Deprince Race & Zollo Inc. Cuts Holdings in National Fuel Gas Company (NFG)
Deprince Race & Zollo Inc. cut its stake in National Fuel Gas Company (NYSE:NFG) by 23.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 403,193 shares of the oil and gas producer’s stock after selling 126,799 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.47% of National Fuel Gas worth $22,825,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in NFG. OppenheimerFunds Inc. increased its position in shares of National Fuel Gas by 17.2% during the first quarter. OppenheimerFunds Inc. now owns 6,175 shares of the oil and gas producer’s stock worth $368,000 after acquiring an additional 906 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of National Fuel Gas during the first quarter worth about $662,000. FMR LLC increased its position in shares of National Fuel Gas by 3.2% during the first quarter. FMR LLC now owns 200,411 shares of the oil and gas producer’s stock worth $11,949,000 after acquiring an additional 6,300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Fuel Gas by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 391,581 shares of the oil and gas producer’s stock worth $23,345,000 after acquiring an additional 29,006 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of National Fuel Gas during the first quarter worth about $268,000. 71.42% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the company. Sidoti initiated coverage on National Fuel Gas in a research report on Thursday, October 12th. They set a “neutral” rating and a $65.00 target price on the stock. Scotiabank set a $60.00 price objective on National Fuel Gas and gave the company a “hold” rating in a report on Tuesday, August 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 price objective on shares of National Fuel Gas in a report on Thursday, October 12th. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, BidaskClub downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. National Fuel Gas presently has a consensus rating of “Hold” and an average price target of $59.67.
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Shares of National Fuel Gas Company (NYSE:NFG) remained flat at $$57.33 during midday trading on Thursday. The company had a trading volume of 349,300 shares, compared to its average volume of 473,059. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $4,902.15, a price-to-earnings ratio of 17.37, a P/E/G ratio of 9.71 and a beta of 0.95. National Fuel Gas Company has a fifty-two week low of $52.70 and a fifty-two week high of $61.25.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The firm had revenue of $286.94 million for the quarter, compared to analysts’ expectations of $325.81 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. analysts forecast that National Fuel Gas Company will post 2.95 earnings per share for the current year.
National Fuel Gas Company Profile
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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