National Fuel Gas (NFG) Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of National Fuel Gas (NYSE:NFG) by 34.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,425 shares of the oil and gas producer’s stock after purchasing an additional 1,392 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in National Fuel Gas were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NFG. MHI Funds LLC bought a new stake in National Fuel Gas in the 4th quarter worth approximately $113,000. Captrust Financial Advisors bought a new stake in National Fuel Gas in the 4th quarter worth approximately $126,000. Quadrature Capital Ltd bought a new stake in National Fuel Gas in the 4th quarter worth approximately $210,000. Taylor Hoffman Wealth Management bought a new stake in National Fuel Gas in the 4th quarter worth approximately $221,000. Finally, Community Bank N.A. increased its stake in National Fuel Gas by 160.4% in the 4th quarter. Community Bank N.A. now owns 4,166 shares of the oil and gas producer’s stock worth $229,000 after acquiring an additional 2,566 shares during the last quarter. 70.07% of the stock is currently owned by institutional investors.

NFG opened at $51.02 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.45 and a current ratio of 1.56. National Fuel Gas has a one year low of $48.31 and a one year high of $59.92. The stock has a market cap of $4.38 billion, a PE ratio of 15.23, a PEG ratio of 3.23 and a beta of 0.87.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, May 3rd. The oil and gas producer reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.05. National Fuel Gas had a return on equity of 16.12% and a net margin of 24.80%. The business had revenue of $540.90 million for the quarter, compared to analysts’ expectations of $569.43 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. equities research analysts anticipate that National Fuel Gas will post 3.29 EPS for the current year.

A number of research firms have issued reports on NFG. TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, May 3rd. ValuEngine downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Jefferies Group downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th. Zacks Investment Research downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of National Fuel Gas in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $59.60.

About National Fuel Gas

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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