Nuveen Asset Management LLC Sells 5,764 Shares of National Fuel Gas (NYSE:NFG)

Nuveen Asset Management LLC cut its stake in National Fuel Gas (NYSE:NFG – Get Rating) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,628 shares of the oil and gas producer’s stock after selling 5,764 shares during the quarter. Nuveen Asset Management LLC owned 0.20% of National Fuel Gas worth $11,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Raymond James & Associates boosted its position in shares of National Fuel Gas by 0.4% in the first quarter. Raymond James & Associates now owns 47,532 shares of the oil and gas producer’s stock worth $3,265,000 after purchasing an additional 170 shares during the period. IVC Wealth Advisors LLC raised its position in shares of National Fuel Gas by 5.5% in the 3rd quarter. IVC Wealth Advisors LLC now owns 3,365 shares of the oil and gas producer’s stock valued at $207,000 after purchasing an additional 175 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of National Fuel Gas by 0.3% in the 3rd quarter. New York State Common Retirement Fund now owns 80,414 shares of the oil and gas producer’s stock valued at $4,949,000 after purchasing an additional 218 shares during the last quarter. Herold Advisors Inc. raised its position in National Fuel Gas by 6.8% during the 3rd quarter. Herold Advisors Inc. now owns 3,900 shares of the oil and gas producer’s stock worth $240,000 after buying an additional 250 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its stake in shares of National Fuel Gas by 1.4% during the 3rd quarter. First Republic Investment Management Inc. now owns 18,061 shares of the oil and gas producer’s stock worth $1,112,000 after purchasing an additional 255 shares during the period. 72.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NFG shares. Scotiabank cut shares of National Fuel Gas from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $91.00 to $85.00 in a research note on Tuesday, January 17th. Raymond James lowered shares of National Fuel Gas from an “outperform” rating to a “market perform” rating in a research note on Monday, February 6th.

National Fuel Gas Stock Performance

Shares of NFG opened at $57.97 on Thursday. The stock has a 50 day moving average price of $59.07 and a 200 day moving average price of $63.57. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.07 and a beta of 0.66. National Fuel Gas has a 52-week low of $56.21 and a 52-week high of $75.97.

National Fuel Gas (NYSE:NFG – Get Rating) last announced its quarterly earnings results on Friday, February 3rd. The oil and gas producer reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.19. The firm had revenue of $658.86 million during the quarter, compared to the consensus estimate of $600.10 million. National Fuel Gas had a return on equity of 27.11% and a net margin of 26.25%. During the same period in the prior year, the company posted $1.48 earnings per share. Research analysts predict that National Fuel Gas will post 5.45 EPS for the current fiscal year.

National Fuel Gas Company Profile

(Get Rating)

National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, storage, and distribution of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment seeks to discover and produce raw materials.