Jolley Asset Management buys $2,895,846 stake in National Fuel Gas Co. (NFG)

National Fuel Gas Co. (NFG) : Jolley Asset Management scooped up 468 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 Oct 17, 2016. The investment management firm now holds a total of 53,597 shares of National Fuel Gas Co. which is valued at $2,895,846.National Fuel Gas Co. makes up approximately 2.38% of Jolley Asset Management’s portfolio.

Other Hedge Funds, Including , Edge Wealth Management reduced its stake in NFG by selling 144 shares or 32.43% in the most recent quarter. The Hedge Fund company now holds 300 shares of NFG which is valued at $16,116. National Fuel Gas Co. makes up approx 0.01% of Edge Wealth Management’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in NFG by selling 5,168 shares or 14.98% in the most recent quarter. The Hedge Fund company now holds 29,321 shares of NFG which is valued at $1,583,041. National Fuel Gas Co. makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Raymond James Trust N.a. reduced its stake in NFG by selling 24 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 13,694 shares of NFG which is valued at $739,339. National Fuel Gas Co. makes up approx 0.06% of Raymond James Trust N.a.’s portfolio.First Mercantile Trust Co reduced its stake in NFG by selling 4,256 shares or 17.22% in the most recent quarter. The Hedge Fund company now holds 20,455 shares of NFG which is valued at $1,092,297. National Fuel Gas Co. makes up approx 0.15% of First Mercantile Trust Co’s portfolio.

National Fuel Gas Co. opened for trading at $53.95 and hit $54.53 on the upside on Friday, eventually ending the session at $54.03, with a gain of 0.58% or 0.31 points. The heightened volatility saw the trading volume jump to 3,15,012 shares. Company has a market cap of $4,592 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.. National Fuel Gas Co. was Upgraded by Jefferies to ” Buy” on Oct 13, 2016. 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.

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