Nuance Investments Lowers stake in National Fuel Gas Co. (NFG)

National Fuel Gas Co. (NFG) : Nuance Investments reduced its stake in National Fuel Gas Co. by 30.82% during the most recent quarter end. The investment management company now holds a total of 1,927,412 shares of National Fuel Gas Co. which is valued at $104,388,634 after selling 858,517 shares in National Fuel Gas Co. , the firm said in a disclosure report filed with the SEC on May 9, 2016.National Fuel Gas Co. makes up approximately 11.47% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Ibm Retirement Fund reduced its stake in NFG by selling 10,996 shares or 56.37% in the most recent quarter. The Hedge Fund company now holds 8,511 shares of NFG which is valued at $460,956. National Fuel Gas Co. makes up approx 0.02% of Ibm Retirement Fund’s portfolio.Huntington National Bank boosted its stake in NFG in the latest quarter, The investment management firm added 4,203 additional shares and now holds a total of 17,676 shares of National Fuel Gas Co. which is valued at $981,018. National Fuel Gas Co. makes up approx 0.02% of Huntington National Bank’s portfolio.

National Fuel Gas Co. closed down -0.58 points or -1.06% at $54.16 with 2,49,956 shares getting traded on Friday. Post opening the session at $54.69, the shares hit an intraday low of $53.87 and an intraday high of $54.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, National Fuel Gas Co. reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.96. The company had revenue of $449.10 million for the quarter, compared to analysts expectations of $624.02 million. The company’s revenue was down -24.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.02 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.

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