National Fuel Gas Co. (NFG) : Cardinal Capital Management scooped up 8,423 additional shares in National Fuel Gas Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 44,629 shares of National Fuel Gas Co. which is valued at $2,356,857.National Fuel Gas Co. makes up approximately 0.97% of Cardinal Capital Management’s portfolio.
National Fuel Gas Co. opened for trading at $54 and hit $55 on the upside on Wednesday, eventually ending the session at $54.18, with a gain of 0.44% or 0.24 points. The heightened volatility saw the trading volume jump to 3,36,731 shares. Company has a market cap of $4,594 M.
Other Hedge Funds, Including , Dearborn Partners sold out all of its stake in NFG during the most recent quarter. The investment firm sold 36,000 shares of NFG which is valued $1,901,160. Acadian Asset Management added NFG to its portfolio by purchasing 106 company shares during the most recent quarter which is valued at $5,473. Integral Derivatives sold out all of its stake in NFG during the most recent quarter. The investment firm sold 39,800 shares of NFG which is valued $2,054,874.Capstone Asset Management Co reduced its stake in NFG by selling 730 shares or 9.42% in the most recent quarter. The Hedge Fund company now holds 7,022 shares of NFG which is valued at $362,546. National Fuel Gas Co. makes up approx 0.01% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, National Fuel Gas Co. reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.77. The company had revenue of $375.20 million for the quarter.The company’s revenue was down -28.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on National Fuel Gas Co.. National Fuel Gas Co. was Downgraded by Jefferies to ” Hold” on Apr 18, 2016. Shares were Reiterated by Barclays on Mar 1, 2016 to “Equal Weight” and Lowered the Price Target to $ 47 from a previous price target of $48 .
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production gathering transportation distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production including operations carried out through its subsidiary Seneca Resources Corporation; Pipeline and Storage including operations carried out through its subsidiaries National Fuel Gas Supply Corporation and Empire Pipeline Inc.; Gathering including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility including operations are carried out by through its subsidiary Distribution Corporation and Energy Marketing including operations carried out through its subsidiary National Fuel Resources Inc. The Company operates an integrated business with assets centered in western New York and Pennsylvania. The Company also develops and produces oil reserves primarily in California.