Bayforest Capital Ltd Grows Stock Position in National Fuel Gas Company $NFG

Key Points

• Bayforest Capital Ltd significantly increased its stake in National Fuel Gas Company, raising it by 16,186.7% in the first quarter, bringing its total holdings to 4,886 shares worth approximately $387,000.
• Multiple institutional investors have also raised their stakes, including Assetmark Inc., which increased its holding by 9,475.0%, indicating strong interest in the company.
• Analysts have mixed opinions on the stock, with ratings ranging from "Strong Buy" to "Hold", and Bank of America upgrading its price target from $85.00 to $107.00.

Bayforest Capital Ltd raised its stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 16,186.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,886 shares of the oil and gas producer's stock after buying an additional 4,856 shares during the period. Bayforest Capital Ltd's holdings in National Fuel Gas were worth $387,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. raised its stake in shares of 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 buying an additional 379 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 buying an additional 304 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of National Fuel Gas during the 4th quarter valued at about $36,000. Cranbrook Wealth Management LLC purchased a new position in shares of National Fuel Gas during the 1st quarter valued at about $40,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of National Fuel Gas during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NFG shares. Scotiabank restated an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Zacks Research lowered National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Wall Street Zen lowered National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Bank of America upgraded National Fuel Gas from an "underperform" rating to a "buy" rating and lifted their price target for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $96.67.

National Fuel Gas Trading Up 1.1%

NFG stock opened at $86.98 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas Company has a 12-month low of $58.82 and a 12-month high of $89.82. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 0.51 and a beta of 0.61. The business's 50-day moving average is $86.56 and its 200 day moving average is $81.88.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its 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. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The business had revenue of $531.83 million for the quarter, compared to analysts' expectations of $596.12 million. During the same period in the previous year, the firm posted $0.99 EPS. The business'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. On average, sell-side analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding NFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Fuel Gas Company (NYSE:NFG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.