Quantbot Technologies LP lifted its stake in National Fuel Gas Company (NYSE:NFG – Free Report) by 747.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,544 shares of the oil and gas producer’s stock after buying an additional 11,945 shares during the period. Quantbot Technologies LP’s holdings in National Fuel Gas were worth $1,251,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Anfield Capital Management LLC acquired a new position in National Fuel Gas in the 3rd quarter valued at approximately $2,295,000. Ibex Wealth Advisors increased its position in shares of National Fuel Gas by 1.3% during the third quarter. Ibex Wealth Advisors now owns 86,520 shares of the oil and gas producer’s stock valued at $7,992,000 after purchasing an additional 1,141 shares during the period. Aster Capital Management DIFC Ltd increased its position in shares of National Fuel Gas by 926.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 996 shares of the oil and gas producer’s stock valued at $92,000 after purchasing an additional 899 shares during the period. Generali Investments Management Co LLC acquired a new position in shares of National Fuel Gas in the third quarter valued at $187,000. Finally, R Squared Ltd bought a new position in National Fuel Gas in the third quarter worth $485,000. 73.96% of the stock is owned by institutional investors and hedge funds.
National Fuel Gas Stock Down 0.7%
NFG opened at $92.92 on Friday. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.65. The firm’s 50-day simple moving average is $84.21 and its 200-day simple moving average is $84.28. National Fuel Gas Company has a twelve month low of $69.93 and a twelve month high of $94.13.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on NFG shares. Zacks Research lowered shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Scotiabank set a $101.00 target price on shares of National Fuel Gas in a research note on Wednesday, January 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, National Fuel Gas has a consensus rating of “Hold” and an average target price of $96.33.
View Our Latest Analysis on NFG
About National Fuel Gas
National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.
In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.
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