Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of National Fuel Gas Co. (NYSE:NFG) by 40.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,033 shares of the oil and gas producer’s stock after acquiring an additional 1,155 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in National Fuel Gas were worth $221,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. MHI Funds LLC acquired a new stake in National Fuel Gas during the 4th quarter worth about $113,000. Cable Hill Partners LLC purchased a new position in shares of National Fuel Gas during the 3rd quarter valued at about $119,000. Oakbrook Investments LLC purchased a new position in shares of National Fuel Gas during the 3rd quarter valued at about $201,000. IFC Holdings Incorporated FL purchased a new position in shares of National Fuel Gas during the 3rd quarter valued at about $206,000. Finally, Brown Advisory Inc. purchased a new position in shares of National Fuel Gas during the 3rd quarter valued at about $208,000. 71.10% of the stock is owned by institutional investors.
National Fuel Gas Co. (NFG) opened at $49.43 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. National Fuel Gas Co. has a 52 week low of $48.31 and a 52 week high of $61.25. The firm has a market capitalization of $4,259.20, a PE ratio of 15.13, a P/E/G ratio of 4.83 and a beta of 0.88.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $453.61 million. During the same quarter in the previous year, the business earned $1.04 EPS. National Fuel Gas’s revenue for the quarter was down .7% compared to the same quarter last year. research analysts forecast that National Fuel Gas Co. will post 3.32 earnings per share for the current year.
A number of equities analysts have weighed in on NFG shares. Scotiabank reiterated a “hold” rating and set a $60.00 price objective on shares of National Fuel Gas in a research note on Friday, November 3rd. TheStreet lowered National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Zacks Investment Research lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group reiterated a “hold” rating and set a $58.00 price objective on shares of National Fuel Gas in a research note on Wednesday, December 20th. Finally, Sidoti upgraded National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. National Fuel Gas presently has a consensus rating of “Buy” and a consensus target price of $61.00.
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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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