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

Wellington Management Group LLP decreased its position in National Fuel Gas Company (NYSE:NFGFree Report) by 40.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor 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.

Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in National Fuel Gas by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock valued at $12,667,000 after acquiring an additional 36,913 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of National Fuel Gas in the 1st quarter worth approximately $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of National Fuel Gas by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock worth $17,480,000 after purchasing an additional 8,304 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of National Fuel Gas by 79.5% in the 1st quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock worth $1,008,000 after purchasing an additional 5,638 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of National Fuel Gas in the 1st quarter worth approximately $138,000. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

NFG stock opened at $80.91 on Friday. National Fuel Gas Company has a one year low of $75.17 and a one year high of $97.06. The firm has a 50-day moving average of $81.79 and a two-hundred day moving average of $84.24. 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 current ratio of 3.20, a quick ratio of 3.07 and a debt-to-equity ratio of 0.91.

National Fuel Gas (NYSE:NFGGet Free Report) last released its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.10. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The business had revenue of $537.50 million for the quarter, compared to the consensus estimate of $564.33 million. During the same period last year, the firm posted $1.64 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts forecast that National Fuel Gas Company will post 7.49 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on National Fuel Gas

National Fuel Gas Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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