Solaris Asset Management LLC Has $313,000 Position in National Fuel Gas Company (NFG)

Solaris Asset Management LLC maintained its position in shares of National Fuel Gas Company (NYSE:NFG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,600 shares of the oil and gas producer’s stock at the end of the second quarter. Solaris Asset Management LLC’s holdings in National Fuel Gas were worth $313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFC Holdings Incorporated FL acquired a new position in shares of National Fuel Gas during the first quarter valued at approximately $205,000. Nationwide Fund Advisors boosted its position in shares of National Fuel Gas by 0.8% in the first quarter. Nationwide Fund Advisors now owns 142,468 shares of the oil and gas producer’s stock valued at $8,494,000 after buying an additional 1,150 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of National Fuel Gas during the first quarter valued at approximately $320,000. Hartford Financial Management Inc. boosted its position in shares of National Fuel Gas by 2.0% in the first quarter. Hartford Financial Management Inc. now owns 17,505 shares of the oil and gas producer’s stock valued at $1,043,000 after buying an additional 350 shares during the last quarter. Finally, Jolley Asset Management LLC boosted its position in shares of National Fuel Gas by 3.3% in the first quarter. Jolley Asset Management LLC now owns 59,666 shares of the oil and gas producer’s stock valued at $3,557,000 after buying an additional 1,879 shares during the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.

National Fuel Gas Company (NFG) traded down 0.84% during mid-day trading on Friday, reaching $58.11. 357,026 shares of the company’s stock traded hands. The company has a 50 day moving average price of $57.91 and a 200-day moving average price of $57.72. National Fuel Gas Company has a 12 month low of $50.61 and a 12 month high of $61.25. The stock has a market cap of $4.97 billion, a P/E ratio of 18.10 and a beta of 0.97.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.69. The company had revenue of $348.37 million for the quarter, compared to analysts’ expectations of $373.86 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. During the same period in the previous year, the business posted $0.68 EPS. On average, analysts anticipate that National Fuel Gas Company will post $3.27 EPS for the current year.

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NFG has been the topic of several analyst reports. BidaskClub raised shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. TheStreet raised shares of National Fuel Gas from a “c+” rating to a “b” rating in a research report on Friday, June 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $52.00 price target on shares of National Fuel Gas in a research report on Friday, July 14th. ValuEngine lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Scotiabank set a $58.00 price target on shares of National Fuel Gas and gave the stock a “hold” rating in a research report on Saturday, July 1st. Six investment analysts have rated the stock with a hold rating, National Fuel Gas has a consensus rating of “Hold” and a consensus target price of $58.33.

About National Fuel Gas

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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