National Fuel Gas Company (NFG) Holdings Trimmed by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in National Fuel Gas Company (NYSE:NFG) by 27.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,459 shares of the oil and gas producer’s stock after selling 5,024 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in National Fuel Gas were worth $752,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in National Fuel Gas by 10.2% in the 1st quarter. Vanguard Group Inc. now owns 8,005,822 shares of the oil and gas producer’s stock worth $477,307,000 after buying an additional 742,945 shares during the last quarter. BlackRock Inc. raised its position in National Fuel Gas by 4,550.5% in the 1st quarter. BlackRock Inc. now owns 7,105,090 shares of the oil and gas producer’s stock worth $423,608,000 after buying an additional 6,952,310 shares during the last quarter. State Street Corp raised its position in National Fuel Gas by 11.2% in the 1st quarter. State Street Corp now owns 5,740,111 shares of the oil and gas producer’s stock worth $342,227,000 after buying an additional 575,876 shares during the last quarter. JPMorgan Chase & Co. raised its position in National Fuel Gas by 0.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,981,504 shares of the oil and gas producer’s stock worth $237,377,000 after buying an additional 19,337 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in National Fuel Gas by 1.0% in the 2nd 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 during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on NFG shares. ValuEngine lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. TheStreet raised National Fuel Gas from a “c+” rating to a “b” rating in a research report on Friday, June 16th. Scotiabank set a $58.00 target price on National Fuel Gas and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $52.00 target price on shares of National Fuel Gas in a research report on Friday, July 14th. Six analysts have rated the stock with a hold rating, National Fuel Gas currently has a consensus rating of “Hold” and a consensus target price of $59.67.

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Shares of National Fuel Gas Company (NYSE NFG) opened at 58.63 on Tuesday. National Fuel Gas Company has a 52-week low of $50.61 and a 52-week high of $61.25. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 18.26 and a beta of 0.98. The stock’s 50 day moving average is $58.48 and its 200 day moving average is $57.62.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The firm had revenue of $348.37 million during the quarter, compared to the consensus estimate of $373.86 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, equities analysts predict that National Fuel Gas Company will post $3.33 EPS for the current fiscal year.

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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