fuel Gas in the 3rd quarter valued at about $46,000. Institutional investors own 73.96% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on NFG shares. JPMorgan Chase & Co. reduced 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. Argus upgraded National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. Bank of America began coverage on National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target on the stock. Finally, StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, National Fuel Gas currently has an average rating of “Hold” and a consensus target price of $69.00.
National Fuel Gas Price Performance
Shares of National Fuel Gas stock opened at $65.04 on Wednesday. The company has a 50-day simple moving average of $61.52 and a two-hundred day simple moving average of $59.95. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $65.18. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 80.30 and a beta of 0.64. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Tuesday, December 31st. National Fuel Gas’s dividend payout ratio (DPR) is currently 254.32%.
Insider Buying and Selling
In related news, insider Justin I. Loweth sold 19,532 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $62.27, for a total value of $1,216,257.64. Following the transaction, the insider now owns 41,841 shares in the company, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donna L. Decarolis sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $62.58, for a total transaction of $625,800.00. Following the sale, the insider now directly owns 81,519 shares of the company’s stock, valued at $5,101,459.02. This represents a 10.93 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by company insiders.
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.
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