18,105 Shares in National Fuel Gas Company $NFG Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has acquired 18,105 shares of National Fuel Gas Company, valued at approximately $1.43 million, during the first quarter.
• The company reported a net margin of 11.15% and earnings per share of $1.64 for the latest quarter, exceeding analysts' expectations.
• National Fuel Gas announced a quarterly dividend of $0.535, equal to an annualized yield of 2.4%, payable on October 15th.

Jacobs Levy Equity Management Inc. purchased a new stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,105 shares of the oil and gas producer's stock, valued at approximately $1,434,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NFG. Assetmark Inc. raised its holdings in National Fuel Gas by 9,475.0% during the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer's stock valued at $30,000 after acquiring an additional 379 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in National Fuel Gas by 316.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 304 shares during the period. Ameriflex Group Inc. bought a new stake in National Fuel Gas during the fourth quarter valued at about $36,000. Cranbrook Wealth Management LLC bought a new stake in National Fuel Gas during the first quarter valued at about $40,000. Finally, Inlight Wealth Management LLC bought a new stake in National Fuel Gas during the first quarter valued at about $40,000. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

NFG has been the topic of a number of recent analyst reports. Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Scotiabank reaffirmed an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Bank of America raised National Fuel Gas from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. Finally, Zacks Research cut National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to 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 traded up $0.17 during trading hours on Friday, hitting $88.20. The stock had a trading volume of 368,859 shares, compared to its average volume of 489,658. National Fuel Gas Company has a one year low of $58.82 and a one year high of $89.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The stock's 50-day moving average price is $86.72 and its two-hundred day moving average price is $82.14. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 0.52 and a beta of 0.61.

National Fuel Gas (NYSE:NFG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, topping the consensus estimate of $1.50 by $0.14. The company had revenue of $531.83 million during the quarter, compared to analyst estimates 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 was up 27.4% on a year-over-year basis. During the same quarter last year, the business 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 forecast that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The business 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. The ex-dividend date is Tuesday, September 30th. This represents a $2.14 annualized dividend and a yield of 2.4%. National Fuel Gas's dividend payout ratio (DPR) 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.