Great West Life Assurance Co. Can Reduces Position in National Fuel Gas (NYSE:NFG)

Great West Life Assurance Co. Can decreased its stake in shares of National Fuel Gas (NYSE:NFGGet Rating) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,060 shares of the oil and gas producer’s stock after selling 423 shares during the period. Great West Life Assurance Co. Can owned 0.07% of National Fuel Gas worth $3,699,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC purchased a new position in National Fuel Gas during the third quarter worth $26,000. Adirondack Trust Co. purchased a new stake in shares of National Fuel Gas in the third quarter valued at $29,000. Lindbrook Capital LLC grew its position in shares of National Fuel Gas by 47.5% in the second quarter. Lindbrook Capital LLC now owns 553 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 178 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of National Fuel Gas in the second quarter valued at $40,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of National Fuel Gas in the second quarter valued at $41,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.

Analysts Set New Price Targets

NFG has been the subject of a number of recent analyst reports. Raymond James lowered their price objective on National Fuel Gas from $86.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, October 24th. Scotiabank downgraded National Fuel Gas from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $91.00 to $85.00 in a research report on Tuesday, January 17th. Finally, StockNews.com initiated coverage on National Fuel Gas in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $59.35 on Tuesday. National Fuel Gas has a twelve month low of $57.60 and a twelve month high of $75.97. The stock has a market capitalization of $5.43 billion, a P/E ratio of 9.67, a PEG ratio of 0.92 and a beta of 0.72. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00. The business’s fifty day moving average price is $63.01 and its 200 day moving average price is $66.03.

National Fuel Gas (NYSE:NFGGet Rating) last issued its earnings results on Thursday, November 3rd. The oil and gas producer reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.07). National Fuel Gas had a net margin of 25.89% and a return on equity of 26.88%. The firm had revenue of $435.15 million during the quarter, compared to analyst estimates of $494.08 million. As a group, research analysts anticipate that National Fuel Gas will post 6.59 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, December 29th. National Fuel Gas’s dividend payout ratio is presently 30.94%.

About National Fuel Gas

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National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, storage, and distribution of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment seeks to discover and produce raw materials.

Further Reading

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

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