Cobblestone Capital Advisors LLC NY bought a new position in shares of National Fuel Gas Co. (NYSE:NFG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,946 shares of the oil and gas producer’s stock, valued at approximately $366,000.
Several other hedge funds also recently made changes to their positions in NFG. Edge Wealth Management LLC bought a new stake in National Fuel Gas in the 1st quarter valued at about $27,000. Gemmer Asset Management LLC boosted its holdings in National Fuel Gas by 118.3% in the 1st quarter. Gemmer Asset Management LLC now owns 548 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 297 shares during the period. Farmers National Bank bought a new stake in National Fuel Gas in the 1st quarter valued at about $48,000. Advisory Alpha LLC bought a new stake in National Fuel Gas in the 1st quarter valued at about $50,000. Finally, CNB Bank boosted its holdings in National Fuel Gas by 332.4% in the 1st quarter. CNB Bank now owns 921 shares of the oil and gas producer’s stock valued at $56,000 after purchasing an additional 708 shares during the period. 73.61% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on NFG. ValuEngine downgraded 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 objective for the company in a report on Thursday, August 8th. Finally, TheStreet downgraded shares of National Fuel Gas from a “b” rating to a “c+” rating in a report on Friday, July 19th.Shares of NYSE:NFG traded up $0.38 during midday trading on Friday, hitting $46.97. The stock had a trading volume of 22,877 shares, compared to its average volume of 1,111,751. The company’s 50-day moving average price is $49.89 and its 200-day moving average price is $56.05. The company has a market capitalization of $4.08 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 4.77 and a beta of 0.80. The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 1.00. National Fuel Gas Co. has a fifty-two week low of $45.79 and a fifty-two week high of $61.71.
National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. The company had revenue of $357.20 million during the quarter, compared to analysts’ expectations of $400.88 million. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. The business’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 company earned $0.73 EPS. Research analysts expect that National Fuel Gas Co. will post 3.54 EPS for the current fiscal 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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