Rhumbline Advisers Decreases Holdings in National Fuel Gas (NFG)

Rhumbline Advisers lowered its position in shares of National Fuel Gas (NYSE:NFG) by 2.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,381 shares of the oil and gas producer’s stock after selling 3,379 shares during the period. Rhumbline Advisers owned approximately 0.18% of National Fuel Gas worth $8,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Montag A & Associates Inc. acquired a new stake in shares of National Fuel Gas during the 4th quarter worth approximately $247,000. Taylor Hoffman Wealth Management acquired a new stake in shares of National Fuel Gas during the 4th quarter worth approximately $221,000. Swiss National Bank increased its holdings in shares of National Fuel Gas by 2.4% during the 4th quarter. Swiss National Bank now owns 131,100 shares of the oil and gas producer’s stock worth $7,199,000 after buying an additional 3,100 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of National Fuel Gas by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,269,811 shares of the oil and gas producer’s stock worth $69,725,000 after buying an additional 59,826 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of National Fuel Gas by 0.6% during the 4th quarter. California Public Employees Retirement System now owns 194,623 shares of the oil and gas producer’s stock worth $10,687,000 after buying an additional 1,071 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

National Fuel Gas opened at $51.38 on Friday, Marketbeat Ratings reports. National Fuel Gas has a fifty-two week low of $51.29 and a fifty-two week high of $51.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.56 and a quick ratio of 1.45. The company has a market capitalization of $4.41 billion, a P/E ratio of 15.57, a P/E/G ratio of 3.25 and a beta of 0.87.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, May 3rd. The oil and gas producer reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.05. National Fuel Gas had a net margin of 24.80% and a return on equity of 16.12%. The firm had revenue of $540.90 million during the quarter, compared to the consensus estimate of $569.43 million. During the same quarter last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. sell-side analysts expect that National Fuel Gas will post 3.29 EPS for the current year.

A number of brokerages have recently issued reports on NFG. ValuEngine downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Jefferies Group upgraded shares of National Fuel Gas from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Zacks Investment Research downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. TheStreet downgraded shares of National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, May 3rd. Finally, Citigroup restated a “neutral” rating and set a $54.00 price target on shares of National Fuel Gas in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $59.60.

National Fuel Gas 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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Rhumbline Advisers Decreases Holdings in National Fuel Gas
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