Victory Capital Management Inc. purchased a new position in shares of National Fuel Gas Co. (NYSE:NFG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 342,444 shares of the oil and gas producer’s stock, valued at approximately $19,197,000. Victory Capital Management Inc. owned 0.40% of National Fuel Gas at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in shares of National Fuel Gas by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 376,502 shares of the oil and gas producer’s stock valued at $19,371,000 after acquiring an additional 13,384 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of National Fuel Gas by 40.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,840 shares of the oil and gas producer’s stock valued at $468,000 after acquiring an additional 2,530 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in shares of National Fuel Gas in the 2nd quarter valued at about $207,000. Hartford Investment Management Co. purchased a new position in shares of National Fuel Gas during the 2nd quarter valued at about $209,000. Finally, Whittier Trust Co. raised its holdings in shares of National Fuel Gas by 448.2% during the 2nd quarter. Whittier Trust Co. now owns 63,199 shares of the oil and gas producer’s stock valued at $4,948,000 after buying an additional 51,671 shares in the last quarter. 71.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. TheStreet cut National Fuel Gas from a “b” rating to a “c+” rating in a report on Friday, November 2nd. Zacks Investment Research cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, ValuEngine cut National Fuel Gas from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $61.60.

Shares of NYSE NFG opened at $52.09 on Thursday. The stock has a market cap of $4.64 billion, a P/E ratio of 15.60, a PEG ratio of 3.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.07 and a current ratio of 1.24. National Fuel Gas Co. has a 1-year low of $48.31 and a 1-year high of $59.90.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.05). The firm had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $316.56 million. National Fuel Gas had a net margin of 24.58% and a return on equity of 15.11%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, equities analysts expect that National Fuel Gas Co. will post 3.44 earnings per share for the current year.

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National Fuel Gas Profile

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.

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

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