ProShare Advisors LLC Sells 23,517 Shares of National Fuel Gas Company $NFG

ProShare Advisors LLC decreased its position in National Fuel Gas Company (NYSE:NFG) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 401,846 shares of the oil and gas producer’s stock after selling 23,517 shares during the quarter. ProShare Advisors LLC owned approximately 0.44% of National Fuel Gas worth $37,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NFG. Foster & Motley Inc. increased its holdings in shares of National Fuel Gas by 14.9% in the 2nd quarter. Foster & Motley Inc. now owns 69,353 shares of the oil and gas producer’s stock worth $5,875,000 after purchasing an additional 8,993 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in National Fuel Gas in the 2nd quarter worth about $638,000. Fox Run Management L.L.C. raised its position in National Fuel Gas by 80.0% in the 2nd quarter. Fox Run Management L.L.C. now owns 15,291 shares of the oil and gas producer’s stock worth $1,295,000 after buying an additional 6,796 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in National Fuel Gas during the 3rd quarter valued at about $5,228,000. Finally, Nordea Investment Management AB lifted its stake in National Fuel Gas by 15.2% during the 3rd quarter. Nordea Investment Management AB now owns 103,374 shares of the oil and gas producer’s stock valued at $9,541,000 after acquiring an additional 13,620 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

NFG has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Zacks Research cut National Fuel Gas from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Finally, Scotiabank set a $101.00 price objective on National Fuel Gas in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $96.33.

National Fuel Gas Stock Down 0.8%

NFG stock opened at $85.08 on Tuesday. The business’s 50-day moving average price is $81.77 and its 200-day moving average price is $84.05. The stock has a market cap of $8.09 billion, a P/E ratio of 11.87, a PEG ratio of 1.10 and a beta of 0.60. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.58. National Fuel Gas Company has a twelve month low of $69.93 and a twelve month high of $94.13.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.15. The company had revenue of $651.51 million for the quarter, compared to analysts’ expectations of $650.70 million. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 EPS. 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 EPS for the current year.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, December 31st. National Fuel Gas’s dividend payout ratio is presently 29.85%.

National Fuel Gas Company Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.