Dimensional Fund Advisors LP boosted its position in shares of National Fuel Gas Company (NYSE:NFG) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,581 shares of the oil and gas producer’s stock after buying an additional 29,006 shares during the period. Dimensional Fund Advisors LP owned 0.46% of National Fuel Gas worth $23,345,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC increased its stake in shares of National Fuel Gas by 23.8% in the first quarter. ProShare Advisors LLC now owns 165,207 shares of the oil and gas producer’s stock worth $9,850,000 after buying an additional 31,783 shares during the last quarter. IFC Holdings Incorporated FL bought a new position in shares of National Fuel Gas during the first quarter worth about $205,000. Nationwide Fund Advisors boosted its position in shares of National Fuel Gas by 0.8% in the first quarter. Nationwide Fund Advisors now owns 142,468 shares of the oil and gas producer’s stock worth $8,494,000 after buying an additional 1,150 shares during the period. James Investment Research Inc. acquired a new position in shares of National Fuel Gas during the first quarter worth $320,000. Finally, Hartford Financial Management Inc. boosted its position in shares of National Fuel Gas by 2.0% in the first quarter. Hartford Financial Management Inc. now owns 17,505 shares of the oil and gas producer’s stock worth $1,043,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 69.37% of the company’s stock.
Shares of National Fuel Gas Company (NYSE:NFG) traded down 0.84% during midday trading on Friday, hitting $58.11. 357,026 shares of the company were exchanged. National Fuel Gas Company has a one year low of $50.61 and a one year high of $61.25. The stock has a market cap of $4.97 billion, a PE ratio of 18.10 and a beta of 0.97. The stock’s 50-day moving average is $57.91 and its 200-day moving average is $57.72.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $348.37 million during the quarter, compared to analysts’ expectations of $373.86 million. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. During the same quarter last year, the company posted $0.68 EPS. Equities research analysts anticipate that National Fuel Gas Company will post $3.27 EPS for the current year.
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A number of brokerages have recently weighed in on NFG. Jefferies Group LLC reissued a “hold” rating and set a $52.00 price objective on shares of National Fuel Gas in a research note on Friday, July 14th. Scotiabank set a $58.00 target price on shares of National Fuel Gas and gave the stock a “hold” rating in a research note on Saturday, July 1st. ValuEngine lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. Finally, BidaskClub upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Six analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $58.33.
About National Fuel Gas
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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