Summit Investment Advisors Inc. Sells 4,384 Shares of National Fuel Gas Company $NFG

Summit Investment Advisors Inc. trimmed its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,302 shares of the oil and gas producer’s stock after selling 4,384 shares during the quarter. Summit Investment Advisors Inc. owned 0.06% of National Fuel Gas worth $3,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of National Fuel Gas during the second quarter worth $30,000. Assetmark Inc. raised its position in National Fuel Gas by 9,475.0% during the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 379 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in National Fuel Gas by 316.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 304 shares during the period. Golden State Wealth Management LLC lifted its holdings in 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 worth $34,000 after buying an additional 316 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of National Fuel Gas in the 1st quarter valued at about $55,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

National Fuel Gas Trading Up 1.6%

NFG opened at $79.27 on Friday. National Fuel Gas Company has a fifty-two week low of $58.98 and a fifty-two week high of $94.13. The firm has a market capitalization of $7.16 billion, a PE ratio of 29.80, a P/E/G ratio of 0.45 and a beta of 0.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The company’s 50-day moving average is $85.82 and its 200 day moving average is $84.68.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Wednesday, November 5th. The oil and gas producer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.08 by $0.14. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The firm had revenue of $456.41 million during the quarter, compared to the consensus estimate of $534.57 million. During the same period in the prior year, the business posted $0.77 earnings per share. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. As a group, research 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.535 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.14 annualized dividend and a yield of 2.7%. National Fuel Gas’s dividend payout ratio (DPR) is 37.68%.

Wall Street Analysts Forecast Growth

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

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.