Sei Investments Co. lifted its position in shares of National Fuel Gas Co. (NYSE:NFG) by 40.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,597 shares of the oil and gas producer’s stock after acquiring an additional 38,202 shares during the period. Sei Investments Co.’s holdings in National Fuel Gas were worth $6,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Comerica Bank increased its position in shares of National Fuel Gas by 1.4% during the fourth quarter. Comerica Bank now owns 78,630 shares of the oil and gas producer’s stock valued at $4,436,000 after acquiring an additional 1,055 shares in the last quarter. FDx Advisors Inc. increased its position in shares of National Fuel Gas by 8.7% during the fourth quarter. FDx Advisors Inc. now owns 13,274 shares of the oil and gas producer’s stock valued at $729,000 after acquiring an additional 1,066 shares in the last quarter. California Public Employees Retirement System increased its position in shares of National Fuel Gas by 0.6% during the fourth quarter. California Public Employees Retirement System now owns 194,623 shares of the oil and gas producer’s stock valued at $10,687,000 after acquiring an additional 1,071 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of National Fuel Gas by 41.2% during the first quarter. Meeder Asset Management Inc. now owns 3,831 shares of the oil and gas producer’s stock valued at $197,000 after acquiring an additional 1,117 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of National Fuel Gas by 1.8% during the first quarter. Envestnet Asset Management Inc. now owns 62,858 shares of the oil and gas producer’s stock valued at $3,234,000 after acquiring an additional 1,125 shares in the last quarter. 70.18% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on NFG shares. Zacks Investment Research downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Citigroup reissued a “neutral” rating and set a $54.00 price target on shares of National Fuel Gas in a research report on Wednesday, March 7th. Jefferies Financial Group cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. TheStreet cut shares of National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, May 3rd. Finally, ValuEngine cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $59.60.

Shares of NFG stock opened at $52.55 on Wednesday. National Fuel Gas Co. has a 12-month low of $48.31 and a 12-month high of $59.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.45 and a current ratio of 1.56. The company has a market capitalization of $4.47 billion, a P/E ratio of 15.53, a P/E/G ratio of 3.30 and a beta of 0.89.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, May 3rd. The oil and gas producer reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.05. National Fuel Gas had a net margin of 24.80% and a return on equity of 16.12%. The company had revenue of $540.90 million for the quarter, compared to analysts’ expectations of $569.43 million. During the same quarter last year, the company posted $1.04 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. equities analysts predict that National Fuel Gas Co. will post 3.29 EPS for the current year.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California 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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