Gotham Asset Management LLC Sells 24,403 Shares of National Fuel Gas Company $NFG

Key Points

• Gotham Asset Management LLC has reduced its stake in National Fuel Gas Company by 14.8%, owning 140,123 shares valued at approximately $11.1 million after selling 24,403 shares in the first quarter.
• National Fuel Gas reported $1.64 EPS for the last quarter, exceeding analysts' expectations of $1.50 and reflecting a 27.4% year-over-year revenue increase.
• Analysts have varying ratings for National Fuel Gas, with one firm upgrading the stock to buy and raising the price target from $85 to $107, while others have downgraded their ratings to hold.

Gotham Asset Management LLC lessened its stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 14.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,123 shares of the oil and gas producer's stock after selling 24,403 shares during the period. Gotham Asset Management LLC owned about 0.16% of National Fuel Gas worth $11,096,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in National Fuel Gas by 3.0% during 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 acquiring an additional 156 shares in the last quarter. Horizon Investment Services LLC raised its stake in shares of National Fuel Gas by 2.5% during the 1st quarter. Horizon Investment Services LLC now owns 6,618 shares of the oil and gas producer's stock worth $524,000 after purchasing an additional 162 shares in the last quarter. Donald L. Hagan LLC raised its position in National Fuel Gas by 1.2% during the first quarter. Donald L. Hagan LLC now owns 15,598 shares of the oil and gas producer's stock worth $1,235,000 after acquiring an additional 183 shares in the last quarter. Captrust Financial Advisors raised its position in 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 position in 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFG shares. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and upped their price target for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. Scotiabank reaffirmed 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 note on Sunday, August 10th. Finally, Zacks Research lowered National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $96.67.

National Fuel Gas Stock Performance

National Fuel Gas stock traded up $0.16 during trading hours on Friday, hitting $88.19. The company had a trading volume of 102,517 shares, compared to its average volume of 628,434. The firm has a market cap of $7.97 billion, a PE ratio of 33.16, a PEG ratio of 0.51 and a beta of 0.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. National Fuel Gas Company has a one year low of $58.82 and a one year high of $89.82. The firm has a 50-day moving average of $86.64 and a 200 day moving average of $81.99.

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, topping analysts' consensus estimates of $1.50 by $0.14. The company had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The firm's quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, sell-side analysts expect that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.535 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.14 annualized dividend and a yield of 2.4%. National Fuel Gas's dividend payout ratio (DPR) is presently 80.45%.

National Fuel Gas 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.