Victory Capital Management Inc. Boosts Holdings in National Fuel Gas (NYSE:NFG)

Victory Capital Management Inc. boosted its position in shares of National Fuel Gas (NYSE:NFG - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,584,155 shares of the oil and gas producer's stock after purchasing an additional 85,950 shares during the period. Victory Capital Management Inc. owned about 2.85% of National Fuel Gas worth $156,807,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kentucky Trust Co bought a new position in National Fuel Gas during the 4th quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in National Fuel Gas in the 3rd quarter worth about $28,000. UMB Bank n.a. grew its stake in 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 acquiring an additional 218 shares in the last quarter. Venturi Wealth Management LLC bought a new position in National Fuel Gas in the 3rd quarter worth about $35,000. Finally, S.A. Mason LLC bought a new position in National Fuel Gas in the 4th quarter worth about $38,000. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Stock Up 0.8 %

Shares of NFG traded up $0.56 during mid-day trading on Friday, hitting $74.12. The company's stock had a trading volume of 515,229 shares, compared to its average volume of 504,718. The company's 50-day moving average is $68.98 and its 200-day moving average is $63.66. National Fuel Gas has a 52-week low of $50.22 and a 52-week high of $76.26. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of -529.40 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.

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National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share 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 period in the previous year, the firm posted $1.46 earnings per share. On average, equities research analysts forecast that National Fuel Gas will post 6.64 EPS for the current fiscal year.

Analysts Set New Price Targets

NFG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. Argus upgraded shares of National Fuel Gas to a "strong-buy" rating in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, National Fuel Gas currently has a consensus rating of "Hold" and an average price target of $69.00.

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.