National Fuel Gas (NFG) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. raised its holdings in National Fuel Gas (NYSE:NFG) by 116.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 534,894 shares of the oil and gas producer’s stock after acquiring an additional 287,390 shares during the period. Prudential Financial Inc. owned about 0.62% of National Fuel Gas worth $27,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Montag A & Associates Inc. acquired a new position in National Fuel Gas in the fourth quarter valued at about $247,000. Taylor Hoffman Wealth Management bought a new stake in shares of National Fuel Gas in the fourth quarter valued at about $221,000. Swiss National Bank lifted its holdings in shares of National Fuel Gas by 2.4% in the fourth quarter. Swiss National Bank now owns 131,100 shares of the oil and gas producer’s stock valued at $7,199,000 after purchasing an additional 3,100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of National Fuel Gas by 4.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,269,811 shares of the oil and gas producer’s stock valued at $69,725,000 after purchasing an additional 59,826 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of National Fuel Gas by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 194,623 shares of the oil and gas producer’s stock valued at $10,687,000 after purchasing an additional 1,071 shares in the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on NFG. TheStreet lowered National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, May 3rd. Jefferies Group lowered National Fuel Gas from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. ValuEngine lowered National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered National Fuel Gas from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, Citigroup restated a “neutral” rating and issued a $54.00 price target on shares of National Fuel Gas in a report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.60.

Shares of National Fuel Gas opened at $51.38 on Friday, Marketbeat.com reports. National Fuel Gas has a one year low of $51.29 and a one year high of $51.59. The stock has a market capitalization of $4.43 billion, a PE ratio of 15.38, a PEG ratio of 3.26 and a beta of 0.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.45 and a current ratio of 1.56.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, May 3rd. The oil and gas producer reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. National Fuel Gas had a return on equity of 16.12% and a net margin of 24.80%. The business had revenue of $540.90 million for the quarter, compared to analyst estimates of $569.43 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. National Fuel Gas’s revenue was up 3.6% on a year-over-year basis. analysts predict that National Fuel Gas will post 3.29 earnings per share for the current fiscal year.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States.

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

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