Petrus Trust Company LTA Invests $296,000 in 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 its most recent 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.

A number of other institutional investors have also recently modified their holdings of the business. LSV Asset Management grew its position in shares of National Fuel Gas by 29.6% during the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock valued at $170,515,000 after acquiring an additional 491,890 shares during the period. Gamco Investors INC. ET AL lifted its stake in National Fuel Gas by 3.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,495,867 shares of the oil and gas producer's stock valued at $118,458,000 after buying an additional 48,202 shares in the last quarter. Northern Trust Corp lifted its stake in National Fuel Gas by 15.3% in the 1st quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer's stock valued at $93,031,000 after buying an additional 155,711 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in National Fuel Gas by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer's stock valued at $87,493,000 after buying an additional 22,320 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in National Fuel Gas by 93.7% in the 1st quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock valued at $75,315,000 after buying an additional 460,100 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NFG shares. 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. 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. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and raised their price target for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. One research 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. According to data from MarketBeat.com, National Fuel Gas presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.67.

National Fuel Gas Price Performance

NFG traded up $0.17 during trading on Friday, reaching $88.20. The company's stock had a trading volume of 368,859 shares, compared to its average volume of 479,918. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $86.72 and a two-hundred day simple moving average of $82.20. National Fuel Gas Company has a 1 year low of $58.82 and a 1 year high of $89.82. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 0.52 and a beta of 0.61.

National Fuel Gas (NYSE:NFG - Get Free Report) last released 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. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The business had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. During the same period last year, the company posted $0.99 EPS. The business'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. As a group, analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.4%. National Fuel Gas's dividend payout ratio (DPR) 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.