National Fuel Gas Company $NFG Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its stake in National Fuel Gas Company (NYSE:NFG) by 4,547.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 883 shares of the oil and gas producer’s stock after purchasing an additional 864 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in National Fuel Gas were worth $75,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NFG. GAMMA Investing LLC boosted its holdings in shares of National Fuel Gas by 67.4% in the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the oil and gas producer’s stock valued at $132,000 after purchasing an additional 669 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of National Fuel Gas by 5.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,184 shares of the oil and gas producer’s stock valued at $1,044,000 after acquiring an additional 712 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of National Fuel Gas during the 1st quarter valued at $213,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of National Fuel Gas by 104.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 59,135 shares of the oil and gas producer’s stock valued at $4,683,000 after acquiring an additional 30,209 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of National Fuel Gas by 39.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 24,383 shares of the oil and gas producer’s stock valued at $1,931,000 after acquiring an additional 6,841 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

NFG has been the topic of several recent research reports. Scotiabank lowered shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $102.00 to $106.00 in a report on Thursday, October 9th. Wall Street Zen lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings restated a “hold (c+)” rating on shares of National Fuel Gas in a report on Tuesday, October 14th. Zacks Research lowered shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, Bank of America upgraded shares of National Fuel Gas from an “underperform” rating to a “buy” rating and lifted their target price for the company from $85.00 to $107.00 in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

National Fuel Gas Stock Performance

National Fuel Gas stock opened at $81.73 on Friday. National Fuel Gas Company has a 12-month low of $58.82 and a 12-month high of $94.13. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 0.47 and a beta of 0.58. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The firm’s fifty day moving average price is $87.26 and its 200 day moving average price is $84.50.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The firm had revenue of $531.83 million for the quarter, compared to the consensus estimate of $596.12 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. On average, research analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.14 annualized dividend and a yield of 2.6%. National Fuel Gas’s payout ratio is 80.45%.

National Fuel Gas 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.