National Fuel Gas (NYSE:NFG) Shares Sold by Courier Capital LLC

Courier Capital LLC decreased its position in National Fuel Gas (NYSE:NFG) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,488 shares of the oil and gas producer’s stock after selling 196 shares during the quarter. Courier Capital LLC’s holdings in National Fuel Gas were worth $721,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NFG. Belpointe Asset Management LLC boosted its position in shares of National Fuel Gas by 145.5% during the 1st quarter. Belpointe Asset Management LLC now owns 572 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 339 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in National Fuel Gas by 68.9% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 760 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 310 shares in the last quarter. New Hampshire Trust acquired a new position in National Fuel Gas in the fourth quarter valued at approximately $52,000. Machina Capital S.A.S. purchased a new position in National Fuel Gas in the first quarter valued at approximately $52,000. Finally, Fred Alger Management LLC acquired a new stake in National Fuel Gas during the third quarter worth approximately $54,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

National Fuel Gas Trading Up 1.4 %

NYSE NFG opened at $52.88 on Thursday. National Fuel Gas has a one year low of $48.89 and a one year high of $72.24. The firm has a market cap of $4.86 billion, a PE ratio of 8.70, a P/E/G ratio of 0.93 and a beta of 0.67. The firm’s fifty day moving average is $52.63 and its two-hundred day moving average is $53.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.52 and a current ratio of 0.61.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. National Fuel Gas had a return on equity of 19.71% and a net margin of 25.06%. The firm had revenue of $428.70 million for the quarter, compared to analysts’ expectations of $480.10 million. Analysts expect that National Fuel Gas will post 5.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NFG shares. Argus dropped their target price on shares of National Fuel Gas from $76.00 to $58.00 in a research report on Wednesday, May 24th. Scotiabank raised National Fuel Gas from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. The Goldman Sachs Group dropped their price target on National Fuel Gas from $60.00 to $54.00 in a research note on Wednesday, May 24th. Finally, StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. 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.