Vaughan David Investments Inc. IL trimmed its position in shares of National Fuel Gas Company (NYSE:NFG) by 71.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,920 shares of the oil and gas producer’s stock after selling 7,463 shares during the period. Vaughan David Investments Inc. IL’s holdings in National Fuel Gas were worth $245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its holdings in National Fuel Gas by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 69,512 shares of the oil and gas producer’s stock valued at $3,935,000 after purchasing an additional 978 shares in the last quarter. Federated Investors Inc. PA grew its holdings in National Fuel Gas by 36.7% during the 2nd quarter. Federated Investors Inc. PA now owns 70,927 shares of the oil and gas producer’s stock valued at $3,961,000 after purchasing an additional 19,037 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in National Fuel Gas by 17.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 36,600 shares of the oil and gas producer’s stock valued at $2,044,000 after purchasing an additional 5,448 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in National Fuel Gas by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock valued at $234,778,000 after purchasing an additional 222,965 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in National Fuel Gas by 8.4% during the 2nd quarter. ProShare Advisors LLC now owns 179,128 shares of the oil and gas producer’s stock worth $10,003,000 after acquiring an additional 13,921 shares in the last quarter. 71.42% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet lowered shares of National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Scotiabank reissued a “hold” rating and set a $60.00 price objective on shares of National Fuel Gas in a report on Friday, November 3rd. Sidoti assumed coverage on shares of National Fuel Gas in a report on Thursday, October 12th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, Jefferies Group LLC reissued a “hold” rating and set a $54.00 price objective on shares of National Fuel Gas in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $59.67.

Shares of National Fuel Gas Company (NYSE:NFG) traded up $0.09 during mid-day trading on Friday, reaching $58.05. 317,346 shares of the company’s stock traded hands, compared to its average volume of 471,573. The firm has a market cap of $4,960.00, a price-to-earnings ratio of 17.37, a P/E/G ratio of 9.71 and a beta of 0.95. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.16 and a current ratio of 1.27. National Fuel Gas Company has a 52 week low of $53.03 and a 52 week high of $61.25.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a net margin of 17.94% and a return on equity of 17.16%. The business had revenue of $286.94 million during the quarter, compared to analyst estimates of $325.81 million. During the same period in the previous year, the business posted $0.66 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. equities research analysts predict that National Fuel Gas Company will post 2.95 earnings per share for the current fiscal year.

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About National Fuel Gas

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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