National Fuel Gas Co. (NFG) : Rodgers Brothers reduced its stake in National Fuel Gas Co. by 1.04% during the most recent quarter end. The investment management company now holds a total of 61,633 shares of National Fuel Gas Co. which is valued at $3,513,697 after selling 650 shares in National Fuel Gas Co. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.National Fuel Gas Co. makes up approximately 1.44% of Rodgers Brothers’s portfolio.
Other Hedge Funds, Including , Private Capital Management boosted its stake in NFG in the latest quarter, The investment management firm added 46,915 additional shares and now holds a total of 409,805 shares of National Fuel Gas Co. which is valued at $23,362,983. National Fuel Gas Co. makes up approx 2.96% of Private Capital Management’s portfolio.Oppenheimerfunds reduced its stake in NFG by selling 686 shares or 14.74% in the most recent quarter. The Hedge Fund company now holds 3,968 shares of NFG which is valued at $226,216. Peak6 Investments added NFG to its portfolio by purchasing 2,811 company shares during the most recent quarter which is valued at $160,255. National Fuel Gas Co. makes up approx 0.01% of Peak6 Investments’s portfolio.Heathbridge Capital Management Ltd. boosted its stake in NFG in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 13,000 shares of National Fuel Gas Co. which is valued at $743,990. National Fuel Gas Co. makes up approx 0.19% of Heathbridge Capital Management Ltd.’s portfolio.
National Fuel Gas Co. opened for trading at $58.08 and hit $59.38 on the upside on Wednesday, eventually ending the session at $59.14, with a gain of 1.98% or 1.15 points. The heightened volatility saw the trading volume jump to 488,672 shares. Company has a market cap of $5,026 M.
On the company’s financial health, National Fuel Gas Co. reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.65. The company had revenue of $335.60 million for the quarter, compared to analysts expectations of $388.67 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on National Fuel Gas Co.. Company shares were Reiterated by Barclays on Aug 10, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 61 from a previous price target of $47 .
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.