Meeder Asset Management Inc. Sells 3,627 Shares of National Fuel Gas (NYSE:NFG)

Meeder Asset Management Inc. decreased its holdings in shares of National Fuel Gas (NYSE:NFG - Free Report) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,947 shares of the oil and gas producer's stock after selling 3,627 shares during the quarter. Meeder Asset Management Inc.'s holdings in National Fuel Gas were worth $2,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP increased its position in National Fuel Gas by 142.7% during the fourth quarter. Wellington Management Group LLP now owns 144,317 shares of the oil and gas producer's stock worth $8,757,000 after purchasing an additional 84,860 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of National Fuel Gas during the 4th quarter valued at $16,906,000. CIBC Private Wealth Group LLC increased its holdings in shares of National Fuel Gas by 14.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,221 shares of the oil and gas producer's stock worth $76,000 after buying an additional 153 shares during the last quarter. Schroder Investment Management Group raised its position in shares of National Fuel Gas by 4.0% in the 4th quarter. Schroder Investment Management Group now owns 9,122 shares of the oil and gas producer's stock worth $551,000 after buying an additional 350 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in National Fuel Gas by 40.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 66,301 shares of the oil and gas producer's stock valued at $4,023,000 after acquiring an additional 19,111 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on NFG. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $74.67.

National Fuel Gas Stock Down 1.4 %

Shares of NYSE:NFG traded down $1.16 during trading on Thursday, reaching $78.80. 562,621 shares of the company traded hands, compared to its average volume of 534,248. National Fuel Gas has a 1-year low of $51.46 and a 1-year high of $80.14. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. The firm has a market cap of $7.14 billion, a P/E ratio of -563.07 and a beta of 0.57. The firm has a fifty day simple moving average of $74.16 and a 200 day simple moving average of $66.08.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $1.46 EPS. Analysts anticipate that National Fuel Gas will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Monday, March 31st. National Fuel Gas's dividend payout ratio is -1,471.43%.

National Fuel Gas 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.