Armbruster Capital Management Inc. Reduces Stock Holdings in National Fuel Gas Company $NFG

Key Points

• Armbruster Capital Management Inc. reduced its stake in National Fuel Gas Company by 67.9% during the 2nd quarter, now holding 4,732 shares valued at approximately $401,000.
• Analysts have mixed views on the stock, with Zacks Research downgrading it to a "hold" rating, while Bank of America upgraded it to a "buy" with a target price increase to $107.00.
• The company declared a quarterly dividend of $0.535 per share, representing a 2.4% yield, which will be paid on October 15th to investors recorded by September 30th.

Armbruster Capital Management Inc. trimmed its position in National Fuel Gas Company (NYSE:NFG - Free Report) by 67.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,732 shares of the oil and gas producer's stock after selling 10,000 shares during the period. Armbruster Capital Management Inc.'s holdings in National Fuel Gas were worth $401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC lifted its stake in National Fuel Gas by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 4,784 shares of the oil and gas producer's stock worth $405,000 after purchasing an additional 129 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in National Fuel Gas by 3.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,285 shares of the oil and gas producer's stock worth $419,000 after purchasing an additional 156 shares in the last quarter. Horizon Investment Services LLC lifted its stake in National Fuel Gas by 2.5% in the 1st quarter. Horizon Investment Services LLC now owns 6,618 shares of the oil and gas producer's stock worth $524,000 after purchasing an additional 162 shares in the last quarter. UMB Bank n.a. lifted its stake in National Fuel Gas by 19.6% in the 2nd quarter. UMB Bank n.a. now owns 1,012 shares of the oil and gas producer's stock worth $86,000 after purchasing an additional 166 shares in the last quarter. Finally, Donald L. Hagan LLC lifted its stake in National Fuel Gas by 1.2% in the 1st quarter. Donald L. Hagan LLC now owns 15,598 shares of the oil and gas producer's stock worth $1,235,000 after purchasing an additional 183 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research cut shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of National Fuel Gas in a research note on Saturday, September 27th. 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. Finally, Bank of America upgraded shares of National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.67.

National Fuel Gas Stock Performance

National Fuel Gas stock opened at $89.19 on Wednesday. The company's 50-day moving average price is $87.97 and its 200-day moving average price is $83.82. National Fuel Gas Company has a twelve month low of $58.82 and a twelve month high of $94.13. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. The company has a market cap of $8.06 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 0.42 and a beta of 0.58.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The firm had revenue of $531.83 million for the quarter, compared to the consensus estimate of $596.12 million. During the same period in the previous year, the firm posted $0.99 EPS. The business's quarterly revenue was up 27.4% on a year-over-year basis. 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 research 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 30th. National Fuel Gas's dividend payout ratio is presently 80.45%.

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.

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