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

Cardinal Capital Management increased its position in National Fuel Gas (NYSE:NFG) by 1.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 92,630 shares of the oil and gas producer’s stock after acquiring an additional 1,275 shares during the period. Cardinal Capital Management’s holdings in National Fuel Gas were worth $5,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NFG. GAMMA Investing LLC grew its stake in 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 worth $42,000 after acquiring an additional 194 shares during the period. Cullen Investment Group LTD. grew its position in shares of National Fuel Gas by 0.7% in the third quarter. Cullen Investment Group LTD. now owns 30,021 shares of the oil and gas producer’s stock valued at $1,820,000 after purchasing an additional 202 shares during the period. HBK Sorce Advisory LLC increased its stake in National Fuel Gas by 1.0% in the first quarter. HBK Sorce Advisory LLC now owns 21,743 shares of the oil and gas producer’s stock valued at $1,168,000 after purchasing an additional 225 shares during the last quarter. Financial Advocates Investment Management lifted its position in National Fuel Gas by 6.2% during the second quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock worth $227,000 after buying an additional 243 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its stake in National Fuel Gas by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,460 shares of the oil and gas producer’s stock worth $2,873,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

National Fuel Gas stock opened at $62.41 on Friday. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 12.38 and a beta of 0.62. National Fuel Gas has a 12 month low of $45.32 and a 12 month 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 is $59.88 and its 200-day moving average is $57.00.

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

National Fuel Gas Dividend Announcement

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

Insider Activity at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction 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 completion of the sale, the general counsel now directly owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NFG shares. JPMorgan Chase & Co. cut their price objective on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Scotiabank lifted their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th.

National Fuel Gas 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.