Mutual of America Capital Management LLC Decreases Position in National Fuel Gas Company $NFG

Mutual of America Capital Management LLC trimmed its position in shares of National Fuel Gas Company (NYSE:NFG) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,932 shares of the oil and gas producer’s stock after selling 1,673 shares during the quarter. Mutual of America Capital Management LLC’s holdings in National Fuel Gas were worth $3,806,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Foster & Motley Inc. boosted its position in National Fuel Gas by 14.9% during the second quarter. Foster & Motley Inc. now owns 69,353 shares of the oil and gas producer’s stock worth $5,875,000 after purchasing an additional 8,993 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in National Fuel Gas during the second quarter worth $638,000. OneDigital Investment Advisors LLC purchased a new stake in National Fuel Gas during the first quarter worth $203,000. Cambridge Investment Research Advisors Inc. boosted its position in National Fuel Gas by 5.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,184 shares of the oil and gas producer’s stock worth $1,044,000 after purchasing an additional 712 shares in the last quarter. Finally, KBC Group NV boosted its position in National Fuel Gas by 18.5% during the first quarter. KBC Group NV now owns 3,908 shares of the oil and gas producer’s stock worth $309,000 after purchasing an additional 609 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFG has been the topic of a number of research analyst reports. Scotiabank downgraded National Fuel Gas from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $102.00 to $106.00 in a research report on Thursday, October 9th. Bank of America upgraded 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 report on Tuesday, July 15th. Zacks Research downgraded shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of National Fuel Gas in a research note 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

National Fuel Gas Stock Performance

NYSE NFG opened at $81.98 on Friday. The business’s 50-day moving average price is $87.37 and its 200 day moving average price is $84.36. National Fuel Gas Company has a twelve month low of $58.82 and a twelve month high of $94.13. The company has a market capitalization of $7.41 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 0.47 and a beta of 0.58. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $531.83 million for the quarter, compared to the consensus estimate of $596.12 million. During the same period in the prior year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.535 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.14 annualized dividend and a yield of 2.6%. 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.