National Fuel Gas Co. (NFG) Holding Boosted by Prudential Financial Inc.

National Fuel Gas Co. (NFG) Holding Boosted by Prudential Financial Inc.

Prudential Financial Inc. raised its stake in National Fuel Gas Co. (NYSE:NFG) by 80.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 295,445 shares of the oil and gas producer’s stock after buying an additional 131,795 shares during the period. Prudential Financial Inc.’s holdings in National Fuel Gas were worth $17,614,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in shares of National Fuel Gas by 0.4% in the first quarter. Parkside Financial Bank & Trust now owns 4,957 shares of the oil and gas producer’s stock valued at $295,000 after buying an additional 18 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in National Fuel Gas by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,608 shares of the oil and gas producer’s stock valued at $714,000 after buying an additional 37 shares during the last quarter. World Asset Management Inc raised its stake in National Fuel Gas by 1.0% in the first quarter. World Asset Management Inc now owns 5,642 shares of the oil and gas producer’s stock valued at $336,000 after buying an additional 56 shares during the last quarter. Wall Street Access Asset Management LLC raised its stake in National Fuel Gas by 1.6% in the fourth quarter. Wall Street Access Asset Management LLC now owns 3,897 shares of the oil and gas producer’s stock valued at $221,000 after buying an additional 60 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in National Fuel Gas by 0.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,432 shares of the oil and gas producer’s stock valued at $476,000 after buying an additional 64 shares during the last quarter. Institutional investors own 64.97% of the company’s stock.

Shares of National Fuel Gas Co. (NYSE NFG) traded down 0.59% during trading on Monday, reaching $55.54. 92,536 shares of the company traded hands. National Fuel Gas Co. has a 1-year low of $50.61 and a 1-year high of $61.25. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 21.26 and a beta of 0.96. The stock’s 50 day moving average is $55.69 and its 200 day moving average is $57.50.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas producer reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.01. National Fuel Gas had a negative net margin of 0.86% and a positive return on equity of 18.34%. The business had revenue of $522.10 million for the quarter, compared to analysts’ expectations of $514.43 million. During the same quarter in the prior year, the firm posted $0.97 EPS. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, analysts forecast that National Fuel Gas Co. will post $3.26 EPS for the current year.

Several equities analysts recently commented on the stock. ValuEngine lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Group LLC raised shares of National Fuel Gas from an “underperform” rating to a “hold” rating and set a $52.00 price objective for the company in a research report on Wednesday, April 19th. Scotiabank set a $58.00 price objective on shares of National Fuel Gas and gave the company a “hold” rating in a research report on Monday, April 10th. Finally, Zacks Investment Research lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Six analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $59.00.

In related news, Director Philip C. Ackerman sold 127,828 shares of National Fuel Gas stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $60.64, for a total transaction of $7,751,489.92. Following the completion of the sale, the director now owns 278,464 shares of the company’s stock, valued at $16,886,056.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Paula M. Ciprich sold 7,604 shares of National Fuel Gas stock in a transaction on Friday, March 31st. The shares were sold at an average price of $59.97, for a total value of $456,011.88. Following the sale, the senior vice president now directly owns 65,922 shares of the company’s stock, valued at approximately $3,953,342.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,802 shares of company stock valued at $13,710,035. Insiders own 2.57% of the company’s stock.

About National Fuel Gas

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NFG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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