Greenleaf Trust Sells 382 Shares of National Fuel Gas Company $NFG

Greenleaf Trust cut its position in shares of National Fuel Gas Company (NYSE:NFG) by 11.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,884 shares of the oil and gas producer’s stock after selling 382 shares during the quarter. Greenleaf Trust’s holdings in National Fuel Gas were worth $244,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC bought a new position in shares of National Fuel Gas during the 1st quarter valued at about $203,000. Cambridge Investment Research Advisors Inc. increased its position 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 purchasing an additional 712 shares during the last quarter. KBC Group NV increased its position in shares of National Fuel Gas by 18.5% during the 1st quarter. KBC Group NV now owns 3,908 shares of the oil and gas producer’s stock valued at $309,000 after purchasing an additional 609 shares during the last quarter. Picton Mahoney Asset Management increased its position in shares of National Fuel Gas by 29,652.6% during the 1st quarter. Picton Mahoney Asset Management now owns 5,653 shares of the oil and gas producer’s stock valued at $448,000 after purchasing an additional 5,634 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of National Fuel Gas by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer’s stock valued at $87,493,000 after purchasing an additional 22,320 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NFG. Zacks Research lowered National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Scotiabank restated an “outperform” rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. Bank of America upgraded National Fuel Gas from an “underperform” rating to a “buy” rating and raised their price target for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. Wall Street Zen lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Fuel Gas in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, National Fuel Gas currently has an average rating of “Moderate Buy” and an average price target of $96.67.

National Fuel Gas Price Performance

Shares of NFG stock opened at $88.63 on Friday. The firm has a market cap of $8.01 billion, a P/E ratio of 33.32, a P/E/G ratio of 0.42 and a beta of 0.58. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. The business’s 50 day moving average price is $87.90 and its 200-day moving average price is $83.68. National Fuel Gas Company has a fifty-two week low of $58.82 and a fifty-two week high of $94.13.

National Fuel Gas (NYSE:NFG) last released 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 return on equity of 20.81% and a net margin of 11.15%.The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. 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, equities research analysts anticipate 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 will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 30th. 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.