Rhumbline Advisers Purchases 13,133 Shares of National Fuel Gas Co. (NFG)

Rhumbline Advisers grew its position in shares of National Fuel Gas Co. (NYSE:NFG) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,486 shares of the oil and gas producer’s stock after acquiring an additional 13,133 shares during the quarter. Rhumbline Advisers owned about 0.20% of National Fuel Gas worth $9,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in National Fuel Gas by 5.4% during the second quarter. Vanguard Group Inc. now owns 8,434,192 shares of the oil and gas producer’s stock worth $470,966,000 after buying an additional 428,370 shares in the last quarter. State Street Corp grew its holdings in National Fuel Gas by 1.7% during the second quarter. State Street Corp now owns 5,838,831 shares of the oil and gas producer’s stock worth $326,039,000 after buying an additional 98,720 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in National Fuel Gas by 5.6% during the second quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock worth $234,778,000 after buying an additional 222,965 shares in the last quarter. Gabelli Funds LLC grew its holdings in National Fuel Gas by 1.0% during the second quarter. Gabelli Funds LLC now owns 3,371,799 shares of the oil and gas producer’s stock worth $188,281,000 after buying an additional 34,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in National Fuel Gas by 2.1% during the second quarter. Gamco Investors INC. ET AL now owns 3,090,510 shares of the oil and gas producer’s stock worth $172,574,000 after buying an additional 62,375 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

National Fuel Gas Co. (NFG) traded down $0.09 during mid-day trading on Monday, reaching $57.47. The company’s stock had a trading volume of 84,200 shares, compared to its average volume of 467,994. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.16 and a current ratio of 1.27. National Fuel Gas Co. has a twelve month low of $53.03 and a twelve month high of $61.25. The stock has a market capitalization of $4,918.40, a PE ratio of 17.42, a P/E/G ratio of 9.73 and a beta of 0.95.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The business had revenue of $286.94 million for the quarter, compared to analysts’ expectations of $325.81 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. equities research analysts forecast that National Fuel Gas Co. will post 2.95 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. Scotiabank set a $61.00 price target on National Fuel Gas and gave the stock a “hold” rating in a report on Saturday. BidaskClub downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Sidoti assumed coverage on National Fuel Gas in a report on Thursday, October 12th. They set a “neutral” rating and a $65.00 price target for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $54.00 price target on shares of National Fuel Gas in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $60.00.

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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.

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

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