Keybank National Association OH Purchases 1,064 Shares of National Fuel Gas (NYSE:NFG)

Keybank National Association OH raised its position in National Fuel Gas (NYSE:NFG) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 55,361 shares of the oil and gas producer’s stock after buying an additional 1,064 shares during the quarter. Keybank National Association OH’s holdings in National Fuel Gas were worth $3,359,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NFG. Kentucky Trust Co purchased a new position in shares of National Fuel Gas during the fourth quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in National Fuel Gas during the third quarter valued at approximately $28,000. UMB Bank n.a. grew its stake in National Fuel Gas by 82.9% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 218 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of National Fuel Gas in the 3rd quarter worth $35,000. Finally, S.A. Mason LLC purchased a new stake in shares of National Fuel Gas during the 4th quarter valued at $38,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Price Performance

NFG stock opened at $73.49 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39. The firm has a market cap of $6.65 billion, a P/E ratio of -524.91 and a beta of 0.57. The firm’s fifty day moving average is $68.73 and its 200 day moving average is $63.59. National Fuel Gas has a 52 week low of $50.22 and a 52 week high of $76.26.

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 positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter in the previous year, the company earned $1.46 EPS. Research analysts predict that National Fuel Gas will post 6.64 earnings per share for the current year.

Wall Street Analyst Weigh In

NFG has been the subject of several research reports. JPMorgan Chase & Co. cut 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 report on Tuesday, November 12th. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Argus raised National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, National Fuel Gas presently has an average rating of “Hold” and a consensus target price of $69.00.

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.