Rhumbline Advisers Reduces Position in National Fuel Gas (NFG)

Rhumbline Advisers lessened its stake in National Fuel Gas (NYSE:NFG) by 2.1% in the 1st quarter, Holdings Channel reports. The firm owned 156,381 shares of the oil and gas producer’s stock after selling 3,379 shares during the period. Rhumbline Advisers’ holdings in National Fuel Gas were worth $8,046,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MHI Funds LLC acquired a new stake in National Fuel Gas in the 4th quarter valued at approximately $113,000. Captrust Financial Advisors acquired a new stake in National Fuel Gas in the 4th quarter valued at approximately $126,000. Quadrature Capital Ltd acquired a new stake in National Fuel Gas in the 4th quarter valued at approximately $210,000. Taylor Hoffman Wealth Management acquired a new stake in National Fuel Gas in the 4th quarter valued at approximately $221,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in National Fuel Gas by 40.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,033 shares of the oil and gas producer’s stock valued at $221,000 after purchasing an additional 1,155 shares during the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Several research firms recently weighed in on NFG. Jefferies Group downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. TheStreet downgraded shares of National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, May 3rd. ValuEngine downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Finally, Citigroup restated a “neutral” rating and issued a $54.00 price target on shares of National Fuel Gas in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.60.

National Fuel Gas opened at $51.38 on Friday, Marketbeat.com reports. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.87. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.56 and a quick ratio of 1.45. National Fuel Gas has a 52 week low of $51.29 and a 52 week high of $51.59.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, May 3rd. The oil and gas producer reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.05. The business had revenue of $540.90 million during the quarter, compared to the consensus estimate of $569.43 million. National Fuel Gas had a net margin of 24.80% and a return on equity of 16.12%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. sell-side analysts anticipate that National Fuel Gas will post 3.29 earnings per share for the current fiscal year.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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