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 14.26% during the most recent quarter end. The investment management company now holds a total of 1,652,540 shares of National Fuel Gas Co. which is valued at $92,608,342 after selling 274,872 shares in National Fuel Gas Co. , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.National Fuel Gas Co. makes up approximately 9.60% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in NFG in the latest quarter, The investment management firm added 687 additional shares and now holds a total of 34,489 shares of National Fuel Gas Co. which is valued at $1,932,764. National Fuel Gas Co. makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Cardinal Capital Management boosted its stake in NFG in the latest quarter, The investment management firm added 401 additional shares and now holds a total of 45,030 shares of National Fuel Gas Co. which is valued at $2,544,645. National Fuel Gas Co. makes up approx 1.01% of Cardinal Capital Management’s portfolio.Whittier Trust Co reduced its stake in NFG by selling 818 shares or 5.95% in the most recent quarter. The Hedge Fund company now holds 12,929 shares of NFG which is valued at $730,618. National Fuel Gas Co. makes up approx 0.03% of Whittier Trust Co’s portfolio.

National Fuel Gas Co. opened for trading at $55.99 and hit $57 on the upside on Monday, eventually ending the session at $56.58, with a gain of 1.05% or 0.59 points. The heightened volatility saw the trading volume jump to 3,24,781 shares. Company has a market cap of $4,806 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.

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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