ProShare Advisors LLC Sells 23,517 Shares of National Fuel Gas Company $NFG

ProShare Advisors LLC lessened its stake in National Fuel Gas Company (NYSE:NFG) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 401,846 shares of the oil and gas producer’s stock after selling 23,517 shares during the quarter. ProShare Advisors LLC’s holdings in National Fuel Gas were worth $37,119,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in National Fuel Gas by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock valued at $12,667,000 after acquiring an additional 36,913 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of National Fuel Gas during the first quarter valued at about $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of National Fuel Gas by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock worth $17,480,000 after purchasing an additional 8,304 shares during the last quarter. Focus Partners Wealth lifted its position in shares of National Fuel Gas by 79.5% in the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock worth $1,008,000 after buying an additional 5,638 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in National Fuel Gas during the first quarter valued at approximately $138,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Scotiabank set a $101.00 price objective on National Fuel Gas in a research note on Wednesday, January 21st. Weiss Ratings restated a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $96.33.

National Fuel Gas Stock Performance

NYSE:NFG opened at $85.08 on Tuesday. The firm has a market capitalization of $8.09 billion, a PE ratio of 11.87, a PEG ratio of 1.10 and a beta of 0.60. The stock’s fifty day moving average is $81.77 and its 200 day moving average is $84.05. National Fuel Gas Company has a fifty-two week low of $69.93 and a fifty-two week high of $94.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.65.

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

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, December 31st. National Fuel Gas’s dividend payout ratio is presently 29.85%.

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.