San Francisco Sentry Investment Group CA trimmed its holdings in shares of National Fuel Gas Co. (NYSE:NFG) by 33.3% in the third quarter, HoldingsChannel reports. The firm owned 2,000 shares of the oil and gas producer’s stock after selling 1,000 shares during the period. San Francisco Sentry Investment Group CA’s holdings in National Fuel Gas were worth $112,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NFG. BlackRock Inc. boosted its position in National Fuel Gas by 1.6% in the 2nd quarter. BlackRock Inc. now owns 7,291,707 shares of the oil and gas producer’s stock valued at $386,169,000 after buying an additional 111,495 shares during the last quarter. JPMorgan Chase & Co. boosted its position in National Fuel Gas by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,426,222 shares of the oil and gas producer’s stock valued at $248,134,000 after buying an additional 79,349 shares during the last quarter. Northern Trust Corp boosted its position in National Fuel Gas by 7.9% in the 2nd quarter. Northern Trust Corp now owns 760,261 shares of the oil and gas producer’s stock valued at $40,263,000 after buying an additional 55,481 shares during the last quarter. Bank of America Corp DE boosted its position in National Fuel Gas by 76.9% in the 2nd quarter. Bank of America Corp DE now owns 666,903 shares of the oil and gas producer’s stock valued at $35,319,000 after buying an additional 289,998 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in National Fuel Gas by 39.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 517,145 shares of the oil and gas producer’s stock valued at $27,388,000 after buying an additional 145,743 shares during the last quarter. 71.06% of the stock is owned by hedge funds and other institutional investors.

NYSE:NFG opened at $53.19 on Wednesday. National Fuel Gas Co. has a 12-month low of $48.31 and a 12-month high of $59.90. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.07 and a current ratio of 1.24. The firm has a market capitalization of $4.62 billion, a PE ratio of 15.93, a P/E/G ratio of 3.26 and a beta of 0.75.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.05). National Fuel Gas had a return on equity of 15.11% and a net margin of 24.58%. The company had revenue of $289.20 million during the quarter, compared to the consensus estimate of $316.56 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Analysts forecast that National Fuel Gas Co. will post 3.44 EPS for the current fiscal year.

A number of research analysts have commented on NFG shares. ValuEngine lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Friday, August 31st. Finally, TheStreet lowered National Fuel Gas from a “b” rating to a “c+” rating in a research report on Friday, November 2nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $61.60.

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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.

Further Reading: Earnings Reports

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

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