Keybank National Association OH Boosts Stock Holdings in National Fuel Gas (NYSE:NFG)

Keybank National Association OH grew its position in National Fuel Gas (NYSE:NFG) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,361 shares of the oil and gas producer’s stock after purchasing an additional 1,064 shares during the period. Keybank National Association OH owned about 0.06% of National Fuel Gas worth $3,359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings 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 worth $151,416,000 after acquiring an additional 765,236 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of National Fuel Gas by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 920,918 shares of the oil and gas producer’s stock worth $55,817,000 after purchasing an additional 7,830 shares during the period. Valley Wealth Managers Inc. boosted its holdings in shares of National Fuel Gas by 8.1% in the 3rd quarter. Valley Wealth Managers Inc. now owns 325,966 shares of the oil and gas producer’s stock worth $19,757,000 after buying an additional 24,564 shares during the last quarter. Franklin Resources Inc. grew its position 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 buying an additional 55,152 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its holdings in National Fuel Gas by 0.5% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 159,753 shares of the oil and gas producer’s stock worth $9,694,000 after buying an additional 792 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

NFG has been the topic of a number of research analyst reports. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price objective on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Finally, Argus raised National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.00.

National Fuel Gas Price Performance

NFG opened at $73.49 on Friday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of -524.91 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $68.73 and a 200-day moving average price of $63.59. National Fuel Gas has a twelve month low of $50.22 and a twelve month high of $76.26.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, beating 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 business posted $1.46 EPS. Equities analysts expect that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Company Profile

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.