Old Port Advisors Boosts Holdings in National Fuel Gas Company $NFG

Old Port Advisors lifted its position in shares of National Fuel Gas Company (NYSE:NFG) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,487 shares of the oil and gas producer’s stock after purchasing an additional 200 shares during the quarter. Old Port Advisors’ holdings in National Fuel Gas were worth $2,583,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Sheets Smith Wealth Management purchased a new stake in shares of National Fuel Gas during the 2nd quarter worth about $676,000. Fortitude Family Office LLC grew its holdings in shares of National Fuel Gas by 1,258.0% during the 2nd quarter. Fortitude Family Office LLC now owns 1,195 shares of the oil and gas producer’s stock worth $101,000 after purchasing an additional 1,107 shares during the period. Cardinal Capital Management grew its holdings in shares of National Fuel Gas by 3.0% during the 2nd quarter. Cardinal Capital Management now owns 98,794 shares of the oil and gas producer’s stock worth $8,421,000 after purchasing an additional 2,909 shares during the period. GAMMA Investing LLC boosted its holdings in National Fuel Gas by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,857 shares of the oil and gas producer’s stock worth $157,000 after acquiring an additional 195 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in National Fuel Gas by 156.3% in the 2nd quarter. Park Avenue Securities LLC now owns 9,325 shares of the oil and gas producer’s stock worth $790,000 after acquiring an additional 5,686 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of NYSE NFG opened at $93.68 on Friday. National Fuel Gas Company has a 1-year low of $58.82 and a 1-year high of $94.13. 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 business’s fifty day moving average price is $87.50 and its two-hundred day moving average price is $83.10. The firm has a market capitalization of $8.46 billion, a PE ratio of 35.22, a P/E/G ratio of 0.55 and a beta of 0.61.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.14. The company 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 company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. 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, research analysts expect that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on NFG shares. Scotiabank restated an “outperform” rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Zacks Research cut National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Bank of America upgraded National Fuel Gas from an “underperform” rating to a “buy” rating and upped their price target for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. Finally, Wall Street Zen cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.67.

About National Fuel Gas

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.