DAVENPORT & Co LLC Invests $243,000 in National Fuel Gas Company $NFG

DAVENPORT & Co LLC acquired a new position in National Fuel Gas Company (NYSE:NFG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,872 shares of the oil and gas producer’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake 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 valued at $30,000 after purchasing an additional 379 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in National Fuel Gas during the 2nd quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $32,000 after purchasing an additional 304 shares during the period. Inlight Wealth Management LLC bought a new stake in National Fuel Gas during the 1st quarter valued at approximately $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in National Fuel Gas during the 1st quarter valued at approximately $55,000. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $84.83 on Tuesday. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 0.42 and a beta of 0.58. 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 stock has a 50 day moving average price of $87.88 and a 200-day moving average price of $84.06. National Fuel Gas Company has a one year low of $58.82 and a one year high of $94.13.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.14. The firm had revenue of $531.83 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts expect that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.535 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.5%. National Fuel Gas’s payout ratio is presently 80.45%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America raised National Fuel Gas from an “underperform” rating to a “buy” rating and lifted their target price for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Zacks Research downgraded National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Scotiabank downgraded National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $102.00 to $106.00 in a research note on Thursday. Wall Street Zen downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Fuel Gas in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.00.

National Fuel Gas 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.