National Fuel Gas (NYSE:NFG) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in National Fuel Gas (NYSE:NFG - Free Report) by 142.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,317 shares of the oil and gas producer's stock after purchasing an additional 84,860 shares during the period. Wellington Management Group LLP owned about 0.16% of National Fuel Gas worth $8,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kentucky Trust Co purchased a new position in National Fuel Gas during the 4th quarter worth $25,000. UMB Bank n.a. grew its position in shares of National Fuel Gas by 82.9% during the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer's stock worth $29,000 after buying an additional 218 shares in the last quarter. S.A. Mason LLC purchased a new position in shares of National Fuel Gas during the fourth quarter valued at $38,000. V Square Quantitative Management LLC raised its holdings in shares of National Fuel Gas by 49.5% in the fourth quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer's stock valued at $44,000 after acquiring an additional 239 shares in the last quarter. Finally, IAG Wealth Partners LLC purchased a new stake in National Fuel Gas in the fourth quarter worth about $46,000. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Stock Up 0.6 %

Shares of NFG stock traded up $0.45 during trading hours on Tuesday, reaching $78.02. 83,962 shares of the company's stock were exchanged, compared to its average volume of 546,582. National Fuel Gas has a fifty-two week low of $51.46 and a fifty-two week high of $80.14. The stock's 50 day moving average is $75.11 and its 200-day moving average is $67.08. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.07 billion, a price-to-earnings ratio of -557.20 and a beta of 0.61.

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

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.515 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.06 dividend on an annualized basis and a yield of 2.64%. National Fuel Gas's dividend payout ratio is currently -1,471.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a research report on Thursday, March 13th. StockNews.com downgraded shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, National Fuel Gas currently has a consensus rating of "Hold" and a consensus price target of $74.67.

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.