State Treasurer State of Michigan Cuts Position in National Fuel Gas Co. (NFG)

State Treasurer State of Michigan trimmed its position in National Fuel Gas Co. (NYSE:NFG) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,780 shares of the oil and gas producer’s stock after selling 1,400 shares during the period. State Treasurer State of Michigan’s holdings in National Fuel Gas were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFG. APG Asset Management N.V. increased its position in shares of National Fuel Gas by 175.2% in the 4th quarter. APG Asset Management N.V. now owns 538,599 shares of the oil and gas producer’s stock valued at $24,629,000 after acquiring an additional 342,899 shares during the period. First Trust Advisors LP increased its position in shares of National Fuel Gas by 300.3% in the 3rd quarter. First Trust Advisors LP now owns 288,135 shares of the oil and gas producer’s stock valued at $16,311,000 after acquiring an additional 216,153 shares during the period. Courier Capital LLC increased its position in shares of National Fuel Gas by 403.6% in the 3rd quarter. Courier Capital LLC now owns 93,369 shares of the oil and gas producer’s stock valued at $5,285,000 after acquiring an additional 74,827 shares during the period. Hennessy Advisors Inc. increased its position in shares of National Fuel Gas by 18.0% in the 3rd quarter. Hennessy Advisors Inc. now owns 439,724 shares of the oil and gas producer’s stock valued at $24,893,000 after acquiring an additional 67,000 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of National Fuel Gas by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,258,377 shares of the oil and gas producer’s stock valued at $243,237,000 after acquiring an additional 53,908 shares during the period. 70.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of National Fuel Gas Co. (NFG) opened at $49.55 on Thursday. National Fuel Gas Co. has a 1-year low of $48.31 and a 1-year high of $61.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.27. The company has a market cap of $4,250.00, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 4.84 and a beta of 0.88.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 EPS for the quarter, beating the consensus estimate of $0.81 by $0.21. National Fuel Gas had a net margin of 24.93% and a return on equity of 16.36%. The company had revenue of $419.66 million for the quarter, compared to analyst estimates of $453.61 million. During the same period in the prior year, the company earned $1.04 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. equities research analysts anticipate that National Fuel Gas Co. will post 3.32 EPS for the current year.

Several equities analysts recently issued reports on NFG shares. Sidoti raised National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, January 2nd. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Scotiabank reissued a “hold” rating and issued a $60.00 target price on shares of National Fuel Gas in a research report on Friday, November 3rd. Finally, Jefferies Group reissued a “hold” rating and issued a $58.00 target price on shares of National Fuel Gas in a research report on Wednesday, December 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $61.00.

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National Fuel Gas Profile

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

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

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