Lindbrook Capital LLC Decreases Holdings in National Fuel Gas (NYSE:NFG)

Lindbrook Capital LLC lessened its stake in shares of National Fuel Gas (NYSE:NFG) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 620 shares of the oil and gas producer’s stock after selling 170 shares during the period. Lindbrook Capital LLC’s holdings in National Fuel Gas were worth $38,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NFG. QRG Capital Management Inc. increased its holdings in National Fuel Gas by 11.2% during the third quarter. QRG Capital Management Inc. now owns 8,895 shares of the oil and gas producer’s stock worth $539,000 after buying an additional 894 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of National Fuel Gas in the third quarter worth about $28,000. CWA Asset Management Group LLC purchased a new position in shares of National Fuel Gas in the third quarter worth about $406,000. Atria Investments Inc purchased a new position in shares of National Fuel Gas in the third quarter worth about $219,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of National Fuel Gas in the third quarter worth about $35,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NFG shares. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Argus upgraded shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.00.

National Fuel Gas Price Performance

Shares of NYSE:NFG opened at $74.12 on Friday. The company has a 50 day moving average of $69.26 and a 200 day moving average of $63.80. The stock has a market cap of $6.71 billion, a P/E ratio of -529.40 and a beta of 0.57. National Fuel Gas has a 12 month low of $50.44 and a 12 month high of $76.26. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating the consensus estimate 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 company earned $1.46 earnings per share. As a group, sell-side analysts forecast that National Fuel Gas will post 6.64 EPS for the current fiscal 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.