American Century Companies Inc. reduced its position in shares of National Fuel Gas Co. (NYSE:NFG) by 62.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 280,503 shares of the oil and gas producer’s stock after selling 457,253 shares during the quarter. American Century Companies Inc. owned about 0.33% of National Fuel Gas worth $15,402,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in NFG. FMR LLC raised its holdings in National Fuel Gas by 3.7% during the 2nd quarter. FMR LLC now owns 207,740 shares of the oil and gas producer’s stock worth $11,600,000 after purchasing an additional 7,329 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in National Fuel Gas by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 408,289 shares of the oil and gas producer’s stock worth $22,799,000 after purchasing an additional 16,708 shares during the last quarter. Janus Henderson Group PLC bought a new stake in National Fuel Gas during the 2nd quarter worth about $749,000. Gotham Asset Management LLC bought a new stake in National Fuel Gas during the 2nd quarter worth about $360,000. Finally, The Manufacturers Life Insurance Company raised its holdings in National Fuel Gas by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 125,567 shares of the oil and gas producer’s stock worth $7,011,000 after purchasing an additional 2,221 shares during the last quarter. 70.85% of the stock is owned by hedge funds and other institutional investors.
Shares of National Fuel Gas Co. (NYSE NFG) opened at $50.05 on Friday. 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 $4,290.00, a PE ratio of 8.56, a PEG ratio of 4.82 and a beta of 0.88. National Fuel Gas Co. has a 52 week low of $48.31 and a 52 week high of $61.25.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.21. The company had revenue of $419.66 million during the quarter, compared to analysts’ expectations of $453.61 million. National Fuel Gas had a return on equity of 16.36% and a net margin of 24.93%. National Fuel Gas’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. sell-side analysts predict that National Fuel Gas Co. will post 3.32 earnings per share for the current year.
A number of brokerages have recently commented on NFG. Zacks Investment Research raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. TheStreet raised National Fuel Gas from a “c” rating to a “b-” rating in a research note on Friday, February 2nd. Sidoti raised National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, January 2nd. Scotiabank reaffirmed a “hold” rating and issued a $60.00 price target on shares of National Fuel Gas in a research note on Friday, November 3rd. Finally, Jefferies Group raised National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $61.00.
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National Fuel Gas Company 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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