Victory Capital Management Inc. Sells 519,704 Shares of National Fuel Gas Company $NFG

Key Points

• Victory Capital Management reduced its stake in National Fuel Gas by 42.1%, selling 519,704 shares and now holds 714,195 shares valued at $65.97 million (about 0.79% of the company).
• Wall Street views are mixed: the consensus rating is Hold with a $96.33 average price target, while Zacks downgraded the stock to "strong sell" and Weiss Ratings reiterated a "buy (b-)."
• National Fuel Gas topped quarterly estimates with $2.06 EPS versus $1.91 expected and $651.5M revenue, and set FY2026 guidance of 7.60–8.10 EPS.

Victory Capital Management Inc. reduced its stake in National Fuel Gas Company (NYSE:NFG - Free Report) by 42.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 714,195 shares of the oil and gas producer's stock after selling 519,704 shares during the period. Victory Capital Management Inc. owned 0.79% of National Fuel Gas worth $65,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC raised its position in National Fuel Gas by 4.2% during the 3rd quarter. New Age Alpha Advisors LLC now owns 3,184 shares of the oil and gas producer's stock valued at $294,000 after purchasing an additional 128 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in National Fuel Gas by 5.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,238 shares of the oil and gas producer's stock valued at $299,000 after purchasing an additional 164 shares during the period. Richardson Financial Services Inc. raised its holdings in shares of National Fuel Gas by 88.5% in the 3rd quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 169 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of National Fuel Gas by 0.8% during the third quarter. HBK Sorce Advisory LLC now owns 21,739 shares of the oil and gas producer's stock valued at $1,930,000 after purchasing an additional 179 shares in the last quarter. Finally, MAI Capital Management boosted its stake in shares of National Fuel Gas by 5.4% during the second quarter. MAI Capital Management now owns 4,150 shares of the oil and gas producer's stock valued at $352,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NFG shares. Zacks Research lowered National Fuel Gas from a "hold" rating to a "strong sell" rating in a report on Wednesday, January 21st. Scotiabank set a $101.00 price objective on National Fuel Gas in a research note on Wednesday, January 21st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of National Fuel Gas in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $96.33.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock opened at $92.92 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.58. National Fuel Gas Company has a 52 week low of $69.93 and a 52 week high of $94.13. The firm has a market capitalization of $8.83 billion, a P/E ratio of 12.96, a PEG ratio of 1.20 and a beta of 0.57. The company has a 50 day moving average price of $84.21 and a 200 day moving average price of $84.28.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.15. The company had revenue of $651.51 million during the quarter, compared to analysts' expectations of $650.70 million. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.The firm's revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. Sell-side analysts expect that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Profile

National Fuel Gas Company NYSE: NFG is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.

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