7,981 Shares in National Fuel Gas Company $NFG Acquired by Sheets Smith Wealth Management

Sheets Smith Wealth Management purchased a new position in shares of National Fuel Gas Company (NYSE:NFG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,981 shares of the oil and gas producer’s stock, valued at approximately $676,000.

A number of other large investors have also bought and sold shares of the business. LSV Asset Management boosted its position in National Fuel Gas by 29.6% in the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer’s stock valued at $170,515,000 after buying an additional 491,890 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in National Fuel Gas by 3.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,495,867 shares of the oil and gas producer’s stock valued at $118,458,000 after buying an additional 48,202 shares during the last quarter. Northern Trust Corp boosted its position in National Fuel Gas by 15.3% in the 1st quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer’s stock valued at $93,031,000 after buying an additional 155,711 shares during the last quarter. Bank of New York Mellon Corp boosted its position in National Fuel Gas by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer’s stock valued at $87,493,000 after buying an additional 22,320 shares during the last quarter. Finally, Invesco Ltd. boosted its position in National Fuel Gas by 93.7% in the 1st quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer’s stock valued at $75,315,000 after buying an additional 460,100 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NFG has been the topic of several analyst reports. Bank of America raised National Fuel Gas from an “underperform” rating to a “buy” rating and increased their target price for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Zacks Research downgraded shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Scotiabank reissued an “outperform” rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.67.

National Fuel Gas Stock Up 3.1%

NYSE:NFG opened at $92.23 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. The company has a market cap of $8.33 billion, a PE ratio of 34.67, a PEG ratio of 0.53 and a beta of 0.61. National Fuel Gas Company has a 52-week low of $58.82 and a 52-week high of $92.56. The stock has a 50-day simple moving average of $87.32 and a 200 day simple moving average of $82.84.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.14. The firm had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. On average, sell-side analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.3%. National Fuel Gas’s payout ratio is 80.45%.

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.