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Allianz Asset Management GmbH Has $26.13 Million Stake 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% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 495,383 shares of the oil and gas producer’s stock after acquiring an additional 173,958 shares during the period. Allianz Asset Management GmbH’s holdings in National Fuel Gas were worth $26,132,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in National Fuel Gas by 10.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,883 shares of the oil and gas producer’s stock valued at $115,000 after buying an additional 182 shares during the last quarter. 6 Meridian increased its stake in National Fuel Gas by 2.4% in the 2nd quarter. 6 Meridian now owns 8,771 shares of the oil and gas producer’s stock valued at $463,000 after buying an additional 207 shares during the last quarter. Arizona State Retirement System increased its stake in National Fuel Gas by 0.4% in the 1st quarter. Arizona State Retirement System now owns 61,953 shares of the oil and gas producer’s stock valued at $3,777,000 after buying an additional 253 shares during the last quarter. First Republic Investment Management Inc. increased its stake in National Fuel Gas by 4.9% in the 1st quarter. First Republic Investment Management Inc. now owns 5,577 shares of the oil and gas producer’s stock valued at $340,000 after buying an additional 262 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in National Fuel Gas by 1.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,950 shares of the oil and gas producer’s stock valued at $841,000 after buying an additional 280 shares during the last quarter. Institutional investors and hedge funds own 76.46% of the company’s stock.

Several equities research analysts have issued reports on the stock. TheStreet lowered shares of National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th. ValuEngine lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. Finally, Zacks Investment Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research note on Thursday, August 8th.

National Fuel Gas stock opened at $46.74 on Friday. The firm has a market capitalization of $4.03 billion, a PE ratio of 13.99, a P/E/G ratio of 4.62 and a beta of 0.80. The company’s 50-day moving average is $47.86 and its 200-day moving average is $55.22. National Fuel Gas Co. has a fifty-two week low of $45.47 and a fifty-two week high of $61.71. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.02 and a quick ratio of 0.88.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. The company had revenue of $357.20 million for the quarter, compared to analyst estimates of $400.88 million. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. National Fuel Gas’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 earned $0.73 EPS. As a group, analysts expect that National Fuel Gas Co. will post 3.54 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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