Metis Global Partners LLC Acquires New Shares in National Fuel Gas (NYSE:NFG)

Metis Global Partners LLC purchased a new position in National Fuel Gas (NYSE:NFG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,829 shares of the oil and gas producer's stock, valued at approximately $232,000.

Several other hedge funds also recently bought and sold shares of NFG. Kentucky Trust Co bought a new stake in National Fuel Gas during the 4th quarter valued at $25,000. Capital Performance Advisors LLP purchased a new position in National Fuel Gas during the 3rd quarter valued at about $28,000. UMB Bank n.a. grew its stake in shares of National Fuel Gas by 82.9% in 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 bought a new position in shares of National Fuel Gas during the third quarter valued at $35,000. Finally, S.A. Mason LLC purchased a new position in National Fuel Gas in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Argus raised National Fuel Gas to a "strong-buy" rating in a research note on Tuesday, November 19th. 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 report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $69.00.

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National Fuel Gas Stock Up 0.3 %

Shares of NFG traded up $0.25 during mid-day trading on Monday, hitting $74.39. The company's stock had a trading volume of 626,156 shares, compared to its average volume of 505,862. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of -531.30 and a beta of 0.57. 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 has a 52-week low of $50.44 and a 52-week high of $76.26. The company's 50-day moving average is $69.26 and its 200-day moving average is $63.83.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter last year, the business earned $1.46 EPS. On average, equities research analysts forecast that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Company 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.