Thompson Siegel & Walmsley LLC Trims Position in National Fuel Gas (NYSE:NFG)

Thompson Siegel & Walmsley LLC cut its position in National Fuel Gas (NYSE:NFG) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,019,035 shares of the oil and gas producer’s stock after selling 33,093 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in National Fuel Gas were worth $61,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFG. Victory Capital Management Inc. grew its stake in National Fuel Gas by 44.2% during the third quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock valued at $151,416,000 after acquiring an additional 765,236 shares in the last quarter. Raymond James Financial Inc. purchased a new position in National Fuel Gas during the fourth quarter valued at $9,067,000. Ibex Wealth Advisors purchased a new position in National Fuel Gas during the fourth quarter valued at $4,943,000. Barclays PLC grew its stake in National Fuel Gas by 243.7% during the third quarter. Barclays PLC now owns 102,672 shares of the oil and gas producer’s stock valued at $6,223,000 after acquiring an additional 72,802 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in National Fuel Gas by 33.3% during the third quarter. Franklin Resources Inc. now owns 220,869 shares of the oil and gas producer’s stock valued at $13,386,000 after acquiring an additional 55,152 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on NFG shares. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, National Fuel Gas has a consensus rating of “Hold” and a consensus target price of $69.00.

National Fuel Gas Stock Performance

Shares of NYSE:NFG opened at $73.69 on Thursday. National Fuel Gas has a 52 week low of $50.44 and a 52 week high of $76.26. The stock has a market capitalization of $6.67 billion, a P/E ratio of -526.29 and a beta of 0.57. The firm has a fifty day simple moving average of $70.06 and a two-hundred day simple moving average of $64.12. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same quarter in the previous year, the firm posted $1.46 earnings per share. On average, analysts expect that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.