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Allianz Asset Management GmbH Boosts Holdings in National Fuel Gas Co. (NYSE:NFG)

By August 31, 2019 No Comments

Allianz Asset Management GmbH increased its stake in shares of National Fuel Gas Co. (NYSE:NFG) by 54.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 495,383 shares of the oil and gas producer’s stock after buying an additional 173,958 shares during the period. Allianz Asset Management GmbH owned about 0.57% of National Fuel Gas worth $26,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of National Fuel Gas by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 476,116 shares of the oil and gas producer’s stock valued at $24,367,000 after purchasing an additional 25,135 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of National Fuel Gas by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock valued at $44,823,000 after purchasing an additional 31,628 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of National Fuel Gas by 613.0% in the first quarter. BNP Paribas Arbitrage SA now owns 23,294 shares of the oil and gas producer’s stock valued at $1,420,000 after purchasing an additional 20,027 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of National Fuel Gas by 38.0% in the first quarter. Bank of Montreal Can now owns 6,533 shares of the oil and gas producer’s stock valued at $399,000 after purchasing an additional 1,799 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of National Fuel Gas by 593.9% in the first quarter. Quadrant Capital Group LLC now owns 1,242 shares of the oil and gas producer’s stock valued at $72,000 after purchasing an additional 1,063 shares in the last quarter. Institutional investors and hedge funds own 76.46% of the company’s stock.

A number of analysts recently weighed in on the stock. ValuEngine lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Thursday, July 18th. 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 report on Thursday, August 8th. Finally, TheStreet lowered shares of National Fuel Gas from a “b” rating to a “c+” rating in a report on Friday, July 19th.

Shares of NFG stock opened at $46.74 on Friday. National Fuel Gas Co. has a 52-week low of $45.47 and a 52-week high of $61.71. The stock has a market cap of $4.03 billion, a PE ratio of 13.99, a PEG ratio of 4.62 and a beta of 0.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 1.02. The firm’s 50 day moving average price is $47.86 and its two-hundred day moving average price is $55.22.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. The firm had revenue of $357.20 million for the quarter, compared to analysts’ expectations of $400.88 million. During the same period last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts predict that National Fuel Gas Co. will post 3.54 earnings per share for the current fiscal year.

National Fuel Gas Company 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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