National Fuel Gas (NYSE:NFG) Position Reduced by American International Group Inc.

American International Group Inc. decreased its position in shares of National Fuel Gas (NYSE:NFGFree Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,002 shares of the oil and gas producer’s stock after selling 5,336 shares during the period. American International Group Inc. owned 0.13% of National Fuel Gas worth $6,221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of National Fuel Gas in the fourth quarter valued at $49,804,000. JPMorgan Chase & Co. increased its holdings in shares of National Fuel Gas by 19.9% in the third quarter. JPMorgan Chase & Co. now owns 3,868,815 shares of the oil and gas producer’s stock valued at $200,830,000 after buying an additional 641,010 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of National Fuel Gas by 8,630.9% in the fourth quarter. International Assets Investment Management LLC now owns 336,139 shares of the oil and gas producer’s stock valued at $16,864,000 after buying an additional 332,289 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of National Fuel Gas by 2.4% in the third quarter. Vanguard Group Inc. now owns 13,190,115 shares of the oil and gas producer’s stock valued at $684,699,000 after buying an additional 311,599 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of National Fuel Gas by 22.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,042,509 shares of the oil and gas producer’s stock valued at $52,302,000 after buying an additional 193,910 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of NYSE:NFG opened at $56.29 on Tuesday. The company’s fifty day moving average is $54.78 and its two-hundred day moving average is $51.59. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 0.72. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $57.60. The company has a market cap of $5.17 billion, a P/E ratio of 11.17 and a beta of 0.62.

National Fuel Gas (NYSE:NFGGet Free Report) last announced its earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.38. National Fuel Gas had a net margin of 23.84% and a return on equity of 15.06%. The company had revenue of $629.94 million for the quarter, compared to the consensus estimate of $767.33 million. During the same period in the previous year, the business earned $1.54 EPS. The company’s revenue was down 12.2% on a year-over-year basis. Equities analysts expect that National Fuel Gas will post 5.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NFG. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Scotiabank upped their price target on National Fuel Gas from $72.00 to $75.00 and gave the company a “sector outperform” rating in a report on Thursday, May 9th.

Read Our Latest Analysis on National Fuel Gas

National Fuel Gas Profile

(Free Report)

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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.

Further Reading

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

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