Industry News

National Fuel Gas Co. (NYSE:NFG) Stock Holdings Trimmed by LS Investment Advisors LLC

By September 8, 2019 No Comments

LS Investment Advisors LLC lowered its stake in National Fuel Gas Co. (NYSE:NFG) by 6.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,319 shares of the oil and gas producer’s stock after selling 340 shares during the quarter. LS Investment Advisors LLC’s holdings in National Fuel Gas were worth $281,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. LSV Asset Management grew its stake in shares of National Fuel Gas by 185.3% in the first quarter. LSV Asset Management now owns 1,459,779 shares of the oil and gas producer’s stock valued at $88,988,000 after buying an additional 948,120 shares in the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 31,628 shares in the last quarter. First Trust Advisors LP grew its stake in shares of National Fuel Gas by 73.4% in the second quarter. First Trust Advisors LP now owns 701,007 shares of the oil and gas producer’s stock valued at $36,978,000 after buying an additional 296,836 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 buying an additional 25,135 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of National Fuel Gas by 15.7% in the second quarter. WINTON GROUP Ltd now owns 416,372 shares of the oil and gas producer’s stock valued at $21,964,000 after buying an additional 56,435 shares in the last quarter. Institutional investors and hedge funds own 76.46% of the company’s stock.

Shares of NYSE NFG opened at $47.00 on Friday. National Fuel Gas Co. has a fifty-two week low of $45.47 and a fifty-two week high of $61.71. The business has a 50 day moving average price of $47.17 and a two-hundred day moving average price of $54.81. The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 1.00. The firm has a market cap of $4.10 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 4.80 and a beta of 0.76.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. National Fuel Gas had a return on equity of 14.53% and a net margin of 17.46%. The firm had revenue of $357.20 million during the quarter, compared to analyst estimates of $400.88 million. During the same quarter last year, the firm earned $0.73 EPS. National Fuel Gas’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that National Fuel Gas Co. will post 3.53 earnings per share for the current year.

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

About National Fuel Gas

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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