Connor Clark & Lunn Investment Management Ltd. Has $467,000 Stock Holdings in National Fuel Gas (NYSE:NFG)

Connor Clark & Lunn Investment Management Ltd. decreased its position in National Fuel Gas (NYSE:NFG - Free Report) by 70.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,702 shares of the oil and gas producer's stock after selling 18,129 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in National Fuel Gas were worth $467,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NFG. Victory Capital Management Inc. raised its position in National Fuel Gas by 44.2% in the third quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer's stock worth $151,416,000 after acquiring an additional 765,236 shares in the last quarter. AQR Capital Management LLC boosted its holdings in National Fuel Gas by 159.5% during the second quarter. AQR Capital Management LLC now owns 880,434 shares of the oil and gas producer's stock worth $47,711,000 after buying an additional 541,176 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of National Fuel Gas by 194.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 378,588 shares of the oil and gas producer's stock valued at $20,516,000 after buying an additional 249,967 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of National Fuel Gas by 262.5% during the 2nd quarter. Mackenzie Financial Corp now owns 318,078 shares of the oil and gas producer's stock valued at $17,237,000 after acquiring an additional 230,332 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of National Fuel Gas during the 2nd quarter worth $10,741,000. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Stock Up 0.8 %

Shares of National Fuel Gas stock traded up $0.51 on Friday, hitting $63.97. 259,501 shares of the company traded hands, compared to its average volume of 521,280. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $65.06. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77. The company has a market cap of $5.81 billion, a PE ratio of 78.96 and a beta of 0.62. The company has a 50-day moving average price of $61.33 and a 200 day moving average price of $58.69.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 dividend on an annualized basis and a yield of 3.22%. National Fuel Gas's dividend payout ratio (DPR) is currently 254.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Scotiabank upped their target price on National Fuel Gas from $80.00 to $81.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. StockNews.com lowered shares of National Fuel Gas from a "hold" rating to a "sell" rating in a report on Saturday. Argus upgraded shares of National Fuel Gas to a "strong-buy" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. decreased their target price on National Fuel Gas from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. Finally, Bank of America assumed coverage on National Fuel Gas in a research note on Monday, October 28th. They issued an "underperform" rating and a $62.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, National Fuel Gas currently has an average rating of "Hold" and a consensus target price of $69.00.

Insiders Place Their Bets

In other news, General Counsel Michael W. Reville sold 1,700 shares of the firm's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total transaction of $103,309.00. Following the transaction, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This trade represents a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.55% of the company's stock.

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.