National Fuel Gas Co. (NFG) : Advisory Services Network reduced its stake in National Fuel Gas Co. by 0.97% during the most recent quarter end. The investment management company now holds a total of 5,947 shares of National Fuel Gas Co. which is valued at $317,570 after selling 58 shares in National Fuel Gas Co. , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.National Fuel Gas Co. makes up approximately 0.06% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in NFG by selling 4,256 shares or 17.22% in the most recent quarter. The Hedge Fund company now holds 20,455 shares of NFG which is valued at $1,092,297. National Fuel Gas Co. makes up approx 0.15% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in NFG by selling 25,791 shares or 73.2% in the most recent quarter. The Hedge Fund company now holds 9,442 shares of NFG which is valued at $510,812.
National Fuel Gas Co. closed down -0.6 points or -1.11% at $53.4 with 3,10,245 shares getting traded on Friday. Post opening the session at $54.05, the shares hit an intraday low of $53.17 and an intraday high of $54.435 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, National Fuel Gas Co. reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.65. The company had revenue of $335.60 million for the quarter, compared to analysts expectations of $388.67 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on National Fuel Gas Co.. Company shares were Reiterated by Barclays on Aug 10, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 61 from a previous price target of $47 .
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production gathering transportation distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production including operations carried out through its subsidiary Seneca Resources Corporation; Pipeline and Storage including operations carried out through its subsidiaries National Fuel Gas Supply Corporation and Empire Pipeline Inc.; Gathering including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility including operations are carried out by through its subsidiary Distribution Corporation and Energy Marketing including operations carried out through its subsidiary National Fuel Resources Inc. The Company operates an integrated business with assets centered in western New York and Pennsylvania. The Company also develops and produces oil reserves primarily in California.