American National Registered Investment Advisor Inc. cut its stake in National Fuel Gas Co. (NYSE:NFG) by 41.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,100 shares of the oil and gas producer’s stock after selling 5,700 shares during the quarter. American National Registered Investment Advisor Inc.’s holdings in National Fuel Gas were worth $454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NFG. Copper Rock Capital Partners LLC bought a new stake in National Fuel Gas in the third quarter worth $23,971,000. Victory Capital Management Inc. bought a new stake in National Fuel Gas in the third quarter worth $19,197,000. Bank of America Corp DE lifted its position in National Fuel Gas by 76.9% in the second quarter. Bank of America Corp DE now owns 666,903 shares of the oil and gas producer’s stock worth $35,319,000 after buying an additional 289,998 shares during the last quarter. Renaissance Technologies LLC lifted its position in National Fuel Gas by 262.0% in the second quarter. Renaissance Technologies LLC now owns 388,100 shares of the oil and gas producer’s stock worth $20,554,000 after buying an additional 280,900 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in National Fuel Gas by 2,198.1% in the second quarter. Canada Pension Plan Investment Board now owns 267,542 shares of the oil and gas producer’s stock worth $14,169,000 after buying an additional 255,900 shares during the last quarter. Institutional investors own 71.95% of the company’s stock.

NFG has been the subject of a number of analyst reports. Zacks Investment Research upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. Finally, ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. National Fuel Gas presently has an average rating of “Hold” and a consensus target price of $61.60.

NYSE:NFG opened at $52.28 on Friday. National Fuel Gas Co. has a twelve month low of $48.31 and a twelve month high of $59.90. The firm has a market cap of $4.64 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.27 and a beta of 0.75. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 1.10.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). National Fuel Gas had a return on equity of 15.11% and a net margin of 24.58%. The business had revenue of $289.20 million for the quarter, compared to the consensus estimate of $316.56 million. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts anticipate that National Fuel Gas Co. will post 3.44 earnings per share for the current year.

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National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California 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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