Pacer Advisors Inc. purchased a new position in shares of National Fuel Gas Co. (NYSE:NFG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,324 shares of the oil and gas producer’s stock, valued at approximately $1,811,000.

Other large investors have also recently added to or reduced their stakes in the company. Farmers National Bank purchased a new stake in shares of National Fuel Gas in the 1st quarter valued at $48,000. Advisory Alpha LLC acquired a new position in National Fuel Gas in the 1st quarter valued at about $50,000. FinTrust Capital Advisors LLC acquired a new position in National Fuel Gas in the 2nd quarter valued at about $53,000. Steward Partners Investment Advisory LLC purchased a new stake in National Fuel Gas during the second quarter worth about $69,000. Finally, Trust Co. of Vermont increased its stake in National Fuel Gas by 62.8% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the oil and gas producer’s stock worth $96,000 after purchasing an additional 700 shares during the period. Institutional investors own 73.27% of the company’s stock.

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

NFG stock traded up $0.20 during mid-day trading on Wednesday, reaching $49.47. The company had a trading volume of 17,925 shares, compared to its average volume of 520,633. The firm has a fifty day simple moving average of $47.11 and a 200 day simple moving average of $54.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 1.02. National Fuel Gas Co. has a fifty-two week low of $45.47 and a fifty-two week high of $61.71. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 4.88 and a beta of 0.76.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $357.20 million during the quarter, compared to the consensus estimate of $400.88 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts predict that National Fuel Gas Co. will post 3.53 earnings per share for the current year.

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

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