Diversified Trust Co purchased a new position in National Fuel Gas (NYSE:NFG – Get Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,081 shares of the oil and gas producer's stock, valued at approximately $336,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of National Fuel Gas by 8.8% in the first quarter. Vanguard Group Inc. now owns 10,208,957 shares of the oil and gas producer's stock worth $701,355,000 after purchasing an additional 822,589 shares during the period. State Street Corp grew its position in National Fuel Gas by 20.7% in the first quarter. State Street Corp now owns 7,298,076 shares of the oil and gas producer's stock valued at $504,599,000 after acquiring an additional 1,252,192 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in National Fuel Gas by 6,868.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,305,529 shares of the oil and gas producer's stock valued at $83,253,000 after acquiring an additional 1,286,795 shares during the last quarter. Bank of New York Mellon Corp grew its position in National Fuel Gas by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 1,293,117 shares of the oil and gas producer's stock valued at $88,837,000 after acquiring an additional 63,496 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in National Fuel Gas by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 1,135,707 shares of the oil and gas producer's stock valued at $72,617,000 after acquiring an additional 38,443 shares during the last quarter. Institutional investors own 74.44% of the company's stock.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $64.55 on Friday. The business's 50-day moving average price is $70.43 and its 200-day moving average price is $69.47. National Fuel Gas has a 12 month low of $51.11 and a 12 month high of $75.97. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.83 and a beta of 0.68. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 1.04.

National Fuel Gas Dividend Announcement

Analyst Ratings Changes

A number of research firms have issued reports on NFG. Scotiabank reiterated an "assumes" rating on shares of National Fuel Gas in a research report on Monday, July 25th. The Goldman Sachs Group decreased their target price on National Fuel Gas from $68.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 5th. Finally, Raymond James lifted their price target on National Fuel Gas from $76.00 to $86.00 in a research note on Friday, June 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $70.67.

National Fuel Gas Profile

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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 in California and in the Appalachian region of the United States.

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