National Fuel Gas Company $NFG Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,124 shares of the oil and gas producer’s stock after selling 30,701 shares during the period. Jupiter Asset Management Ltd.’s holdings in National Fuel Gas were worth $19,748,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. LSV Asset Management boosted its holdings in National Fuel Gas by 29.6% during the first quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer’s stock worth $170,515,000 after buying an additional 491,890 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in National Fuel Gas by 3.3% during the first quarter. Gamco Investors INC. ET AL now owns 1,495,867 shares of the oil and gas producer’s stock worth $118,458,000 after purchasing an additional 48,202 shares in the last quarter. Northern Trust Corp grew its holdings in National Fuel Gas by 15.3% in the first quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer’s stock valued at $93,031,000 after purchasing an additional 155,711 shares during the last quarter. Invesco Ltd. increased its position in shares of National Fuel Gas by 93.7% in the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer’s stock valued at $75,315,000 after buying an additional 460,100 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of National Fuel Gas by 7.2% during the 1st quarter. AQR Capital Management LLC now owns 893,866 shares of the oil and gas producer’s stock worth $70,785,000 after buying an additional 59,667 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

NFG has been the subject of a number of research reports. Wall Street Zen cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Weiss Ratings raised National Fuel Gas from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday. Scotiabank cut National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $102.00 to $106.00 in a research report on Thursday, October 9th. Finally, Zacks Research lowered shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.00.

National Fuel Gas Trading Down 0.8%

Shares of NFG opened at $79.47 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas Company has a twelve month low of $59.01 and a twelve month high of $94.13. The firm has a market capitalization of $7.18 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 0.45 and a beta of 0.57. The stock’s fifty day simple moving average is $85.41 and its 200 day simple moving average is $84.76.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Wednesday, November 5th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. The company had revenue of $456.41 million during the quarter, compared to the consensus estimate of $534.57 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. National Fuel Gas’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. On average, equities research analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.535 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.14 annualized dividend and a yield of 2.7%. National Fuel Gas’s dividend payout ratio is 37.68%.

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.