Oppenheimer Asset Management Inc. Has $7.23 Million Stock Holdings in National Fuel Gas (NYSE:NFG)

Oppenheimer Asset Management Inc. boosted its holdings in shares of National Fuel Gas (NYSE:NFG) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,466 shares of the oil and gas producer’s stock after purchasing an additional 3,091 shares during the period. Oppenheimer Asset Management Inc. owned about 0.15% of National Fuel Gas worth $7,233,000 as of its most recent SEC filing.

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

Insider Buying and Selling

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 value of $348,554.31. Following the transaction, the general counsel now directly owns 9,903 shares of the company’s stock, valued at $542,981.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.55% of the stock is currently owned by insiders.

National Fuel Gas Stock Up 1.8 %

Shares of NFG opened at $60.25 on Monday. The business’s fifty day moving average price is $58.38 and its two-hundred day moving average price is $55.55. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 11.95 and a beta of 0.62. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $60.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, topping 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 firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $540.62 million. During the same period last year, the company earned $1.01 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis. On average, analysts predict that National Fuel Gas will post 5.13 earnings per share for the current year.

Wall Street Analyst Weigh In

NFG has been the subject of a number of recent analyst reports. StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, August 5th. JPMorgan Chase & Co. reduced their price target on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Scotiabank raised their price objective on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th.

National Fuel Gas 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.