Wellington Management Group LLP Has $3.60 Million Stock Holdings in National Fuel Gas (NYSE:NFG)

Wellington Management Group LLP trimmed its stake in National Fuel Gas (NYSE:NFG) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,457 shares of the oil and gas producer’s stock after selling 1,438 shares during the quarter. Wellington Management Group LLP owned about 0.07% of National Fuel Gas worth $3,604,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Gabelli Funds LLC grew its holdings in shares of National Fuel Gas by 1.0% during the second quarter. Gabelli Funds LLC now owns 2,533,482 shares of the oil and gas producer’s stock valued at $137,289,000 after buying an additional 24,800 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of National Fuel Gas by 44.2% during the third quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock valued at $151,416,000 after buying an additional 765,236 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of National Fuel Gas by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,274,893 shares of the oil and gas producer’s stock valued at $69,086,000 after buying an additional 3,816 shares during the last quarter. Equity Investment Corp grew its holdings in shares of National Fuel Gas by 0.4% during the second quarter. Equity Investment Corp now owns 1,246,822 shares of the oil and gas producer’s stock valued at $67,565,000 after buying an additional 4,636 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of National Fuel Gas by 11.2% during the second quarter. Dimensional Fund Advisors LP now owns 930,775 shares of the oil and gas producer’s stock valued at $50,441,000 after buying an additional 93,780 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total value of $103,309.00. Following the sale, the general counsel now owns 8,203 shares of the company’s stock, valued at approximately $498,496.31. The trade was a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Justin I. Loweth sold 19,532 shares of National Fuel Gas stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $62.27, for a total transaction of $1,216,257.64. Following the completion of the sale, the insider now directly owns 41,841 shares in the company, valued at approximately $2,605,439.07. This represents a 31.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,232 shares of company stock valued at $1,945,367. Company insiders own 1.55% of the company’s stock.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $60.62 on Wednesday. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 74.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.32. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $65.06. The firm’s 50-day simple moving average is $61.61 and its two-hundred day simple moving average is $59.20.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.40%. The ex-dividend date is Tuesday, December 31st. National Fuel Gas’s dividend payout ratio is 254.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NFG shares. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Bank of America initiated coverage on shares of National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 price target on the stock. Argus upgraded shares of National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, Scotiabank boosted their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, National Fuel Gas currently has an average rating of “Hold” and an average target price of $69.00.

National Fuel Gas Company 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.