National Fuel Gas (NYSE:NFG) Stock Holdings Lessened by Integrated Advisors Network LLC

Integrated Advisors Network LLC reduced its holdings in National Fuel Gas (NYSE:NFG) by 26.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 38,454 shares of the oil and gas producer’s stock after selling 13,683 shares during the quarter. Integrated Advisors Network LLC’s holdings in National Fuel Gas were worth $3,045,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Schroder Investment Management Group lifted its position in shares of National Fuel Gas by 4.0% in the 4th quarter. Schroder Investment Management Group now owns 9,122 shares of the oil and gas producer’s stock worth $551,000 after buying an additional 350 shares during the last quarter. Norges Bank acquired a new stake in shares of National Fuel Gas in the 4th quarter worth about $67,393,000. ING Groep NV acquired a new stake in shares of National Fuel Gas in the 4th quarter worth about $1,086,000. Proficio Capital Partners LLC acquired a new stake in shares of National Fuel Gas in the 4th quarter worth about $862,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of National Fuel Gas in the 4th quarter worth about $367,000. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NFG has been the topic of a number of analyst reports. Bank of America increased their price objective on shares of National Fuel Gas from $77.00 to $85.00 and gave the stock an “underperform” rating in a report on Friday, May 23rd. JPMorgan Chase & Co. increased their price objective on shares of National Fuel Gas from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, March 13th. Finally, Wall Street Zen raised shares of National Fuel Gas from a “hold” rating to a “buy” rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.33.

National Fuel Gas Stock Down 0.1%

National Fuel Gas stock opened at $81.96 on Thursday. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of -585.39 and a beta of 0.62. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $79.69 and its two-hundred day moving average price is $72.65. National Fuel Gas has a 52 week low of $53.03 and a 52 week high of $84.27.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, beating the consensus estimate of $2.18 by $0.21. The firm had revenue of $729.95 million for the quarter, compared to analysts’ expectations of $770.81 million. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. National Fuel Gas’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $1.79 EPS. On average, analysts expect that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Company 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.