Cubist Systematic Strategies LLC Purchases New Position in National Fuel Gas Company $NFG

Key Points

• Cubist Systematic Strategies LLC acquired 48,610 shares of National Fuel Gas Company, valued at approximately $3.8 million, representing about 0.05% ownership in the firm.
• National Fuel Gas recently reported earnings of $1.64 per share, exceeding expectations, and has set its FY 2026 guidance between $8.000 and $8.500 EPS.
• The company announced a quarterly dividend increase to $0.535 per share, up from $0.52, resulting in an annualized yield of 2.5%.

Cubist Systematic Strategies LLC purchased a new stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,610 shares of the oil and gas producer's stock, valued at approximately $3,849,000. Cubist Systematic Strategies LLC owned 0.05% of National Fuel Gas as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of National Fuel Gas by 3.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,285 shares of the oil and gas producer's stock worth $419,000 after buying an additional 156 shares in the last quarter. Horizon Investment Services LLC raised its stake in National Fuel Gas by 2.5% in the first quarter. Horizon Investment Services LLC now owns 6,618 shares of the oil and gas producer's stock valued at $524,000 after purchasing an additional 162 shares in the last quarter. Donald L. Hagan LLC raised its stake in National Fuel Gas by 1.2% in the first quarter. Donald L. Hagan LLC now owns 15,598 shares of the oil and gas producer's stock valued at $1,235,000 after purchasing an additional 183 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of National Fuel Gas by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 7,288 shares of the oil and gas producer's stock worth $442,000 after acquiring an additional 204 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of National Fuel Gas by 0.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,746 shares of the oil and gas producer's stock worth $1,801,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Trading Up 0.8%

NYSE:NFG traded up $0.66 during midday trading on Tuesday, hitting $86.03. 337,767 shares of the company traded hands, compared to its average volume of 632,000. The firm's fifty day moving average is $86.46 and its 200-day moving average is $81.82. National Fuel Gas Company has a 12-month low of $58.82 and a 12-month high of $89.82. The firm has a market capitalization of $7.77 billion, a P/E ratio of 32.34, a P/E/G ratio of 0.51 and a beta of 0.61. 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 released its quarterly 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. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The company had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. During the same quarter in the prior year, the firm posted $0.99 EPS. National Fuel Gas's quarterly revenue was up 27.4% compared to the same quarter last year. 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, sell-side analysts predict that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Monday, June 30th. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. This represents a $2.14 dividend on an annualized basis and a yield of 2.5%. National Fuel Gas's dividend payout ratio is 80.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFG. Scotiabank restated an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Wall Street Zen lowered National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Bank of America raised 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 research report on Tuesday, July 15th. Finally, Zacks Research cut shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, National Fuel Gas has an average rating of "Moderate Buy" and a consensus price target of $96.67.

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.