Ashton Thomas Private Wealth LLC Raises Position in National Fuel Gas (NYSE:NFG)

Ashton Thomas Private Wealth LLC grew its holdings in National Fuel Gas (NYSE:NFG) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,604 shares of the oil and gas producer’s stock after purchasing an additional 1,073 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in National Fuel Gas were worth $710,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Kentucky Trust Co purchased a new position in National Fuel Gas in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in National Fuel Gas in the 3rd quarter worth approximately $28,000. UMB Bank n.a. lifted its stake in National Fuel Gas by 82.9% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 218 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in National Fuel Gas in the 3rd quarter worth approximately $35,000. Finally, S.A. Mason LLC purchased a new position in National Fuel Gas in the 4th quarter worth approximately $38,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Stock Up 0.8 %

Shares of NYSE NFG opened at $74.12 on Monday. The company has a 50 day simple moving average of $69.26 and a 200-day simple moving average of $63.83. The company has a market capitalization of $6.71 billion, a P/E ratio of -529.40 and a beta of 0.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.33. National Fuel Gas has a 1 year low of $50.44 and a 1 year high of $76.26.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same quarter in the prior year, the company posted $1.46 earnings per share. On average, equities research analysts predict that National Fuel Gas will post 6.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $69.00.

National Fuel Gas Company 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.