PNC Financial Services Group Inc. Sells 16,600 Shares of National Fuel Gas Company $NFG

PNC Financial Services Group Inc. trimmed its position in shares of National Fuel Gas Company (NYSE:NFG) by 29.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 40,289 shares of the oil and gas producer’s stock after selling 16,600 shares during the quarter. PNC Financial Services Group Inc.’s holdings in National Fuel Gas were worth $3,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in National Fuel Gas in the 3rd quarter worth $29,000. Hantz Financial Services Inc. raised its holdings in National Fuel Gas by 105.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 217 shares during the period. Eastern Bank bought a new position in National Fuel Gas in the 4th quarter worth $42,000. Torren Management LLC bought a new position in National Fuel Gas in the 4th quarter worth $49,000. Finally, EverSource Wealth Advisors LLC raised its holdings in National Fuel Gas by 88.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 916 shares of the oil and gas producer’s stock worth $78,000 after purchasing an additional 429 shares during the period. 73.96% of the stock is owned by institutional investors.

National Fuel Gas Price Performance

NYSE:NFG opened at $81.02 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.62 and a debt-to-equity ratio of 0.55. The business’s 50-day simple moving average is $88.72 and its two-hundred day simple moving average is $85.31. The stock has a market cap of $7.70 billion, a PE ratio of 10.96, a P/E/G ratio of 1.76 and a beta of 0.41. National Fuel Gas Company has a 52 week low of $77.22 and a 52 week high of $97.06.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $2.71 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The business had revenue of $858.37 million for the quarter, compared to the consensus estimate of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. National Fuel Gas’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.39 earnings per share. National Fuel Gas has set its FY 2026 guidance at 7.450-7.750 EPS. As a group, analysts forecast that National Fuel Gas Company will post 7.66 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.14 dividend on an annualized basis and a yield of 2.6%. National Fuel Gas’s dividend payout ratio (DPR) is currently 28.96%.

Wall Street Analyst Weigh In

NFG has been the topic of a number of recent research reports. Weiss Ratings raised National Fuel Gas from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. KeyCorp initiated coverage on National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, Zacks Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Company 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.