New Mexico Educational Retirement Board Sells 2,500 Shares of National Fuel Gas Co. (NYSE:NFG)

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New Mexico Educational Retirement Board lessened its position in National Fuel Gas Co. (NYSE:NFG) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,900 shares of the oil and gas producer’s stock after selling 2,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in National Fuel Gas were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LSV Asset Management increased its stake in National Fuel Gas by 185.3% in the first quarter. LSV Asset Management now owns 1,459,779 shares of the oil and gas producer’s stock valued at $88,988,000 after acquiring an additional 948,120 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of National Fuel Gas by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock valued at $44,823,000 after buying an additional 31,628 shares during the last quarter. First Trust Advisors LP grew its stake in shares of National Fuel Gas by 73.4% during the second quarter. First Trust Advisors LP now owns 701,007 shares of the oil and gas producer’s stock valued at $36,978,000 after buying an additional 296,836 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of National Fuel Gas by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 476,116 shares of the oil and gas producer’s stock valued at $24,367,000 after buying an additional 25,135 shares during the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of National Fuel Gas by 15.7% during the second quarter. WINTON GROUP Ltd now owns 416,372 shares of the oil and gas producer’s stock valued at $21,964,000 after buying an additional 56,435 shares during the last quarter. 76.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:NFG traded up $0.30 on Wednesday, reaching $46.05. 1,087 shares of the company traded hands, compared to its average volume of 959,382. The business’s 50-day simple moving average is $48.30 and its 200 day simple moving average is $55.39. National Fuel Gas Co. has a 52 week low of $45.47 and a 52 week high of $61.71. The stock has a market capitalization of $3.93 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 4.60 and a beta of 0.80. The company has a current ratio of 1.02, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. The company had revenue of $357.20 million during the quarter, compared to analyst estimates of $400.88 million. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. National Fuel Gas’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Sell-side analysts expect that National Fuel Gas Co. will post 3.54 EPS for the current fiscal year.

NFG has been the topic of a number of recent research reports. TheStreet cut National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th. Zacks Investment Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research note on Thursday, August 8th. Finally, ValuEngine cut National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th.

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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