PNC Financial Services Group Inc. Raises Stock Position in National Fuel Gas (NYSE:NFG)

PNC Financial Services Group Inc. boosted its position in shares of National Fuel Gas (NYSE:NFG) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,347 shares of the oil and gas producer’s stock after acquiring an additional 728 shares during the period. PNC Financial Services Group Inc.’s holdings in National Fuel Gas were worth $4,875,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NFG. Kentucky Trust Co purchased a new position in National Fuel Gas during the fourth quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in National Fuel Gas by 82.9% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 218 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in National Fuel Gas in the 3rd quarter worth approximately $35,000. S.A. Mason LLC purchased a new position in National Fuel Gas in the 4th quarter worth approximately $38,000. Finally, V Square Quantitative Management LLC grew its stake in National Fuel Gas by 49.5% in the 4th quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $69.00.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock 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 price-to-earnings ratio of -526.29 and a beta of 0.57. The company has a fifty day moving average of $70.06 and a 200-day moving average of $64.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data 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 period in the previous year, the business posted $1.46 earnings per share. Equities research 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.