Russell Investments Group Ltd. Boosts Stock Holdings in National Fuel Gas Company $NFG

Russell Investments Group Ltd. grew its position in shares of National Fuel Gas Company (NYSE:NFG) by 115.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,607 shares of the oil and gas producer’s stock after acquiring an additional 19,111 shares during the quarter. Russell Investments Group Ltd.’s holdings in National Fuel Gas were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in National Fuel Gas by 9,475.0% during the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 379 shares during the last quarter. Quarry LP purchased a new position in National Fuel Gas during the 4th quarter worth $32,000. Ameriflex Group Inc. purchased a new position in National Fuel Gas during the 4th quarter worth $36,000. Cranbrook Wealth Management LLC purchased a new position in National Fuel Gas during the 1st quarter worth $40,000. Finally, Inlight Wealth Management LLC purchased a new position in National Fuel Gas during the 1st quarter worth $40,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NFG shares. Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Bank of America raised shares of National Fuel Gas from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. Scotiabank reissued an “outperform” rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Finally, Zacks Research downgraded shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.67.

National Fuel Gas Trading Down 0.3%

Shares of National Fuel Gas stock opened at $87.1250 on Monday. National Fuel Gas Company has a 52-week low of $58.50 and a 52-week high of $89.82. The stock’s 50-day simple moving average is $86.07 and its 200 day simple moving average is $80.72. The stock has a market capitalization of $7.87 billion, a P/E ratio of 32.75, a P/E/G ratio of 0.51 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46.

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

National Fuel Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.535 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.5%. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.52. National Fuel Gas’s dividend payout ratio (DPR) is presently 80.45%.

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.