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Envestnet Asset Management Inc. Has $2.60 Million Stake in National Fuel Gas Co. (NYSE:NFG)

By September 8, 2019 No Comments

Envestnet Asset Management Inc. decreased its stake in shares of National Fuel Gas Co. (NYSE:NFG) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,186 shares of the oil and gas producer’s stock after selling 4,742 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of National Fuel Gas worth $2,595,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Farmers National Bank acquired a new stake in National Fuel Gas in the first quarter valued at $48,000. Advisory Alpha LLC acquired a new stake in National Fuel Gas in the first quarter valued at $50,000. FinTrust Capital Advisors LLC acquired a new stake in National Fuel Gas in the second quarter valued at $53,000. Steward Partners Investment Advisory LLC acquired a new stake in National Fuel Gas in the second quarter valued at $69,000. Finally, Quadrant Capital Group LLC lifted its stake in 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 acquiring an additional 1,063 shares during the last quarter. 76.46% of the stock is owned by institutional investors.

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

NFG stock traded down $0.46 during mid-day trading on Friday, hitting $47.00. The stock had a trading volume of 400,629 shares, compared to its average volume of 526,383. The firm has a market capitalization of $4.10 billion, a P/E ratio of 14.00, a P/E/G ratio of 4.80 and a beta of 0.76. The company has a current ratio of 1.02, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $47.17 and a 200 day simple moving average of $54.81. National Fuel Gas Co. has a 52 week low of $45.47 and a 52 week high of $61.71.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, beating 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%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. As a group, equities analysts expect that National Fuel Gas Co. will post 3.53 earnings per share 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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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