CenterBook Partners LP Boosts Holdings in National Fuel Gas Company $NFG

CenterBook Partners LP increased its holdings in National Fuel Gas Company (NYSE:NFG) by 328.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,041 shares of the oil and gas producer’s stock after purchasing an additional 19,963 shares during the period. CenterBook Partners LP’s holdings in National Fuel Gas were worth $2,405,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NFG. Fox Run Management L.L.C. boosted its stake in shares of National Fuel Gas by 80.0% during the 2nd quarter. Fox Run Management L.L.C. now owns 15,291 shares of the oil and gas producer’s stock valued at $1,295,000 after purchasing an additional 6,796 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in National Fuel Gas in the third quarter worth about $5,228,000. Nordea Investment Management AB lifted its holdings in National Fuel Gas by 15.2% in the third quarter. Nordea Investment Management AB now owns 103,374 shares of the oil and gas producer’s stock worth $9,541,000 after buying an additional 13,620 shares during the period. Orion Porfolio Solutions LLC boosted its position in National Fuel Gas by 152.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 34,345 shares of the oil and gas producer’s stock valued at $2,909,000 after acquiring an additional 20,726 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in shares of National Fuel Gas by 26.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 127,075 shares of the oil and gas producer’s stock worth $11,738,000 after acquiring an additional 26,737 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank set a $101.00 target price on National Fuel Gas in a research note on Wednesday, January 21st. Zacks Research downgraded National Fuel Gas from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $96.33.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $87.89 on Friday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.65. National Fuel Gas Company has a one year low of $69.93 and a one year high of $94.13. The company’s 50-day moving average is $82.50 and its 200 day moving average is $84.07.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.15. The firm had revenue of $651.51 million for the quarter, compared to the consensus estimate of $650.70 million. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.66 earnings per share. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.4%. National Fuel Gas’s dividend payout ratio (DPR) is 29.85%.

National Fuel Gas 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.