National Fuel Gas Company $NFG Shares Sold by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC has reduced its holdings in National Fuel Gas Company by 5.5%, now owning approximately 0.23% of the company, worth about $17.9 million.
• National Fuel Gas reported earnings of $1.64 per share for the latest quarter, exceeding forecasts, and experienced a 27.4% year-over-year revenue growth.
• A quarterly dividend of $0.535 per share will be paid on October 15th, with a dividend yield of 2.4%.

Exchange Traded Concepts LLC lowered its position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,889 shares of the oil and gas producer's stock after selling 12,315 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.23% of National Fuel Gas worth $17,949,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NFG. Cetera Investment Advisers increased its holdings in shares of National Fuel Gas by 18.3% in the fourth quarter. Cetera Investment Advisers now owns 12,660 shares of the oil and gas producer's stock valued at $768,000 after purchasing an additional 1,954 shares during the last quarter. Deutsche Bank AG boosted its position in shares of National Fuel Gas by 5.8% during the fourth quarter. Deutsche Bank AG now owns 10,378 shares of the oil and gas producer's stock worth $630,000 after buying an additional 570 shares during the period. Focus Partners Wealth acquired a new stake in shares of National Fuel Gas in the fourth quarter valued at $430,000. Millennium Management LLC raised its stake in shares of National Fuel Gas by 20.5% in the fourth quarter. Millennium Management LLC now owns 272,130 shares of the oil and gas producer's stock valued at $16,513,000 after acquiring an additional 46,216 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of National Fuel Gas in the fourth quarter valued at $736,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NFG. Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Zacks Research cut National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Bank of America upgraded National Fuel Gas from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $107.00 in a research 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's stock. Based on data from MarketBeat, National Fuel Gas currently has an average rating of "Moderate Buy" and a consensus target price of $96.67.

National Fuel Gas Price Performance

NFG stock traded up $0.53 on Monday, reaching $87.02. The company had a trading volume of 105,600 shares, compared to its average volume of 625,629. National Fuel Gas Company has a 1 year low of $58.82 and a 1 year high of $89.82. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. The company's fifty day moving average is $87.17 and its 200 day moving average is $82.64. The company has a market cap of $7.86 billion, a P/E ratio of 32.71, a PEG ratio of 0.51 and a beta of 0.61.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm 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 company earned $0.99 EPS. National Fuel Gas's revenue was up 27.4% on a year-over-year basis. 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, research analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 30th. National Fuel Gas's dividend payout ratio is presently 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.