Cresset Asset Management LLC Acquires New Holdings in National Fuel Gas Company $NFG

Cresset Asset Management LLC bought a new position in National Fuel Gas Company (NYSE:NFG) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,530 shares of the oil and gas producer’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of National Fuel Gas by 9,475.0% in the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 379 shares in the last quarter. Quarry LP acquired a new position in National Fuel Gas in the fourth quarter valued at about $32,000. Ameriflex Group Inc. acquired a new position in National Fuel Gas in the fourth quarter valued at about $36,000. Cranbrook Wealth Management LLC bought a new stake in shares of National Fuel Gas in the first quarter worth about $40,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of National Fuel Gas during the first quarter worth about $40,000. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America upgraded National Fuel Gas from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $107.00 in a research report on Tuesday, July 15th. Wall Street Zen cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Scotiabank restated an “outperform” rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Finally, Zacks Research cut National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, National Fuel Gas has an average rating of “Moderate Buy” and an average price target of $96.67.

National Fuel Gas Stock Up 0.2%

NYSE:NFG opened at $86.87 on Wednesday. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 0.51 and a beta of 0.65. National Fuel Gas Company has a twelve month low of $58.50 and a twelve month high of $89.82. The stock’s 50 day moving average price is $86.18 and its two-hundred day moving average price is $80.87. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80.

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

National Fuel Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.535 per share. The ex-dividend date was Monday, June 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.52. National Fuel Gas’s dividend payout ratio (DPR) is presently 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.