Fifth Third Bancorp Sells 139 Shares of National Fuel Gas Company $NFG

Fifth Third Bancorp lessened its holdings in National Fuel Gas Company (NYSE:NFG) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,269 shares of the oil and gas producer’s stock after selling 139 shares during the period. Fifth Third Bancorp’s holdings in National Fuel Gas were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Sheets Smith Wealth Management bought a new position in shares of National Fuel Gas in the 2nd quarter worth approximately $676,000. Fortitude Family Office LLC lifted its stake in shares of National Fuel Gas by 1,258.0% in the 2nd quarter. Fortitude Family Office LLC now owns 1,195 shares of the oil and gas producer’s stock worth $101,000 after purchasing an additional 1,107 shares during the period. Cardinal Capital Management lifted its stake in shares of National Fuel Gas by 3.0% in the 2nd quarter. Cardinal Capital Management now owns 98,794 shares of the oil and gas producer’s stock worth $8,421,000 after purchasing an additional 2,909 shares during the period. GAMMA Investing LLC raised its stake in National Fuel Gas by 11.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,857 shares of the oil and gas producer’s stock worth $157,000 after acquiring an additional 195 shares during the period. Finally, Park Avenue Securities LLC raised its stake in National Fuel Gas by 156.3% during the 2nd quarter. Park Avenue Securities LLC now owns 9,325 shares of the oil and gas producer’s stock worth $790,000 after acquiring an additional 5,686 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

NFG has been the topic of a number of recent analyst reports. Bank of America upgraded shares of National Fuel Gas from an “underperform” rating to a “buy” rating and raised their target price for the stock from $85.00 to $107.00 in a research note on Tuesday, July 15th. Scotiabank restated an “outperform” rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Wall Street Zen cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Zacks Research cut shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.67.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $92.93 on Tuesday. The stock has a 50 day moving average of $87.59 and a 200 day moving average of $83.34. National Fuel Gas Company has a 12 month low of $58.82 and a 12 month high of $94.13. The firm has a market cap of $8.40 billion, a PE ratio of 34.93, a PEG ratio of 0.55 and a beta of 0.61. 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 (NYSE:NFG) last announced its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share 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 company had revenue of $531.83 million for the quarter, compared to analysts’ expectations of $596.12 million. During the same quarter in the previous year, the business posted $0.99 earnings per share. National Fuel Gas’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 expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 30th. National Fuel Gas’s payout ratio is currently 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.