National Fuel Gas (NYSE:NFG) Cut to Sell at StockNews.com

National Fuel Gas (NYSE:NFGGet Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

National Fuel Gas Stock Down 1.5 %

Shares of NFG opened at $46.80 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.41 and a debt-to-equity ratio of 0.80. National Fuel Gas has a 12 month low of $46.45 and a 12 month high of $60.81. The stock’s 50 day moving average is $49.79 and its two-hundred day moving average is $51.65. The firm has a market cap of $4.31 billion, a P/E ratio of 9.05, a PEG ratio of 1.43 and a beta of 0.62.

Hedge Funds Weigh In On National Fuel Gas

Several hedge funds and other institutional investors have recently made changes to their positions in NFG. Blue Trust Inc. lifted its position in shares of National Fuel Gas by 119.8% in the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 309 shares in the last quarter. Belpointe Asset Management LLC lifted its position in National Fuel Gas by 145.5% during the first quarter. Belpointe Asset Management LLC now owns 572 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 339 shares in the last quarter. Quent Capital LLC lifted its position in National Fuel Gas by 166.4% during the fourth quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock worth $35,000 after buying an additional 431 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in National Fuel Gas by 134.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 770 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 442 shares in the last quarter. Finally, Artemis Wealth Advisors LLC purchased a new position in National Fuel Gas during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

About National Fuel Gas

(Get Free Report)

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.

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