Wellington Management Group LLP Purchases Shares of 11,108 National Fuel Gas Company (NFG)

Wellington Management Group LLP purchased a new position in National Fuel Gas Company (NYSE:NFG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,108 shares of the oil and gas producer’s stock, valued at approximately $662,000.

Several other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of National Fuel Gas by 2.8% in the first quarter. Principal Financial Group Inc. now owns 346,108 shares of the oil and gas producer’s stock worth $20,635,000 after buying an additional 9,345 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of National Fuel Gas by 17.2% in the first quarter. OppenheimerFunds Inc. now owns 6,175 shares of the oil and gas producer’s stock worth $368,000 after buying an additional 906 shares during the last quarter. Credit Agricole S A bought a new stake in shares of National Fuel Gas during the first quarter worth $458,000. Rafferty Asset Management LLC boosted its stake in shares of National Fuel Gas by 97.1% in the first quarter. Rafferty Asset Management LLC now owns 7,195 shares of the oil and gas producer’s stock worth $429,000 after buying an additional 3,545 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of National Fuel Gas by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 39,470 shares of the oil and gas producer’s stock worth $2,353,000 after buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.

Shares of National Fuel Gas Company (NYSE NFG) traded down 0.84% during trading on Friday, reaching $58.11. The company had a trading volume of 357,026 shares. National Fuel Gas Company has a 12-month low of $50.61 and a 12-month high of $61.25. The firm has a 50-day moving average of $57.91 and a 200-day moving average of $57.72. The company has a market cap of $4.97 billion, a P/E ratio of 18.10 and a beta of 0.97.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The company had revenue of $348.37 million during the quarter, compared to analysts’ expectations of $373.86 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, equities research analysts anticipate that National Fuel Gas Company will post $3.27 EPS for the current year.

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A number of brokerages recently issued reports on NFG. BidaskClub lowered National Fuel Gas from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 price objective on shares of National Fuel Gas in a report on Friday, July 14th. Scotiabank set a $58.00 price objective on National Fuel Gas and gave the stock a “hold” rating in a report on Saturday, July 1st. TheStreet raised National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. Finally, ValuEngine lowered National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $58.33.

About National Fuel Gas

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

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

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