Patriot Financial Group Insurance Agency LLC acquired a new position in shares of National Fuel Gas Company (NYSE:NFG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,511 shares of the oil and gas producer’s stock, valued at approximately $250,000.

A number of other large investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Fuel Gas by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock worth $161,000 after buying an additional 445 shares during the period. Fifth Third Bancorp increased its stake in shares of National Fuel Gas by 87.3% in the first quarter. Fifth Third Bancorp now owns 2,841 shares of the oil and gas producer’s stock worth $169,000 after buying an additional 1,324 shares during the period. Karpas Strategies LLC bought a new stake in shares of National Fuel Gas during the first quarter worth about $203,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of National Fuel Gas during the first quarter worth about $209,000. Finally, Cadence Capital Management LLC bought a new stake in shares of National Fuel Gas during the second quarter worth about $209,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Shares of National Fuel Gas Company (NYSE NFG) traded down 0.374% during midday trading on Tuesday, reaching $57.195. The company’s stock had a trading volume of 16,619 shares. The stock’s 50 day moving average price is $58.12 and its 200 day moving average price is $57.75. National Fuel Gas Company has a one year low of $50.61 and a one year high of $61.25. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 17.812 and a beta of 0.97.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The firm had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. During the same quarter last year, the business earned $0.68 earnings per share. Analysts predict that National Fuel Gas Company will post $3.30 earnings per share for the current year.

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NFG has been the topic of a number of recent research reports. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a research report on Friday, June 16th. BidaskClub upgraded National Fuel Gas from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Scotiabank set a $60.00 price objective on National Fuel Gas and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Jefferies Group LLC restated a “hold” rating and set a $52.00 price objective on shares of National Fuel Gas in a research report on Friday, July 14th. Finally, ValuEngine downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating, National Fuel Gas presently has an average rating of “Hold” and a consensus target price of $59.00.

About National Fuel Gas

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

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

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