Atlantic Union Bankshares Corp Acquires Shares of 1,580 National Fuel Gas Company $NFG

Atlantic Union Bankshares Corp bought a new position in National Fuel Gas Company (NYSE:NFG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,580 shares of the oil and gas producer’s stock, valued at approximately $134,000.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of National Fuel Gas by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 4,784 shares of the oil and gas producer’s stock valued at $405,000 after acquiring an additional 129 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in National Fuel Gas by 3.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,285 shares of the oil and gas producer’s stock valued at $419,000 after purchasing an additional 156 shares during the period. US Bancorp DE lifted its holdings in shares of National Fuel Gas by 0.6% in the second quarter. US Bancorp DE now owns 25,766 shares of the oil and gas producer’s stock valued at $2,183,000 after purchasing an additional 161 shares in the last quarter. Horizon Investment Services LLC lifted its holdings in shares of National Fuel Gas by 2.5% in the first quarter. Horizon Investment Services LLC now owns 6,618 shares of the oil and gas producer’s stock valued at $524,000 after purchasing an additional 162 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of National Fuel Gas by 19.6% in the second quarter. UMB Bank n.a. now owns 1,012 shares of the oil and gas producer’s stock worth $86,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

NFG has been the subject of several research analyst reports. Wall Street Zen downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Scotiabank lowered shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $102.00 to $106.00 in a research report on Thursday, October 9th. Zacks Research cut shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Fuel Gas in a research report on Wednesday. Finally, Bank of America upgraded shares of National Fuel Gas from an “underperform” rating to a “buy” rating and increased their target price for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, National Fuel Gas has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

National Fuel Gas Price Performance

NYSE NFG opened at $79.27 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $7.16 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 0.45 and a beta of 0.57. National Fuel Gas Company has a 12-month low of $58.98 and a 12-month high of $94.13. The company has a 50 day moving average price of $85.82 and a two-hundred day moving average price of $84.77.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas producer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The business had revenue of $456.41 million for the quarter, compared to the consensus estimate of $534.57 million. During the same quarter last year, the firm earned $0.77 EPS. National Fuel Gas’s revenue for the quarter was up 22.7% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. As a group, equities analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.7%. National Fuel Gas’s payout ratio is currently 37.68%.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.