Cobblestone Capital Advisors LLC NY Decreases Stock Position in National Fuel Gas Company $NFG

Cobblestone Capital Advisors LLC NY cut its position in National Fuel Gas Company (NYSE:NFG) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,143 shares of the oil and gas producer’s stock after selling 5,300 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in National Fuel Gas were worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NFG. LSV Asset Management boosted its stake in shares of National Fuel Gas by 29.6% in the first quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer’s stock valued at $170,515,000 after purchasing an additional 491,890 shares during the period. Invesco Ltd. raised its holdings in National Fuel Gas by 93.7% in the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer’s stock valued at $75,315,000 after acquiring an additional 460,100 shares in the last quarter. Mackenzie Financial Corp raised its holdings in National Fuel Gas by 98.9% in the first quarter. Mackenzie Financial Corp now owns 715,645 shares of the oil and gas producer’s stock valued at $56,672,000 after acquiring an additional 355,800 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in National Fuel Gas in the second quarter valued at $27,050,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in National Fuel Gas in the first quarter valued at $20,892,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on NFG. 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. Wall Street Zen cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of National Fuel Gas in a report on Tuesday, October 14th. Finally, Zacks Research cut shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

National Fuel Gas Stock Down 0.5%

Shares of NYSE:NFG opened at $81.73 on Monday. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 0.47 and a beta of 0.58. National Fuel Gas Company has a 1-year low of $58.82 and a 1-year high of $94.13. The company’s fifty day moving average is $87.26 and its two-hundred day moving average is $84.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46.

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. Equities analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

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.