National Fuel Gas Company $NFG Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its position in National Fuel Gas Company (NYSE:NFG) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,359,082 shares of the oil and gas producer’s stock after selling 19,000 shares during the period. National Fuel Gas makes up approximately 1.5% of Gabelli Funds LLC’s holdings, making the stock its 4th largest holding. Gabelli Funds LLC owned approximately 2.61% of National Fuel Gas worth $217,908,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new stake in National Fuel Gas during the 3rd quarter worth approximately $29,000. Richardson Financial Services Inc. lifted its position in National Fuel Gas by 88.5% during the third quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 169 shares in the last quarter. Golden State Wealth Management LLC lifted its position in National Fuel Gas by 355.1% during the second quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 316 shares in the last quarter. Hantz Financial Services Inc. grew its stake in National Fuel Gas by 105.3% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 217 shares during the period. Finally, True Wealth Design LLC increased its position in shares of National Fuel Gas by 3,883.3% in the third quarter. True Wealth Design LLC now owns 478 shares of the oil and gas producer’s stock worth $44,000 after acquiring an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday, December 29th. Finally, Scotiabank set a $101.00 price objective on National Fuel Gas in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $96.33.

National Fuel Gas Stock Performance

National Fuel Gas stock opened at $92.96 on Friday. National Fuel Gas Company has a 52 week low of $69.93 and a 52 week high of $94.13. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The stock has a market cap of $8.83 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 1.19 and a beta of 0.57. The stock has a 50 day moving average of $84.45 and a 200-day moving average of $84.33.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.15. The business had revenue of $651.51 million during the quarter, compared to analyst estimates of $650.70 million. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 earnings per share. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. On average, analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.