Robshaw & Julian Associates Inc. cut its stake in National Fuel Gas Company (NYSE:NFG) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,285 shares of the oil and gas producer’s stock after selling 3,950 shares during the period. National Fuel Gas makes up approximately 3.1% of Robshaw & Julian Associates Inc.’s portfolio, making the stock its 13th largest position. Robshaw & Julian Associates Inc.’s holdings in National Fuel Gas were worth $4,371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFG. Vanguard Group Inc. boosted its stake in shares of National Fuel Gas by 10.2% in the first quarter. Vanguard Group Inc. now owns 8,005,822 shares of the oil and gas producer’s stock valued at $477,307,000 after buying an additional 742,945 shares during the last quarter. BlackRock Inc. boosted its stake in shares of National Fuel Gas by 4,550.5% in the first quarter. BlackRock Inc. now owns 7,105,090 shares of the oil and gas producer’s stock valued at $423,608,000 after buying an additional 6,952,310 shares during the last quarter. State Street Corp boosted its stake in shares of National Fuel Gas by 11.2% in the first quarter. State Street Corp now owns 5,740,111 shares of the oil and gas producer’s stock valued at $342,227,000 after buying an additional 575,876 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of National Fuel Gas by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 3,981,504 shares of the oil and gas producer’s stock valued at $237,377,000 after buying an additional 19,337 shares during the last quarter. Finally, Aristotle Capital Management LLC boosted its stake in shares of National Fuel Gas by 4.6% in the first quarter. Aristotle Capital Management LLC now owns 3,195,059 shares of the oil and gas producer’s stock valued at $190,490,000 after buying an additional 140,984 shares during the last quarter. 69.37% of the stock is owned by institutional investors.

Shares of National Fuel Gas Company (NYSE:NFG) opened at 58.46 on Tuesday. The stock has a market cap of $5.00 billion, a PE ratio of 18.21 and a beta of 0.97. National Fuel Gas Company has a 52 week low of $50.61 and a 52 week high of $61.25. The firm has a 50-day moving average of $57.63 and a 200 day moving average of $57.66.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The business had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. During the same quarter last year, the business earned $0.68 earnings per share. On average, equities analysts forecast that National Fuel Gas Company will post $3.27 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “National Fuel Gas Company (NFG) Stake Cut by Robshaw & Julian Associates Inc.” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.watchlistnews.com/national-fuel-gas-company-nfg-stake-cut-by-robshaw-julian-associates-inc/1491494.html.

NFG has been the topic of several research analyst reports. TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. BidaskClub upgraded shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 price target on shares of National Fuel Gas in a research note on Friday, July 14th. Scotiabank set a $58.00 price target on shares of National Fuel Gas and gave the stock a “hold” rating in a research note on Saturday, July 1st. Finally, ValuEngine cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $58.33.

National Fuel Gas Company Profile

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.

Want to see what other hedge funds are holding NFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Fuel Gas Company (NYSE:NFG).

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

Receive News & Ratings for National Fuel Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Company and related companies with Analyst Ratings Network's FREE daily email newsletter.