Cardinal Capital Management Buys 2,909 Shares of National Fuel Gas Company $NFG

Key Points

• Cardinal Capital Management increased its stake in National Fuel Gas Company by 3.0%, acquiring an additional 2,909 shares in the second quarter, now holding 98,794 shares valued at approximately $8.42 million.
• National Fuel Gas recently declared a quarterly dividend of $0.535, set to be paid on October 15th, with an annualized dividend yield of 2.4%.
• Recent analysis showed varied ratings from analysts, with Bank of America upgrading the stock to "buy" and raising its target price from $85 to $107, while Zacks Research downgraded it from "strong-buy" to "hold."

Cardinal Capital Management increased its stake in National Fuel Gas Company (NYSE:NFG - Free Report) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,794 shares of the oil and gas producer's stock after acquiring an additional 2,909 shares during the period. National Fuel Gas comprises about 1.2% of Cardinal Capital Management's holdings, making the stock its 24th largest holding. Cardinal Capital Management owned approximately 0.11% of National Fuel Gas worth $8,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LSV Asset Management lifted its position in National Fuel Gas by 29.6% in 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. Gamco Investors INC. ET AL raised its holdings in National Fuel Gas by 3.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,495,867 shares of the oil and gas producer's stock valued at $118,458,000 after buying an additional 48,202 shares during the last quarter. Northern Trust Corp raised its holdings in National Fuel Gas by 15.3% during the 1st quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer's stock valued at $93,031,000 after buying an additional 155,711 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in National Fuel Gas by 2.1% during the 1st 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 buying an additional 22,320 shares during the last quarter. Finally, Invesco Ltd. raised 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 acquiring an additional 460,100 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. 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. Wall Street Zen lowered National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Scotiabank reaffirmed an "outperform" rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. Finally, Bank of America upgraded National Fuel Gas from an "underperform" rating to a "buy" rating and upped their target price for the company from $85.00 to $107.00 in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $96.67.

National Fuel Gas Stock Up 1.1%

NYSE:NFG opened at $87.48 on Tuesday. The firm has a market cap of $7.90 billion, a P/E ratio of 32.89, a P/E/G ratio of 0.51 and a beta of 0.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. National Fuel Gas Company has a fifty-two week low of $58.82 and a fifty-two week high of $89.82. The firm has a 50-day simple moving average of $87.24 and a two-hundred day simple moving average of $82.73.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $531.83 million during 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 firm's revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. Analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.535 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.4%. National Fuel Gas's payout ratio is currently 80.45%.

About National Fuel Gas

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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