National Fuel Gas (NYSE:NFG) Shares Acquired by Cardinal Capital Management

Cardinal Capital Management increased its holdings in shares of National Fuel Gas (NYSE:NFG) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,630 shares of the oil and gas producer’s stock after purchasing an additional 1,275 shares during the period. Cardinal Capital Management owned 0.10% of National Fuel Gas worth $5,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Beacon Capital Management LLC purchased a new stake in shares of National Fuel Gas in the first quarter valued at about $27,000. Hexagon Capital Partners LLC purchased a new stake in National Fuel Gas during the 1st quarter valued at approximately $28,000. GAMMA Investing LLC lifted its position in 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 acquiring an additional 194 shares during the period. Valley National Advisers Inc. purchased a new position in shares of National Fuel Gas in the 2nd quarter valued at approximately $37,000. Finally, LRI Investments LLC purchased a new position in shares of National Fuel Gas in the 1st quarter valued at approximately $46,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at National Fuel Gas

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 stock was sold at an average price of $60.77, for a total transaction of $103,309.00. Following the sale, the general counsel now directly owns 8,203 shares in the company, valued at approximately $498,496.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.55% of the stock is currently owned by company insiders.

National Fuel Gas Stock Up 0.4 %

National Fuel Gas stock opened at $62.41 on Friday. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $62.57. 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 stock’s 50 day moving average price is $59.88 and its 200 day moving average price is $57.00. The company has a market cap of $5.74 billion, a PE ratio of 12.38 and a beta of 0.62.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $540.62 million. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 EPS. On average, sell-side analysts predict that National Fuel Gas will post 5.05 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s dividend payout ratio is currently 40.87%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Scotiabank increased 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. JPMorgan Chase & Co. cut their price objective on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday, October 11th.

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.