Tocqueville Asset Management L.P. Trims Stock Position in National Fuel Gas Company $NFG

Tocqueville Asset Management L.P. cut its holdings in National Fuel Gas Company (NYSE:NFG) by 28.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 281,200 shares of the oil and gas producer’s stock after selling 111,005 shares during the period. Tocqueville Asset Management L.P. owned 0.31% of National Fuel Gas worth $25,974,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in National Fuel Gas in the second quarter valued at $91,964,000. Qube Research & Technologies Ltd grew its holdings in shares of National Fuel Gas by 642.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 465,830 shares of the oil and gas producer’s stock worth $39,460,000 after purchasing an additional 403,107 shares during the period. Jupiter Asset Management Ltd. increased its position in shares of National Fuel Gas by 99.6% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 465,254 shares of the oil and gas producer’s stock worth $42,976,000 after purchasing an additional 232,130 shares during the last quarter. Invesco Ltd. increased its position in shares of National Fuel Gas by 23.9% during the 3rd quarter. Invesco Ltd. now owns 1,117,052 shares of the oil and gas producer’s stock worth $103,182,000 after purchasing an additional 215,641 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in National Fuel Gas by 17.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,051,086 shares of the oil and gas producer’s stock valued at $89,038,000 after buying an additional 157,220 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Trading Up 2.3%

NFG traded up $2.14 during mid-day trading on Friday, hitting $95.88. 153,654 shares of the stock were exchanged, compared to its average volume of 783,997. The firm’s fifty day moving average is $85.42 and its two-hundred day moving average is $84.49. National Fuel Gas Company has a 1-year low of $69.93 and a 1-year high of $95.83. The company has a market cap of $9.11 billion, a PE ratio of 13.38, a PEG ratio of 1.19 and a beta of 0.57. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.15. The company had revenue of $651.51 million during the quarter, compared to the consensus estimate of $650.70 million. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.National Fuel Gas’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. Equities analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st. National Fuel Gas’s dividend payout ratio is presently 29.85%.

Analyst Ratings Changes

A number of research firms have commented on NFG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday, December 29th. Scotiabank set a $101.00 price target on shares of National Fuel Gas in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, National Fuel Gas currently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.