Oppenheimer & Co. Inc. cut its stake in National Fuel Gas Co. (NYSE:NFG) by 44.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,020 shares of the oil and gas producer’s stock after selling 4,000 shares during the period. Oppenheimer & Co. Inc.’s holdings in National Fuel Gas were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. LSV Asset Management raised its position in shares of National Fuel Gas by 95.4% during the 2nd quarter. LSV Asset Management now owns 2,852,626 shares of the oil and gas producer’s stock worth $150,476,000 after purchasing an additional 1,392,847 shares during the last quarter. Geode Capital Management LLC grew its stake in National Fuel Gas by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock worth $44,823,000 after buying an additional 31,628 shares in the last quarter. First Trust Advisors LP grew its stake in National Fuel Gas by 73.4% during the second quarter. First Trust Advisors LP now owns 701,007 shares of the oil and gas producer’s stock worth $36,978,000 after buying an additional 296,836 shares in the last quarter. Allianz Asset Management GmbH grew its stake in National Fuel Gas by 54.1% during the second quarter. Allianz Asset Management GmbH now owns 495,383 shares of the oil and gas producer’s stock worth $26,132,000 after buying an additional 173,958 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in National Fuel Gas by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 476,116 shares of the oil and gas producer’s stock worth $24,367,000 after buying an additional 25,135 shares in the last quarter. Institutional investors and hedge funds own 73.27% of the company’s stock.

A number of brokerages have issued reports on NFG. TheStreet downgraded shares of National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th. ValuEngine downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Finally, Zacks Investment Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price target for the company in a research report on Thursday, August 8th.

NYSE:NFG traded up $0.22 during trading hours on Friday, hitting $48.96. 5,742 shares of the company traded hands, compared to its average volume of 509,202. The company has a market cap of $4.25 billion, a PE ratio of 14.62, a PEG ratio of 4.99 and a beta of 0.76. National Fuel Gas Co. has a one year low of $45.47 and a one year high of $61.71. The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 1.00. The firm’s 50-day simple moving average is $47.14 and its 200-day simple moving average is $54.53.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. The company had revenue of $357.20 million for the quarter, compared to analysts’ expectations of $400.88 million. National Fuel Gas had a return on equity of 14.53% and a net margin of 17.46%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. As a group, equities research analysts expect that National Fuel Gas Co. will post 3.53 EPS for the current year.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through 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 in California and in the Appalachian region of the United States.

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

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