Deutsche Bank AG acquired a new position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,035 shares of the oil and gas producer's stock, valued at approximately $1,006,000.
Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in National Fuel Gas by 653.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer's stock valued at $126,718,000 after purchasing an additional 1,372,742 shares during the last quarter. Norges Bank acquired a new stake in shares of National Fuel Gas in the fourth quarter valued at approximately $92,415,000. AQR Capital Management LLC increased its holdings in shares of National Fuel Gas by 103.4% in the third quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer's stock valued at $197,501,000 after purchasing an additional 1,087,067 shares during the last quarter. Yaupon Capital Management LP lifted its position in National Fuel Gas by 521.0% during the fourth quarter. Yaupon Capital Management LP now owns 1,105,979 shares of the oil and gas producer's stock worth $88,545,000 after buying an additional 927,873 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in National Fuel Gas during the second quarter worth $68,340,000. Institutional investors and hedge funds own 73.96% of the company's stock.
National Fuel Gas Price Performance
Shares of NYSE NFG opened at $82.97 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.20 and a quick ratio of 3.07. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.84 and a beta of 0.37. The stock's 50-day moving average is $80.71 and its two-hundred day moving average is $84.48. National Fuel Gas Company has a 1-year low of $75.17 and a 1-year high of $97.06.
National Fuel Gas (NYSE:NFG - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.10. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The business had revenue of $537.50 million for the quarter, compared to the consensus estimate of $564.33 million. During the same quarter in the prior year, the business posted $1.64 EPS. The business's revenue for the quarter was up 1.1% on a year-over-year basis. Analysts forecast that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.
National Fuel Gas Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from National Fuel Gas's previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, June 30th. National Fuel Gas's dividend payout ratio (DPR) is presently 30.83%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on NFG shares. Wall Street Zen cut shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings lowered National Fuel Gas from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.50.
View Our Latest Analysis on National Fuel Gas
About National Fuel Gas
(
Free Report)
National Fuel Gas Company NYSE: NFG is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.
In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider National Fuel Gas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Fuel Gas wasn't on the list.
While National Fuel Gas currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
