Summit Investment Advisors Inc. Decreases Stake in National Fuel Gas Company $NFG

Summit Investment Advisors Inc. lowered its position in shares of National Fuel Gas Company (NYSE:NFG) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,302 shares of the oil and gas producer’s stock after selling 4,384 shares during the quarter. Summit Investment Advisors Inc.’s holdings in National Fuel Gas were worth $3,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Foster & Motley Inc. increased its position in shares of National Fuel Gas by 14.9% during the 2nd quarter. Foster & Motley Inc. now owns 69,353 shares of the oil and gas producer’s stock valued at $5,875,000 after purchasing an additional 8,993 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in National Fuel Gas during the second quarter valued at about $638,000. OneDigital Investment Advisors LLC purchased a new stake in National Fuel Gas during the first quarter worth about $203,000. Greenleaf Trust bought a new stake in National Fuel Gas in the first quarter worth about $259,000. Finally, Picton Mahoney Asset Management boosted its stake in National Fuel Gas by 29,652.6% in the first quarter. Picton Mahoney Asset Management now owns 5,653 shares of the oil and gas producer’s stock valued at $448,000 after acquiring an additional 5,634 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

National Fuel Gas Trading Up 1.6%

Shares of NFG opened at $79.27 on Friday. National Fuel Gas Company has a twelve month low of $58.98 and a twelve month high of $94.13. The stock has a market cap of $7.16 billion, a PE ratio of 29.80, a P/E/G ratio of 0.45 and a beta of 0.57. 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 business’s 50-day moving average price is $85.82 and its 200-day moving average price is $84.68.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Wednesday, November 5th. The oil and gas producer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. The company had revenue of $456.41 million during the quarter, compared to analysts’ expectations of $534.57 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. National Fuel Gas’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. On average, equities analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

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. This represents a $2.14 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, September 30th. National Fuel Gas’s payout ratio is presently 37.68%.

National Fuel Gas 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.