HBK Sorce Advisory LLC Sells 481 Shares of National Fuel Gas (NYSE:NFG)

HBK Sorce Advisory LLC trimmed its position in National Fuel Gas (NYSE:NFG) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,262 shares of the oil and gas producer’s stock after selling 481 shares during the period. HBK Sorce Advisory LLC’s holdings in National Fuel Gas were worth $1,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in National Fuel Gas by 0.8% during the first quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer’s stock worth $715,178,000 after purchasing an additional 104,587 shares during the last quarter. Energy Income Partners LLC boosted its stake in shares of National Fuel Gas by 2.4% during the 1st quarter. Energy Income Partners LLC now owns 2,595,437 shares of the oil and gas producer’s stock worth $139,427,000 after buying an additional 62,009 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of National Fuel Gas by 3.5% in the 1st quarter. Gabelli Funds LLC now owns 2,508,682 shares of the oil and gas producer’s stock valued at $134,766,000 after acquiring an additional 84,305 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of National Fuel Gas by 46.5% in the second quarter. Victory Capital Management Inc. now owns 1,732,969 shares of the oil and gas producer’s stock valued at $93,910,000 after acquiring an additional 550,153 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of National Fuel Gas by 7.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,320,850 shares of the oil and gas producer’s stock valued at $70,956,000 after acquiring an additional 96,410 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 6,357 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $54.83, for a total transaction of $348,554.31. Following the completion of the sale, the general counsel now directly owns 9,903 shares in the company, valued at $542,981.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.55% of the stock is currently owned by corporate insiders.

National Fuel Gas Price Performance

NYSE:NFG opened at $60.22 on Friday. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $60.75. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 11.95 and a beta of 0.62. The stock’s 50 day moving average price is $58.38 and its two-hundred day moving average price is $55.45. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 0.85.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The business had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $540.62 million. During the same quarter in the prior year, the business earned $1.01 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts anticipate that National Fuel Gas will post 5.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on NFG. JPMorgan Chase & Co. decreased their price target on National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday. StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, Scotiabank boosted their target price on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th.

About National Fuel Gas

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.