Bailard Inc. Acquires Shares of 6,937 National Fuel Gas (NYSE:NFG)

Bailard Inc. purchased a new position in National Fuel Gas (NYSE:NFG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,937 shares of the oil and gas producer's stock, valued at approximately $421,000.

Other institutional investors also recently added to or reduced their stakes in the company. Kentucky Trust Co purchased a new position in National Fuel Gas in the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in National Fuel Gas in the third quarter worth approximately $28,000. UMB Bank n.a. lifted its position in shares of National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock worth $29,000 after buying an additional 218 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of National Fuel Gas during the 3rd quarter worth approximately $35,000. Finally, S.A. Mason LLC purchased a new stake in shares of National Fuel Gas during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Argus upgraded shares of National Fuel Gas to a "strong-buy" rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $69.00.

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National Fuel Gas Stock Performance

Shares of National Fuel Gas stock traded up $0.56 during trading on Friday, reaching $74.12. The company's stock had a trading volume of 515,229 shares, compared to its average volume of 504,718. The company has a 50-day moving average price of $68.98 and a two-hundred day moving average price of $63.66. The firm has a market cap of $6.71 billion, a PE ratio of -529.40 and a beta of 0.57. National Fuel Gas has a fifty-two week low of $50.22 and a fifty-two week high of $76.26. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same period in the previous year, the business posted $1.46 EPS. On average, analysts forecast that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.