Allianz Asset Management GmbH Sells 46,779 Shares of National Fuel Gas Company $NFG

Allianz Asset Management GmbH decreased its stake in National Fuel Gas Company (NYSE:NFG - Free Report) by 24.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,619 shares of the oil and gas producer's stock after selling 46,779 shares during the period. Allianz Asset Management GmbH owned 0.16% of National Fuel Gas worth $12,420,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. raised its position in National Fuel Gas by 9,475.0% in the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 379 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in National Fuel Gas in the second quarter worth about $30,000. Northwestern Mutual Wealth Management Co. raised its position in National Fuel Gas by 316.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 304 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in National Fuel Gas in the first quarter worth about $55,000. Finally, Wayfinding Financial LLC bought a new stake in National Fuel Gas in the first quarter worth about $59,000. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Price Performance

Shares of NYSE:NFG opened at $86.47 on Tuesday. The company has a 50 day moving average of $87.71 and a 200 day moving average of $84.32. The stock has a market cap of $7.81 billion, a P/E ratio of 32.51, a P/E/G ratio of 0.43 and a beta of 0.58. National Fuel Gas Company has a 12 month low of $58.82 and a 12 month high of $94.13. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating the consensus estimate 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 net margin of 11.15% and a return on equity of 20.81%. National Fuel Gas's revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. As a group, sell-side analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.14 annualized dividend and a yield of 2.5%. National Fuel Gas's payout ratio is currently 80.45%.

Wall Street Analysts Forecast Growth

Several analysts have commented on NFG shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of National Fuel Gas in a research report on Tuesday, October 14th. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their price target for the company from $85.00 to $107.00 in a research report on Tuesday, July 15th. Wall Street Zen lowered shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Scotiabank lowered shares of National Fuel Gas from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from $102.00 to $106.00 in a research report on Thursday, October 9th. Finally, Zacks Research lowered shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, National Fuel Gas has a consensus rating of "Moderate Buy" and a consensus target price of $98.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.