National Fuel Gas Company (NFG) Position Increased by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of National Fuel Gas Company (NYSE:NFG) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,700 shares of the oil and gas producer’s stock after buying an additional 300 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in National Fuel Gas were worth $318,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Fifth Third Bancorp increased its stake in shares of National Fuel Gas by 87.3% in the first quarter. Fifth Third Bancorp now owns 2,841 shares of the oil and gas producer’s stock valued at $169,000 after buying an additional 1,324 shares during the period. Karpas Strategies LLC purchased a new stake in shares of National Fuel Gas during the first quarter valued at $203,000. IFC Holdings Incorporated FL purchased a new stake in shares of National Fuel Gas during the first quarter valued at $205,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of National Fuel Gas during the first quarter valued at $209,000. Finally, Meadow Creek Investment Management LLC increased its stake in shares of National Fuel Gas by 43.6% in the first quarter. Meadow Creek Investment Management LLC now owns 3,792 shares of the oil and gas producer’s stock valued at $226,000 after buying an additional 1,152 shares during the period. Institutional investors own 69.37% of the company’s stock.

Shares of National Fuel Gas Company (NYSE NFG) opened at 58.60 on Friday. The firm has a 50-day moving average of $57.85 and a 200 day moving average of $57.70. The firm has a market capitalization of $5.01 billion, a P/E ratio of 18.25 and a beta of 0.97. National Fuel Gas Company has a 52 week low of $50.61 and a 52 week high of $61.25.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, hitting the 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 during the quarter, compared to analysts’ expectations of $373.86 million. During the same quarter in the previous year, the business posted $0.68 EPS. On average, equities research analysts expect that National Fuel Gas Company will post $3.27 EPS for the current fiscal year.

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Several brokerages have weighed in on NFG. ValuEngine downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. BidaskClub upgraded shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and issued a $52.00 target price on shares of National Fuel Gas in a research note on Friday, July 14th. Finally, Scotiabank set a $58.00 target price on shares of National Fuel Gas and gave the company a “hold” rating in a research note on Saturday, July 1st. Six research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $58.33.

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.

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

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