National Fuel Gas Company $NFG Stock Holdings Lowered by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in National Fuel Gas Company (NYSE:NFG) by 40.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,403 shares of the oil and gas producer’s stock after selling 14,727 shares during the period. Wellington Management Group LLP’s holdings in National Fuel Gas were worth $1,653,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its stake in National Fuel Gas by 458.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 229 shares during the period. Fairscale Capital LLC acquired a new stake in shares of National Fuel Gas in the fourth quarter valued at approximately $29,000. HM Payson & Co. acquired a new stake in shares of National Fuel Gas in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of National Fuel Gas during the first quarter valued at approximately $38,000. Finally, Bogart Wealth LLC raised its holdings in shares of National Fuel Gas by 170.2% during the first quarter. Bogart Wealth LLC now owns 516 shares of the oil and gas producer’s stock valued at $49,000 after buying an additional 325 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings lowered National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. KeyCorp restated an “overweight” rating on shares of National Fuel Gas in a research report on Monday, August 31st. Finally, Wall Street Zen downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.50.

National Fuel Gas Stock Performance

Shares of NFG opened at $80.91 on Friday. The firm has a market capitalization of $7.69 billion, a PE ratio of 11.24, a P/E/G ratio of 1.83 and a beta of 0.37. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $81.79 and a 200 day moving average price of $84.24. National Fuel Gas Company has a 52-week low of $75.17 and a 52-week high of $97.06.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. The company had revenue of $537.50 million for the quarter, compared to the consensus estimate of $564.33 million. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. National Fuel Gas’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. On average, sell-side analysts anticipate that National Fuel Gas Company will post 7.49 earnings per share for the current fiscal year.

National Fuel Gas Company Profile

National Fuel Gas Company (NYSE:NFG) is a diversified energy company with operations spanning natural gas exploration and production, pipeline transportation and storage, and utility distribution. Through its subsidiaries, the company develops, produces, gathers, stores and transports natural gas, primarily serving markets in the northeastern United States.

National Fuel’s exploration and production business is operated through Seneca Resources Company, which focuses on developing natural gas reserves in the Appalachian region, including the Marcellus and Utica shale formations.