22,124 Shares in National Fuel Gas (NYSE:NFG) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC acquired a new position in National Fuel Gas (NYSE:NFG - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 22,124 shares of the oil and gas producer's stock, valued at approximately $1,341,000.

Other large investors also recently bought and sold shares of the company. Beacon Capital Management LLC purchased a new stake in shares of National Fuel Gas during the first quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in National Fuel Gas during the 3rd quarter worth $29,000. Valley National Advisers Inc. purchased a new stake in shares of National Fuel Gas during the second quarter worth $37,000. GAMMA Investing LLC raised its position in shares of National Fuel Gas by 38.6% in the third quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer's stock valued at $42,000 after buying an additional 194 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of National Fuel Gas in the first quarter valued at about $46,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Trading Down 5.6 %

Shares of NFG stock traded down $3.47 on Thursday, hitting $58.91. The stock had a trading volume of 1,224,932 shares, compared to its average volume of 523,145. The company's 50 day moving average price is $60.60 and its 200-day moving average price is $57.87. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $63.54. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.77 and a quick ratio of 0.65. The firm has a market capitalization of $5.38 billion, a P/E ratio of 17.08 and a beta of 0.62.

National Fuel Gas (NYSE:NFG - Get Free Report) last released its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.06). The firm had revenue of $372.07 million during the quarter, compared to analyst estimates of $482.49 million. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. Analysts anticipate that National Fuel Gas will post 5.08 earnings per share for the current year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas's payout ratio is currently 59.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research note 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 price objective on the stock. JPMorgan Chase & Co. dropped their target price on National Fuel Gas from $64.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Finally, Scotiabank raised their target price on National Fuel Gas from $80.00 to $81.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th.

Insiders Place Their Bets

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the business's stock in a transaction 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 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 legal filing with the SEC, which is available at the SEC website. 1.55% of the stock is 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.