Linden Thomas Advisory Services LLC Decreases Stock Position in National Fuel Gas Company $NFG

Linden Thomas Advisory Services LLC cut its position in National Fuel Gas Company (NYSE:NFG) by 29.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 18,667 shares of the oil and gas producer’s stock after selling 7,948 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in National Fuel Gas were worth $1,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NFG. GAMMA Investing LLC boosted its stake in shares of National Fuel Gas by 67.4% in the first quarter. GAMMA Investing LLC now owns 1,662 shares of the oil and gas producer’s stock valued at $132,000 after purchasing an additional 669 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of National Fuel Gas by 5.7% in the first 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. Perigon Wealth Management LLC purchased a new position in shares of National Fuel Gas in the first quarter valued at $213,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of National Fuel Gas by 104.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 59,135 shares of the oil and gas producer’s stock valued at $4,683,000 after purchasing an additional 30,209 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of National Fuel Gas by 39.0% in the first quarter. Illinois Municipal Retirement Fund now owns 24,383 shares of the oil and gas producer’s stock valued at $1,931,000 after purchasing an additional 6,841 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NFG shares. Weiss Ratings restated a “hold (c+)” rating on shares of National Fuel Gas in a research note on Tuesday, October 14th. Zacks Research downgraded shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Scotiabank cut shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $102.00 to $106.00 in a report on Thursday, October 9th. Wall Street Zen cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Bank of America raised shares of National Fuel Gas from an “underperform” rating to a “buy” rating and upped their price target for the company from $85.00 to $107.00 in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

National Fuel Gas Trading Down 0.5%

NFG opened at $81.73 on Friday. The stock has a market capitalization of $7.39 billion, a PE ratio of 30.73, a P/E/G ratio of 0.47 and a beta of 0.58. The firm’s fifty day moving average price is $87.26 and its 200 day moving average price is $84.50. 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 12-month low of $58.82 and a 12-month high of $94.13.

National Fuel Gas (NYSE:NFG) last issued 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 analysts’ expectations of $596.12 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same period in the prior 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. As a group, research analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio is 80.45%.

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.