Campbell & CO Investment Adviser LLC Invests $4.84 Million in National Fuel Gas Company $NFG

Key Points

• Campbell & CO Investment Adviser LLC acquired 61,108 shares of National Fuel Gas Company, valued at approximately $4.84 million, increasing its ownership to 0.07% of the company.
• National Fuel Gas has raised its quarterly dividend from $0.52 to $0.535, representing an annualized dividend of $2.14 and a yield of 2.5%.
• Bank of America upgraded National Fuel Gas from "underperform" to "buy," raising the price target from $85 to $107 per share, indicating strong analyst support for the company.

Campbell & CO Investment Adviser LLC purchased a new stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,108 shares of the oil and gas producer's stock, valued at approximately $4,839,000. Campbell & CO Investment Adviser LLC owned about 0.07% of National Fuel Gas at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. LSV Asset Management grew its stake in shares of National Fuel Gas by 29.6% during the first quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock valued at $170,515,000 after purchasing an additional 491,890 shares during the last quarter. Northern Trust Corp grew its stake in shares of National Fuel Gas by 15.3% during the first quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer's stock valued at $93,031,000 after purchasing an additional 155,711 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of National Fuel Gas by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer's stock valued at $87,493,000 after purchasing an additional 22,320 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of National Fuel Gas by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 989,487 shares of the oil and gas producer's stock valued at $60,043,000 after purchasing an additional 43,656 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of National Fuel Gas by 93.7% during the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock valued at $75,315,000 after purchasing an additional 460,100 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Trading Down 0.2%

NFG traded down $0.20 during mid-day trading on Friday, hitting $86.75. The stock had a trading volume of 90,392 shares, compared to its average volume of 635,789. The stock's fifty day simple moving average is $86.25 and its 200-day simple moving average is $81.02. 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 firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 0.51 and a beta of 0.65. National Fuel Gas Company has a 1-year low of $58.50 and a 1-year high of $89.82.

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 the consensus estimate of $1.50 by $0.14. The company had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The business's revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period 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. As a group, research analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

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

Wall Street Analysts Forecast Growth

NFG has been the topic of several analyst reports. Bank of America upgraded shares of National Fuel Gas from an "underperform" rating to a "buy" rating and increased their price objective for the company from $85.00 to $107.00 in a report on Tuesday, July 15th. Wall Street Zen lowered shares of National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research lowered shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Finally, Scotiabank restated an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $96.67.

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.