Folger Nolan Fleming Douglas Capital Management Inc. Acquires Shares of 3,818 National Fuel Gas Co. (NFG)

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Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in National Fuel Gas Co. (NYSE:NFG) in the first quarter, HoldingsChannel.com reports. The fund acquired 3,818 shares of the oil and gas producer’s stock, valued at approximately $233,000.

A number of other institutional investors have also recently made changes to their positions in NFG. JOYN Advisors Inc. lifted its holdings in shares of National Fuel Gas by 89.5% in the fourth quarter. JOYN Advisors Inc. now owns 487 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 230 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in shares of National Fuel Gas by 0.7% in the fourth quarter. Flinton Capital Management LLC now owns 32,572 shares of the oil and gas producer’s stock valued at $1,667,000 after purchasing an additional 238 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of National Fuel Gas by 0.4% in the first quarter. Arizona State Retirement System now owns 61,953 shares of the oil and gas producer’s stock valued at $3,777,000 after purchasing an additional 253 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of National Fuel Gas by 7.8% in the first quarter. CENTRAL TRUST Co now owns 3,520 shares of the oil and gas producer’s stock valued at $215,000 after purchasing an additional 256 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in shares of National Fuel Gas by 4.9% in the first quarter. First Republic Investment Management Inc. now owns 5,577 shares of the oil and gas producer’s stock valued at $340,000 after purchasing an additional 262 shares in the last quarter. 74.59% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. Zacks Investment Research upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday, February 8th. US Capital Advisors lowered National Fuel Gas from an “overweight” rating to a “hold” rating in a report on Monday, March 18th.

In related news, VP Paula M. Ciprich sold 10,227 shares of National Fuel Gas stock in a transaction on Monday, February 25th. The stock was sold at an average price of $60.42, for a total transaction of $617,915.34. Following the sale, the vice president now directly owns 73,702 shares in the company, valued at $4,453,074.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John P. Mcginnis sold 2,357 shares of National Fuel Gas stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $60.14, for a total value of $141,749.98. Following the sale, the insider now owns 20,000 shares in the company, valued at $1,202,800. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

National Fuel Gas stock traded up $0.04 during mid-day trading on Friday, reaching $57.36. 3,074 shares of the company’s stock were exchanged, compared to its average volume of 499,456. The firm has a market capitalization of $4.91 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 5.85 and a beta of 0.85. National Fuel Gas Co. has a one year low of $49.60 and a one year high of $61.71. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.08). The business had revenue of $552.54 million for the quarter, compared to the consensus estimate of $602.15 million. National Fuel Gas had a return on equity of 14.99% and a net margin of 17.57%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. Analysts predict that National Fuel Gas Co. will post 3.48 EPS for the current fiscal year.

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National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through 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 in California and 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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