Louisiana State Employees Retirement System Cuts Stock Holdings in National Fuel Gas Co. (NYSE:NFG)

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Louisiana State Employees Retirement System trimmed its holdings in National Fuel Gas Co. (NYSE:NFG) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,100 shares of the oil and gas producer’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in National Fuel Gas were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Edge Wealth Management LLC bought a new stake in National Fuel Gas in the first quarter worth $27,000. Gemmer Asset Management LLC increased its position in shares of National Fuel Gas by 118.3% in the first quarter. Gemmer Asset Management LLC now owns 548 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 297 shares during the period. Farmers National Bank purchased a new position in shares of National Fuel Gas in the first quarter valued at about $48,000. Advisory Alpha LLC purchased a new position in shares of National Fuel Gas in the first quarter valued at about $50,000. Finally, CNB Bank increased its position in shares of National Fuel Gas by 332.4% in the first quarter. CNB Bank now owns 921 shares of the oil and gas producer’s stock valued at $56,000 after acquiring an additional 708 shares during the period. 73.61% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on NFG. TheStreet cut shares of National Fuel Gas from a “b” rating to a “c+” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research report on Thursday, August 8th. Finally, ValuEngine lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th.

Shares of NFG stock opened at $46.59 on Friday. The company has a 50 day simple moving average of $49.89 and a two-hundred day simple moving average of $56.05. The company has a current ratio of 1.02, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The stock has a market cap of $4.01 billion, a P/E ratio of 13.95, a P/E/G ratio of 4.76 and a beta of 0.80. National Fuel Gas Co. has a 12 month low of $45.79 and a 12 month high of $61.71.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. The firm had revenue of $357.20 million during the quarter, compared to analysts’ expectations of $400.88 million. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share. As a group, equities analysts forecast that National Fuel Gas Co. will post 3.54 earnings per share for the current year.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

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

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