KBC Group NV Has $135,000 Position in National Fuel Gas (NYSE:NFG)

KBC Group NV increased its holdings in National Fuel Gas (NYSE:NFGFree Report) by 160.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,697 shares of the oil and gas producer’s stock after purchasing an additional 1,660 shares during the quarter. KBC Group NV’s holdings in National Fuel Gas were worth $135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in National Fuel Gas by 26.7% during the 4th quarter. Nordea Investment Management AB now owns 103,314 shares of the oil and gas producer’s stock worth $5,142,000 after buying an additional 21,748 shares during the period. Vanguard Group Inc. lifted its holdings in National Fuel Gas by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,190,115 shares of the oil and gas producer’s stock worth $684,699,000 after buying an additional 311,599 shares during the period. Wells Fargo & Company MN lifted its holdings in National Fuel Gas by 8.3% during the 4th quarter. Wells Fargo & Company MN now owns 263,689 shares of the oil and gas producer’s stock worth $13,229,000 after buying an additional 20,203 shares during the period. Cullen Investment Group LTD. acquired a new position in National Fuel Gas during the 4th quarter worth about $1,674,000. Finally, Mackenzie Financial Corp lifted its holdings in National Fuel Gas by 12.9% during the 4th quarter. Mackenzie Financial Corp now owns 298,410 shares of the oil and gas producer’s stock worth $14,971,000 after buying an additional 34,156 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Stock Performance

NFG stock opened at $56.29 on Tuesday. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $57.60. The firm has a market cap of $5.17 billion, a PE ratio of 11.19 and a beta of 0.62. The stock has a 50-day moving average price of $54.78 and a 200-day moving average price of $51.59. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72.

National Fuel Gas (NYSE:NFGGet Free Report) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.38. National Fuel Gas had a return on equity of 15.06% and a net margin of 23.84%. The business had revenue of $629.94 million during the quarter, compared to analyst estimates of $767.33 million. During the same period in the previous year, the company posted $1.54 EPS. The firm’s revenue was down 12.2% compared to the same quarter last year. As a group, equities research analysts expect that National Fuel Gas will post 5.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Scotiabank lifted their price objective on National Fuel Gas from $72.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 9th.

Get Our Latest Stock Analysis on NFG

About National Fuel Gas

(Free Report)

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.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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