Swiss National Bank lifted its stake in shares of National Fuel Gas Co. (NYSE:NFG) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 131,100 shares of the oil and gas producer’s stock after buying an additional 3,100 shares during the period. Swiss National Bank’s holdings in National Fuel Gas were worth $7,199,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. MHI Funds LLC acquired a new stake in shares of National Fuel Gas during the 4th quarter worth approximately $113,000. Cable Hill Partners LLC acquired a new stake in shares of National Fuel Gas during the 3rd quarter worth approximately $119,000. Oakbrook Investments LLC acquired a new stake in shares of National Fuel Gas during the 3rd quarter worth approximately $201,000. IFC Holdings Incorporated FL acquired a new stake in shares of National Fuel Gas during the 3rd quarter worth approximately $206,000. Finally, Brown Advisory Inc. acquired a new stake in shares of National Fuel Gas during the 3rd quarter worth approximately $208,000. Institutional investors and hedge funds own 71.10% of the company’s stock.
Shares of National Fuel Gas Co. (NFG) opened at $50.70 on Friday. 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 capitalization of $4,268.64, a P/E ratio of 11.12, a P/E/G ratio of 4.84 and a beta of 0.88.
National Fuel Gas (NYSE:NFG) last posted its 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 return on equity of 16.36% and a net margin of 24.93%. The firm had revenue of $419.66 million for the quarter, compared to analysts’ expectations of $453.61 million. During the same period last year, the firm earned $1.04 EPS. The firm’s revenue was down .7% compared to the same quarter last year. equities analysts anticipate that National Fuel Gas Co. will post 3.32 earnings per share for the current year.
A number of analysts have recently weighed in on the company. Scotiabank set a $61.00 price target on National Fuel Gas and gave the stock a “hold” rating in a research report on Saturday, November 25th. Zacks Investment Research cut National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. TheStreet cut National Fuel Gas from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Sidoti upgraded National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, January 2nd. Finally, Jefferies Group reiterated a “hold” rating and set a $58.00 price target on shares of National Fuel Gas in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.00.
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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