Neuburgh Advisers LLC raised its holdings in shares of National Fuel Gas Co. (NYSE:NFG) by 124.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,388 shares of the oil and gas producer’s stock after buying an additional 26,312 shares during the period. Neuburgh Advisers LLC’s holdings in National Fuel Gas were worth $2,889,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. JOYN Advisors Inc. boosted its stake in National Fuel Gas by 89.5% in the 4th quarter. JOYN Advisors Inc. now owns 487 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 230 shares during the period. JNBA Financial Advisors acquired a new position in National Fuel Gas in the 4th quarter worth approximately $26,000. Edge Wealth Management LLC acquired a new position in National Fuel Gas in the 1st quarter worth approximately $27,000. Rockefeller Capital Management L.P. acquired a new position in National Fuel Gas in the 1st quarter worth approximately $28,000. Finally, Gemmer Asset Management LLC boosted its stake 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 worth $33,000 after purchasing an additional 297 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.
In other National Fuel Gas news, insider John P. Mcginnis sold 2,357 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $60.14, for a total value of $141,749.98. Following the completion of the sale, the insider now owns 20,000 shares in the company, valued at approximately $1,202,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.
NFG stock traded up $0.20 during midday trading on Thursday, reaching $53.53. The company had a trading volume of 2,487 shares, compared to its average volume of 548,454. National Fuel Gas Co. has a 1 year low of $49.60 and a 1 year high of $61.71. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 5.39 and a beta of 0.89.
National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.08). National Fuel Gas had a return on equity of 14.99% and a net margin of 17.57%. The company had revenue of $552.54 million during the quarter, compared to analysts’ expectations of $602.15 million. During the same quarter in the previous year, the company earned $1.11 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that National Fuel Gas Co. will post 3.51 EPS for the current year.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Thursday, May 23rd. US Capital Advisors lowered shares of National Fuel Gas from an “overweight” rating to a “hold” rating in a research note on Monday, March 18th.
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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