Aull & Monroe Investment Management Corp reduced its stake in National Fuel Gas Company (NYSE:NFG – Free Report) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,848 shares of the oil and gas producer’s stock after selling 2,127 shares during the period. Aull & Monroe Investment Management Corp’s holdings in National Fuel Gas were worth $1,258,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NFG. Assetmark Inc. boosted its holdings in shares of National Fuel Gas by 9,475.0% in the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 379 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in shares of National Fuel Gas in the second quarter worth $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in National Fuel Gas by 316.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 304 shares during the period. Inlight Wealth Management LLC bought a new stake in National Fuel Gas during the first quarter valued at $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in National Fuel Gas during the first quarter valued at $55,000. 73.96% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently issued reports on NFG. Bank of America raised National Fuel Gas from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of National Fuel Gas in a research note on Tuesday, October 14th. Wall Street Zen lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Scotiabank lowered National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $102.00 to $106.00 in a research note on Thursday, October 9th. Finally, Zacks Research lowered National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. One 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.00.
National Fuel Gas Trading Up 0.5%
NYSE NFG opened at $85.69 on Friday. The stock’s 50-day simple moving average is $87.73 and its two-hundred day simple moving average is $84.19. National Fuel Gas Company has a twelve month low of $58.82 and a twelve month 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 company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 0.43 and a beta of 0.58.
National Fuel Gas (NYSE:NFG – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.14. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The business had revenue of $531.83 million for the quarter, compared to the consensus estimate of $596.12 million. During the same quarter last year, the business posted $0.99 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.
National Fuel Gas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.535 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. National Fuel Gas’s payout ratio is currently 80.45%.
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.
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