Estabrook Capital Management continued to hold its stake in shares of National Fuel Gas Company (NYSE:NFG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,050 shares of the oil and gas producer’s stock at the end of the second quarter. Estabrook Capital Management’s holdings in National Fuel Gas were worth $170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SRS Capital Advisors Inc. increased its stake in National Fuel Gas by 0.7% during the first quarter. SRS Capital Advisors Inc. now owns 4,831 shares of the oil and gas producer’s stock valued at $288,000 after acquiring an additional 33 shares during the period. World Asset Management Inc grew its stake in shares of National Fuel Gas by 1.0% in the 1st quarter. World Asset Management Inc now owns 5,642 shares of the oil and gas producer’s stock valued at $336,000 after purchasing an additional 56 shares during the period. Baird Financial Group Inc. grew its stake in shares of National Fuel Gas by 0.6% in the 1st quarter. Baird Financial Group Inc. now owns 21,587 shares of the oil and gas producer’s stock valued at $1,287,000 after purchasing an additional 135 shares during the period. Advisors Asset Management Inc. grew its stake in shares of National Fuel Gas by 1.4% in the 1st quarter. Advisors Asset Management Inc. now owns 10,324 shares of the oil and gas producer’s stock valued at $616,000 after purchasing an additional 146 shares during the period. Finally, Commerce Bank grew its stake in shares of National Fuel Gas by 4.1% in the 1st quarter. Commerce Bank now owns 4,262 shares of the oil and gas producer’s stock valued at $254,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

National Fuel Gas Company (NYSE NFG) traded down 1.13% during midday trading on Friday, hitting $58.00. The stock had a trading volume of 228,180 shares. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 18.06 and a beta of 0.98. The company’s 50 day moving average is $58.49 and its 200 day moving average is $57.67. National Fuel Gas Company has a 1-year low of $50.61 and a 1-year high of $61.25.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The company had revenue of $348.37 million for the quarter, compared to analysts’ expectations of $373.86 million. During the same period last year, the firm earned $0.68 earnings per share. On average, equities analysts anticipate that National Fuel Gas Company will post $3.33 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on NFG. BidaskClub upgraded National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $54.00 price objective (up from $52.00) on shares of National Fuel Gas in a research note on Friday, September 1st. Scotiabank set a $60.00 price objective on National Fuel Gas and gave the company a “hold” rating in a research note on Tuesday, August 22nd. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. Finally, ValuEngine lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six research analysts have rated the stock with a hold rating, National Fuel Gas currently has an average rating of “Hold” and a consensus target price of $59.67.

National Fuel Gas Company Profile

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.

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

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