Petrus Trust Company LTA Buys Shares of 3,741 National Fuel Gas Company $NFG

Key Points

• Petrus Trust Company LTA acquired 3,741 shares of National Fuel Gas Company, valued at approximately $296,000, during the first quarter.
• National Fuel Gas recently increased its quarterly dividend to $0.535 per share, up from the previous $0.52, indicating a 2.5% yield.
• Analyst ratings for National Fuel Gas vary, with one firm upgrading the stock to a "buy" and others adjusting their ratings to "hold," reflecting mixed sentiment in the market.

Petrus Trust Company LTA bought a new stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,741 shares of the oil and gas producer's stock, valued at approximately $296,000.

Other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC purchased a new position in National Fuel Gas during the 1st quarter valued at about $203,000. Cambridge Investment Research Advisors Inc. increased its position in National Fuel Gas by 5.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,184 shares of the oil and gas producer's stock valued at $1,044,000 after purchasing an additional 712 shares during the period. KBC Group NV increased its position in National Fuel Gas by 18.5% during the 1st quarter. KBC Group NV now owns 3,908 shares of the oil and gas producer's stock valued at $309,000 after purchasing an additional 609 shares during the period. Greenleaf Trust purchased a new position in National Fuel Gas during the 1st quarter valued at about $259,000. Finally, Picton Mahoney Asset Management increased its position in National Fuel Gas by 29,652.6% during the 1st quarter. Picton Mahoney Asset Management now owns 5,653 shares of the oil and gas producer's stock valued at $448,000 after purchasing an additional 5,634 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on NFG. Wall Street Zen lowered shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Zacks Research lowered shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Bank of America upgraded shares of National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $107.00 in a research note on Tuesday, July 15th. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $96.67.

National Fuel Gas Stock Down 1.3%

NYSE:NFG opened at $85.39 on Tuesday. The company has a market cap of $7.72 billion, a PE ratio of 32.10, a P/E/G ratio of 0.51 and a beta of 0.61. National Fuel Gas Company has a twelve month low of $58.50 and a twelve month high of $89.82. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The company's 50 day moving average is $86.46 and its two-hundred day moving average is $81.82.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The firm had revenue of $531.83 million for the quarter, compared to the consensus estimate of $596.12 million. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm'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. Analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Increases Dividend

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

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