Caprock Group LLC Acquires Shares of 6,428 National Fuel Gas Company $NFG

Caprock Group LLC acquired a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,428 shares of the oil and gas producer’s stock, valued at approximately $558,000.

Several other hedge funds also recently made changes to their positions in NFG. Fox Run Management L.L.C. grew its holdings in shares of National Fuel Gas by 80.0% during the 2nd quarter. Fox Run Management L.L.C. now owns 15,291 shares of the oil and gas producer’s stock worth $1,295,000 after acquiring an additional 6,796 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of National Fuel Gas in the 3rd quarter valued at approximately $5,228,000. Nordea Investment Management AB boosted its position in shares of National Fuel Gas by 15.2% during the third quarter. Nordea Investment Management AB now owns 103,374 shares of the oil and gas producer’s stock valued at $9,541,000 after purchasing an additional 13,620 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in National Fuel Gas by 152.2% in the second quarter. Orion Porfolio Solutions LLC now owns 34,345 shares of the oil and gas producer’s stock worth $2,909,000 after purchasing an additional 20,726 shares during the period. Finally, Great Lakes Advisors LLC raised its holdings in National Fuel Gas by 26.6% in the third quarter. Great Lakes Advisors LLC now owns 127,075 shares of the oil and gas producer’s stock worth $11,738,000 after purchasing an additional 26,737 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $87.07 on Wednesday. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.60. 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 Company has a one year low of $69.93 and a one year high of $94.13. The company’s 50-day moving average is $82.30 and its 200 day moving average is $84.02.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.15. The firm had revenue of $651.51 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.66 earnings per share. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. Sell-side analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

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

Analysts Set New Price Targets

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

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.