Private Advisor Group LLC trimmed its position in National Fuel Gas Co. (NYSE:NFG) by 19.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,816 shares of the oil and gas producer’s stock after selling 5,780 shares during the quarter. Private Advisor Group LLC’s holdings in National Fuel Gas were worth $1,346,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of NFG. MHI Funds LLC purchased a new stake in shares of National Fuel Gas in the 4th quarter worth $113,000. Cable Hill Partners LLC purchased a new stake in shares of National Fuel Gas in the 3rd quarter worth $119,000. Oakbrook Investments LLC purchased a new stake in shares of National Fuel Gas in the 3rd quarter worth $201,000. IFC Holdings Incorporated FL purchased a new stake in shares of National Fuel Gas in the 3rd quarter worth $206,000. Finally, Brown Advisory Inc. purchased a new stake in shares of National Fuel Gas during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 70.85% of the company’s stock.
Shares of National Fuel Gas Co. (NFG) opened at $50.05 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.27 and a current ratio of 1.43. The firm has a market capitalization of $4,294.39, a price-to-earnings ratio of 15.26, a P/E/G ratio of 4.87 and a beta of 0.88. National Fuel Gas Co. has a 12 month low of $48.31 and a 12 month high of $61.25.
A number of brokerages recently weighed in on NFG. Jefferies Group restated a “hold” rating and set a $58.00 price objective on shares of National Fuel Gas in a research note on Wednesday, December 20th. Zacks Investment Research upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Thursday, February 8th. Scotiabank set a $61.00 price objective on National Fuel Gas and gave the stock a “hold” rating in a research note on Saturday, November 25th. Sidoti upgraded National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, TheStreet cut National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $61.00.
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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.
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