Allianz Asset Management GmbH Cuts Holdings in National Fuel Gas Company $NFG

Allianz Asset Management GmbH lessened its stake in National Fuel Gas Company (NYSE:NFG) by 24.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 146,619 shares of the oil and gas producer’s stock after selling 46,779 shares during the quarter. Allianz Asset Management GmbH’s holdings in National Fuel Gas were worth $12,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in National Fuel Gas in the 2nd quarter worth approximately $30,000. Assetmark Inc. grew its stake in National Fuel Gas by 9,475.0% in the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 379 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in National Fuel Gas by 316.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 304 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in National Fuel Gas in the 1st quarter worth approximately $55,000. Finally, Wayfinding Financial LLC purchased a new position in National Fuel Gas in the 1st quarter worth approximately $59,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Up 0.9%

NYSE:NFG opened at $86.47 on Tuesday. The company has a fifty day moving average of $87.71 and a 200 day moving average of $84.32. National Fuel Gas Company has a 52 week low of $58.82 and a 52 week high of $94.13. 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 market capitalization of $7.81 billion, a P/E ratio of 32.51, a P/E/G ratio of 0.43 and a beta of 0.58.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating 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 company had revenue of $531.83 million during the quarter, compared to analyst estimates of $596.12 million. During the same period in the prior year, the business posted $0.99 EPS. The firm’s 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. On average, research analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 yield of 2.5%. The ex-dividend date was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio is currently 80.45%.

Analyst Upgrades and Downgrades

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

National Fuel Gas Company 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.