Bleakley Financial Group LLC Buys 1,239 Shares of National Fuel Gas Company $NFG

Bleakley Financial Group LLC grew its stake in shares of National Fuel Gas Company (NYSE:NFG) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,496 shares of the oil and gas producer’s stock after buying an additional 1,239 shares during the period. Bleakley Financial Group LLC owned 0.07% of National Fuel Gas worth $5,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NFG. LSV Asset Management lifted its stake in shares of National Fuel Gas by 29.6% during the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer’s stock valued at $170,515,000 after buying an additional 491,890 shares in the last quarter. Invesco Ltd. grew its holdings in National Fuel Gas by 93.7% during the 1st quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer’s stock valued at $75,315,000 after buying an additional 460,100 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of 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 worth $56,672,000 after buying an additional 355,800 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in National Fuel Gas in the 2nd quarter valued at $27,050,000. Finally, Jupiter Asset Management Ltd. bought a new position in shares of National Fuel Gas during the 1st quarter valued at about $20,892,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NFG has been the subject of several research analyst reports. Scotiabank cut National Fuel Gas from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $102.00 to $106.00 in a report on Thursday, October 9th. Zacks Research cut shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Bank of America raised shares of National Fuel Gas from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $107.00 in a research note on Tuesday, July 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of National Fuel Gas in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, National Fuel Gas presently has an average rating of “Moderate Buy” and an average target price of $98.00.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $81.98 on Friday. The company’s 50 day moving average is $87.37 and its 200 day moving average is $84.36. 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 cap of $7.41 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 0.47 and a beta of 0.58. National Fuel Gas Company has a 52-week low of $58.82 and a 52-week high of $94.13.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating the consensus estimate of $1.50 by $0.14. The business had revenue of $531.83 million during the quarter, compared to analyst estimates of $596.12 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The company’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, sell-side analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) 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.