Inspire Advisors LLC grew its stake in National Fuel Gas (NYSE:NFG - Free Report) by 131.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,413 shares of the oil and gas producer's stock after purchasing an additional 4,779 shares during the period. Inspire Advisors LLC's holdings in National Fuel Gas were worth $511,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kentucky Trust Co acquired a new stake in National Fuel Gas in the 4th quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of National Fuel Gas during the 3rd quarter worth about $28,000. UMB Bank n.a. lifted its holdings in 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 valued at $29,000 after purchasing an additional 218 shares during the last quarter. Venturi Wealth Management LLC bought a new position in National Fuel Gas during the 3rd quarter valued at about $35,000. Finally, S.A. Mason LLC bought a new position in National Fuel Gas during the 4th quarter valued at about $38,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NFG has been the subject of a number of research analyst reports. Argus raised shares of National Fuel Gas to a "strong-buy" rating in a research note on Tuesday, November 19th. StockNews.com raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $69.00.
View Our Latest Stock Report on NFG
National Fuel Gas Stock Down 0.1 %
Shares of NYSE:NFG opened at $74.26 on Wednesday. National Fuel Gas has a one year low of $50.44 and a one year high of $76.26. The company has a 50 day moving average of $69.80 and a 200-day moving average of $64.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of -530.39 and a beta of 0.57.
National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted $1.46 earnings per share. On average, sell-side analysts forecast that National Fuel Gas will post 6.64 earnings per share for the current year.
National Fuel Gas Company Profile
(
Free Report)
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.
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