LS Investment Advisors LLC Has $379,000 Position in National Fuel Gas Company (NFG)

LS Investment Advisors LLC increased its position in National Fuel Gas Company (NYSE:NFG) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,784 shares of the oil and gas producer’s stock after buying an additional 1,091 shares during the period. LS Investment Advisors LLC’s holdings in National Fuel Gas were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NFG. BlackRock Inc. increased its position in National Fuel Gas by 4,550.5% in the first quarter. BlackRock Inc. now owns 7,105,090 shares of the oil and gas producer’s stock worth $423,608,000 after buying an additional 6,952,310 shares during the last quarter. American Century Companies Inc. increased its position in shares of National Fuel Gas by 487.6% in the first quarter. American Century Companies Inc. now owns 1,000,873 shares of the oil and gas producer’s stock worth $59,672,000 after buying an additional 830,547 shares in the last quarter. Vanguard Group Inc. increased its position in shares of National Fuel Gas by 10.2% in the first quarter. Vanguard Group Inc. now owns 8,005,822 shares of the oil and gas producer’s stock worth $477,307,000 after buying an additional 742,945 shares in the last quarter. State Street Corp increased its position in shares of National Fuel Gas by 11.2% in the first quarter. State Street Corp now owns 5,740,111 shares of the oil and gas producer’s stock worth $342,227,000 after buying an additional 575,876 shares in the last quarter. Finally, River Road Asset Management LLC increased its position in shares of National Fuel Gas by 15.7% in the first quarter. River Road Asset Management LLC now owns 1,807,807 shares of the oil and gas producer’s stock worth $107,781,000 after buying an additional 245,705 shares in the last quarter. 69.37% of the stock is owned by institutional investors.

Shares of National Fuel Gas Company (NYSE NFG) opened at 58.11 on Friday. National Fuel Gas Company has a 12 month low of $50.61 and a 12 month high of $61.25. The company has a market capitalization of $4.97 billion, a P/E ratio of 18.10 and a beta of 0.97. The stock’s 50 day moving average is $57.91 and its 200 day moving average is $57.72.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data 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 business had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. During the same period in the previous year, the firm earned $0.68 EPS. On average, equities analysts predict that National Fuel Gas Company will post $3.27 EPS for the current fiscal year.

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A number of equities analysts have weighed in on NFG shares. BidaskClub downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Scotiabank set a $58.00 price target on shares of National Fuel Gas and gave the company a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC reiterated a “hold” rating and set a $52.00 price target on shares of National Fuel Gas in a report on Friday, July 14th. TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. Finally, ValuEngine cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six analysts have rated the stock with a hold rating, The stock presently has an average 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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