Quantbot Technologies LP Decreases Position in National Fuel Gas Company $NFG

Key Points

• Quantbot Technologies LP reduced its holdings in National Fuel Gas Company by 48.1%, owning 5,214 shares valued at $413,000 after selling 4,841 shares in the first quarter.
• The company has increased its quarterly dividend to $0.535 per share, representing a 2.5% yield and an annualized payment of $2.14.
• Bank of America upgraded National Fuel Gas shares from an "underperform" to a "buy" rating, raising the price target from $85 to $107.

Quantbot Technologies LP trimmed its position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 48.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,214 shares of the oil and gas producer's stock after selling 4,841 shares during the period. Quantbot Technologies LP's holdings in National Fuel Gas were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Aptus Capital Advisors LLC purchased a new stake in shares of National Fuel Gas during the 1st quarter worth approximately $8,267,000. Northern Trust Corp raised its holdings in shares of 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 worth $93,031,000 after acquiring an additional 155,711 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of National Fuel Gas by 93.6% during the 1st quarter. Brooklyn Investment Group now owns 2,035 shares of the oil and gas producer's stock worth $161,000 after acquiring an additional 984 shares in the last quarter. TriaGen Wealth Management LLC purchased a new stake in shares of National Fuel Gas during the 1st quarter worth approximately $590,000. Finally, Cresset Asset Management LLC purchased a new stake in shares of National Fuel Gas during the 1st quarter worth approximately $202,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Stock Down 0.3%

National Fuel Gas stock traded down $0.24 during mid-day trading on Monday, reaching $86.71. 406,071 shares of the company were exchanged, compared to its average volume of 556,931. The business has a fifty day moving average of $86.29 and a 200 day moving average of $81.34. 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 firm has a market cap of $7.83 billion, a P/E ratio of 32.60, a PEG ratio of 0.51 and a beta of 0.61. National Fuel Gas Company has a 12-month low of $58.50 and a 12-month high of $89.82.

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 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 return on equity of 20.81% and a net margin of 11.15%.National Fuel Gas's revenue was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Research analysts anticipate that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

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

Analyst Ratings Changes

NFG has been the topic of several recent research reports. Zacks Research cut National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. 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 report on Tuesday, July 15th. Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Finally, Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. 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. According to MarketBeat.com, National Fuel Gas has a consensus rating of "Moderate Buy" and an average target price 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.