National Fuel Gas (NYSE:NFG) Shares Purchased by Kendall Capital Management

Kendall Capital Management raised its holdings in shares of National Fuel Gas (NYSE:NFG) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,783 shares of the oil and gas producer’s stock after purchasing an additional 1,213 shares during the quarter. Kendall Capital Management’s holdings in National Fuel Gas were worth $897,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NFG. Kentucky Trust Co acquired a new stake in National Fuel Gas during the 4th quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in National Fuel Gas during the 3rd quarter valued at approximately $28,000. UMB Bank n.a. grew its stake in National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 218 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in National Fuel Gas during the 3rd quarter valued at approximately $35,000. Finally, S.A. Mason LLC acquired a new stake in National Fuel Gas during the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Trading Up 0.8 %

Shares of NYSE NFG opened at $74.12 on Friday. The company has a market cap of $6.71 billion, a price-to-earnings 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. The stock’s 50 day simple moving average is $69.26 and its 200 day simple moving average is $63.80.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Argus upgraded National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. decreased their target price on 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.