8,495 Shares in National Fuel Gas Company $NFG Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. acquired 8,495 shares of National Fuel Gas Company, valued at approximately $673,000, during the first quarter of the year.
• Bank of America upgraded National Fuel Gas from an "underperform" to a "buy" rating, raising the target price from $85.00 to $107.00.
• National Fuel Gas recently increased its quarterly dividend to $0.535 per share, up from the previous $0.52, reflecting a positive trend in the company's profitability.

Fox Run Management L.L.C. bought a new stake in National Fuel Gas Company (NYSE:NFG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,495 shares of the oil and gas producer's stock, valued at approximately $673,000.

Several other institutional investors and hedge funds have also modified their holdings of NFG. LSV Asset Management raised its holdings in National Fuel Gas by 29.6% in the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock worth $170,515,000 after purchasing an additional 491,890 shares during the period. Invesco Ltd. lifted its position in shares of National Fuel Gas by 93.7% during the 1st quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock valued at $75,315,000 after buying an additional 460,100 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of National Fuel Gas by 98.9% during the 1st quarter. Mackenzie Financial Corp now owns 715,645 shares of the oil and gas producer's stock valued at $56,672,000 after acquiring an additional 355,800 shares during the period. Northern Trust Corp increased its holdings in National Fuel Gas by 37.9% in the 4th quarter. Northern Trust Corp now owns 1,019,072 shares of the oil and gas producer's stock worth $61,837,000 after acquiring an additional 279,857 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in National Fuel Gas in the 1st quarter worth approximately $20,892,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

National Fuel Gas Price Performance

Shares of NFG traded up $0.8660 during mid-day trading on Wednesday, hitting $86.9860. 851,012 shares of the stock were exchanged, compared to its average volume of 646,229. 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 company has a market cap of $7.86 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 0.50 and a beta of 0.65. National Fuel Gas Company has a 52-week low of $58.47 and a 52-week high of $89.82. The firm has a 50-day moving average of $85.85 and a two-hundred day moving average of $80.35.

National Fuel Gas (NYSE:NFG - Get Free Report) 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. The company had revenue of $531.83 million for the quarter, compared to analysts' expectations of $596.12 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. National Fuel Gas's quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous 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. On average, equities analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.535 dividend. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. This represents a $2.14 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, June 30th. National Fuel Gas's dividend payout ratio (DPR) is 80.45%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Zacks Research downgraded shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday. 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. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and upped their target price for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. Finally, Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $96.67.

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.