Royal Bank of Canada Lowers Position in National Fuel Gas Company $NFG

Royal Bank of Canada trimmed its position in shares of National Fuel Gas Company (NYSE:NFG) by 37.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,654 shares of the oil and gas producer’s stock after selling 170,590 shares during the quarter. Royal Bank of Canada’s holdings in National Fuel Gas were worth $26,370,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its holdings in National Fuel Gas by 458.0% in the first quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 229 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of National Fuel Gas during the 4th quarter worth about $29,000. HM Payson & Co. purchased a new stake in shares of National Fuel Gas during the 4th quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of National Fuel Gas during the 1st quarter valued at about $38,000. Finally, SHP Wealth Management acquired a new stake in shares of National Fuel Gas during the 4th quarter valued at about $44,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Trading Down 1.4%

Shares of National Fuel Gas stock opened at $81.61 on Wednesday. The company has a current ratio of 3.20, a quick ratio of 3.07 and a debt-to-equity ratio of 0.91. National Fuel Gas Company has a twelve month low of $75.17 and a twelve month high of $97.06. The firm has a market capitalization of $7.76 billion, a PE ratio of 11.34, a P/E/G ratio of 1.84 and a beta of 0.37. The firm’s 50-day moving average price is $78.84 and its 200 day moving average price is $84.59.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $1.54 EPS for the quarter, topping the consensus estimate of $1.44 by $0.10. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The company had revenue of $537.50 million during the quarter, compared to analyst estimates of $564.33 million. During the same period in the previous year, the business earned $1.64 EPS. National Fuel Gas’s quarterly revenue was up 1.1% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 7.400-7.600 EPS. On average, sell-side analysts predict that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.555 dividend. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 30th. National Fuel Gas’s dividend payout ratio is presently 30.83%.

Wall Street Analysts Forecast Growth

NFG has been the subject of a number of analyst reports. Wall Street Zen cut National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday. KeyCorp started coverage on National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Weiss Ratings cut National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.50.

National Fuel Gas 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.