Radnor Capital Management LLC Sells 800 Shares of National Fuel Gas (NYSE:NFG)

Radnor Capital Management LLC lowered its stake in National Fuel Gas (NYSE:NFG) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NFG. MQS Management LLC increased its holdings in National Fuel Gas by 2.0% in the third quarter. MQS Management LLC now owns 8,631 shares of the oil and gas producer’s stock valued at $523,000 after purchasing an additional 166 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of National Fuel Gas by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 194 shares during the last quarter. Cullen Investment Group LTD. increased its stake in shares of National Fuel Gas by 0.7% in the 3rd quarter. Cullen Investment Group LTD. now owns 30,021 shares of the oil and gas producer’s stock valued at $1,820,000 after acquiring an additional 202 shares during the last quarter. Hancock Whitney Corp boosted its stake in National Fuel Gas by 1.4% during the 3rd quarter. Hancock Whitney Corp now owns 21,363 shares of the oil and gas producer’s stock worth $1,295,000 after acquiring an additional 303 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in National Fuel Gas by 4.3% during the 3rd quarter. Inspire Investing LLC now owns 7,692 shares of the oil and gas producer’s stock worth $466,000 after acquiring an additional 318 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Trading Up 2.2 %

Shares of NYSE:NFG opened at $65.04 on Wednesday. The firm has a market cap 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 has a 12 month low of $45.32 and a 12 month high of $65.18. The company’s fifty day simple moving average is $61.52 and its 200 day simple moving average is $59.95.

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.515 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.17%. National Fuel Gas’s dividend payout ratio (DPR) is 254.32%.

Insider Transactions at National Fuel Gas

In other National Fuel Gas news, insider Donna L. Decarolis sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $62.58, for a total value of $625,800.00. Following the sale, the insider now owns 81,519 shares in the company, valued at approximately $5,101,459.02. The trade was a 10.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Justin I. Loweth sold 19,532 shares of the company’s stock in a transaction that occurred 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 directly owns 41,841 shares of the company’s stock, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Argus upgraded National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Monday. Finally, 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 target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.00.

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.