Private Capital Management buys $23,362,983 stake in National Fuel Gas Co. (NFG)

National Fuel Gas Co. (NFG) : Private Capital Management scooped up 46,915 additional shares in National Fuel Gas Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 409,805 shares of National Fuel Gas Co. which is valued at $23,362,983.National Fuel Gas Co. makes up approximately 2.96% of Private Capital Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in NFG in the latest quarter, The investment management firm added 9,330 additional shares and now holds a total of 37,590 shares of National Fuel Gas Co. which is valued at $2,143,006. National Fuel Gas Co. makes up approx 0.11% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Allianz Asset Management Ag reduced its stake in NFG by selling 276,281 shares or 26.53% in the most recent quarter. The Hedge Fund company now holds 765,166 shares of NFG which is valued at $43,622,114. National Fuel Gas Co. makes up approx 0.06% of Allianz Asset Management Ag’s portfolio.Blackrock Investment Management boosted its stake in NFG in the latest quarter, The investment management firm added 5,910 additional shares and now holds a total of 273,040 shares of National Fuel Gas Co. which is valued at $15,566,010. National Fuel Gas Co. makes up approx 0.02% of Blackrock Investment Management’s portfolio.Retirement Systems Of Alabama boosted its stake in NFG in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 109,562 shares of National Fuel Gas Co. which is valued at $6,066,448. National Fuel Gas Co. makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.

National Fuel Gas Co. closed down -0.57 points or -1.00% at $56.49 with 3,82,899 shares getting traded on Thursday. Post opening the session at $56.85, the shares hit an intraday low of $56.445 and an intraday high of $57.46 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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