National Fuel Gas (NFG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of National Fuel Gas (NYSE:NFG) by 58.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,279 shares of the oil and gas producer’s stock after selling 43,130 shares during the quarter. SG Americas Securities LLC’s holdings in National Fuel Gas were worth $1,558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in National Fuel Gas by 0.8% during the fourth quarter. BlackRock Inc. now owns 7,193,429 shares of the oil and gas producer’s stock worth $394,992,000 after acquiring an additional 58,657 shares in the last quarter. Aristotle Capital Management LLC boosted its stake in National Fuel Gas by 7.5% during the fourth quarter. Aristotle Capital Management LLC now owns 4,955,708 shares of the oil and gas producer’s stock worth $272,118,000 after acquiring an additional 344,865 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in National Fuel Gas by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,269,811 shares of the oil and gas producer’s stock worth $69,725,000 after acquiring an additional 59,826 shares in the last quarter. Geode Capital Management LLC boosted its stake in National Fuel Gas by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 777,446 shares of the oil and gas producer’s stock worth $42,689,000 after acquiring an additional 21,339 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in National Fuel Gas by 135.6% during the first quarter. Wells Fargo & Company MN now owns 757,194 shares of the oil and gas producer’s stock worth $38,958,000 after acquiring an additional 435,872 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on NFG. ValuEngine lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Jefferies Group raised shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. TheStreet lowered shares of National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, May 3rd. Finally, Citigroup reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of National Fuel Gas in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. National Fuel Gas presently has an average rating of “Hold” and a consensus price target of $59.60.



National Fuel Gas stock opened at $51.02 on Friday. National Fuel Gas has a 1-year low of $48.31 and a 1-year high of $59.92. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 3.26 and a beta of 0.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.45 and a current ratio of 1.56.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, May 3rd. The oil and gas producer reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. National Fuel Gas had a net margin of 24.80% and a return on equity of 16.12%. The firm had revenue of $540.90 million for the quarter, compared to analyst estimates of $569.43 million. During the same period last year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. equities research analysts predict that National Fuel Gas will post 3.29 EPS for the current year.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States.

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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