Cantor Fitzgerald Investment Advisors L.P. Sells 62,253 Shares of National Fuel Gas Company $NFG

Key Points

• Cantor Fitzgerald Investment Advisors L.P. sold 62,253 shares of National Fuel Gas Company, reducing its holdings by 46.2% and leaving it with approximately 0.08% ownership valued at $6.14 million.
• Analysts have mixed sentiments on National Fuel Gas, with Bank of America upgrading its rating to buy while Zacks Research downgraded it to hold, reflecting varied expectations for the stock's performance.
• National Fuel Gas announced a quarterly dividend of $0.535 per share, scheduled for payment on October 15, marking a dividend yield of 2.3%.

Cantor Fitzgerald Investment Advisors L.P. decreased its holdings in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 46.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,483 shares of the oil and gas producer's stock after selling 62,253 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P. owned about 0.08% of National Fuel Gas worth $6,140,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in National Fuel Gas during the second quarter valued at $30,000. Assetmark Inc. raised its stake 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 purchasing an additional 379 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 304 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in National Fuel Gas during the first quarter valued at $40,000. Finally, Cranbrook Wealth Management LLC purchased a new stake in National Fuel Gas during the first quarter valued at $40,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and upped their price target for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Zacks Research downgraded shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Scotiabank reissued an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $96.67.

National Fuel Gas Trading Up 0.2%

Shares of NFG opened at $92.54 on Thursday. National Fuel Gas Company has a twelve month low of $58.82 and a twelve month high of $94.13. The company has a market cap of $8.36 billion, a P/E ratio of 34.79, a P/E/G ratio of 0.55 and a beta of 0.58. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The company's fifty day simple moving average is $87.77 and its 200-day simple moving average is $83.47.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.14. The business had revenue of $531.83 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm 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, analysts expect 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 paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 30th. National Fuel Gas's dividend payout ratio (DPR) is currently 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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