CenterBook Partners LP Purchases 19,963 Shares of National Fuel Gas Company $NFG

CenterBook Partners LP lifted its position in National Fuel Gas Company (NYSE:NFG) by 328.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,041 shares of the oil and gas producer’s stock after buying an additional 19,963 shares during the period. CenterBook Partners LP’s holdings in National Fuel Gas were worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in National Fuel Gas in the third quarter valued at about $29,000. Richardson Financial Services Inc. grew its stake in shares of National Fuel Gas by 88.5% during the 3rd quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 169 shares during the period. Golden State Wealth Management LLC increased its position in shares of National Fuel Gas by 355.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 316 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of National Fuel Gas by 105.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 217 shares during the period. Finally, True Wealth Design LLC boosted its holdings in shares of National Fuel Gas by 3,883.3% in the third quarter. True Wealth Design LLC now owns 478 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

NYSE:NFG opened at $87.89 on Friday. The stock has a 50-day moving average price of $82.50 and a 200 day moving average price of $84.07. The stock has a market capitalization of $8.35 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.11 and a beta of 0.60. National Fuel Gas Company has a 12-month low of $69.93 and a 12-month high of $94.13. 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 announced its quarterly earnings data on Wednesday, January 28th. The oil and gas producer reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.15. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The business had revenue of $651.51 million during the quarter, compared to analyst estimates of $650.70 million. During the same period last year, the firm posted $1.66 EPS. The company’s revenue was up 18.6% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. Equities research analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders 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 yield of 2.4%. National Fuel Gas’s payout ratio is presently 29.85%.

Analysts Set New Price Targets

NFG has been the subject of a number of research reports. Zacks Research cut shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Scotiabank set a $101.00 price objective on shares of National Fuel Gas in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.