Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Sells 49,900 Shares of National Fuel Gas Co. (NYSE:NFG)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lessened its position in National Fuel Gas Co. (NYSE:NFG) by 55.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,300 shares of the oil and gas producer’s stock after selling 49,900 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in National Fuel Gas were worth $2,063,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in NFG. Oregon Public Employees Retirement Fund grew its stake in National Fuel Gas by 5,018.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 1,698,894 shares in the last quarter. Vanguard Group Inc grew its stake in National Fuel Gas by 7.7% in the third quarter. Vanguard Group Inc now owns 8,478,951 shares of the oil and gas producer’s stock valued at $475,330,000 after purchasing an additional 607,091 shares in the last quarter. Vanguard Group Inc. grew its stake in National Fuel Gas by 7.7% in the third quarter. Vanguard Group Inc. now owns 8,478,951 shares of the oil and gas producer’s stock valued at $475,330,000 after purchasing an additional 607,091 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in National Fuel Gas by 504.6% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 632,556 shares of the oil and gas producer’s stock valued at $32,374,000 after purchasing an additional 527,934 shares in the last quarter. Finally, LSV Asset Management grew its stake in National Fuel Gas by 422.6% in the fourth quarter. LSV Asset Management now owns 511,659 shares of the oil and gas producer’s stock valued at $26,186,000 after purchasing an additional 413,759 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on NFG. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. US Capital Advisors downgraded National Fuel Gas from an “overweight” rating to a “hold” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $66.00.

In related news, Director David F. Smith sold 9,700 shares of the business’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $58.24, for a total value of $564,928.00. Following the completion of the sale, the director now directly owns 363,168 shares in the company, valued at approximately $21,150,904.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paula M. Ciprich sold 10,227 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $60.42, for a total value of $617,915.34. Following the completion of the sale, the vice president now owns 73,702 shares of the company’s stock, valued at $4,453,074.84. The disclosure for this sale can be found here. Insiders have sold a total of 22,284 shares of company stock valued at $1,324,593 over the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Shares of NYSE NFG traded up $0.54 during midday trading on Monday, hitting $60.94. 508,600 shares of the company’s stock were exchanged, compared to its average volume of 464,606. The company has a current ratio of 1.25, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. National Fuel Gas Co. has a 12 month low of $49.60 and a 12 month high of $61.71. The company has a market capitalization of $5.24 billion, a P/E ratio of 18.25, a P/E/G ratio of 6.19 and a beta of 0.88.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, January 31st. The oil and gas producer reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.05. National Fuel Gas had a return on equity of 15.26% and a net margin of 17.77%. The company had revenue of $490.25 million during the quarter, compared to the consensus estimate of $477.76 million. Analysts predict that National Fuel Gas Co. will post 3.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.79%. National Fuel Gas’s dividend payout ratio is currently 50.90%.

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National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

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

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