Kendall Capital Management Cuts Position in National Fuel Gas Company $NFG

Kendall Capital Management lessened its stake in National Fuel Gas Company (NYSE:NFG) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,283 shares of the oil and gas producer’s stock after selling 500 shares during the quarter. Kendall Capital Management’s holdings in National Fuel Gas were worth $1,210,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in National Fuel Gas by 2.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,426 shares of the oil and gas producer’s stock valued at $12,890,000 after acquiring an additional 5,519 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in National Fuel Gas in the fourth quarter valued at $4,934,000. Wealth Enhancement Advisory Services LLC increased its stake in National Fuel Gas by 12.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,195 shares of the oil and gas producer’s stock valued at $922,000 after acquiring an additional 1,741 shares during the last quarter. Wellington Management Group LLP increased its stake in National Fuel Gas by 142.7% in the fourth quarter. Wellington Management Group LLP now owns 144,317 shares of the oil and gas producer’s stock valued at $8,757,000 after acquiring an additional 84,860 shares during the last quarter. Finally, Park National Corp OH purchased a new stake in National Fuel Gas during the first quarter valued at about $238,000. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of NFG opened at $93.68 on Friday. The company has a 50 day moving average price of $87.50 and a 200-day moving average price of $83.10. National Fuel Gas Company has a fifty-two week low of $58.82 and a fifty-two week high of $94.13. The stock has a market capitalization of $8.46 billion, a PE ratio of 35.22, a PEG ratio of 0.55 and a beta of 0.61. 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 posted its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.14. The company had revenue of $531.83 million during the quarter, compared to analysts’ expectations of $596.12 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 27.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. Equities analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is presently 80.45%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Bank of America raised shares of National Fuel Gas from an “underperform” rating to a “buy” rating and raised their price target for the company from $85.00 to $107.00 in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Scotiabank restated an “outperform” rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. One research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.67.

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.