Hennessy Advisors Inc. Grows Stock Holdings in National Fuel Gas Company $NFG

Key Points

• Hennessy Advisors Inc. increased its stake in National Fuel Gas Company by 4.4% during the 2nd quarter, holding 87,924 shares valued at approximately $7.45 million.
• Analyst ratings have fluctuated, with Zacks and Wall Street Zen downgrading the stock to a "hold" while Bank of America upgraded it to a "buy" with a price target increase from $85 to $107.
• National Fuel Gas recently declared a quarterly dividend of $0.535 per share, representing an annualized dividend yield of 2.4% and a payout ratio of 80.45%.

Hennessy Advisors Inc. boosted its position in National Fuel Gas Company (NYSE:NFG - Free Report) by 4.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 87,924 shares of the oil and gas producer's stock after acquiring an additional 3,700 shares during the period. Hennessy Advisors Inc. owned about 0.10% of National Fuel Gas worth $7,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in National Fuel Gas in the 2nd quarter worth approximately $30,000. Assetmark Inc. boosted its holdings 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 purchasing an additional 379 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of National Fuel Gas by 316.7% in 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 last quarter. Inlight Wealth Management LLC acquired a new position in shares of National Fuel Gas in the 1st quarter valued at $40,000. Finally, Cranbrook Wealth Management LLC acquired a new position in shares of National Fuel Gas in the 1st quarter valued at $40,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on NFG shares. Wall Street Zen lowered shares of National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of National Fuel Gas in a report on Saturday, September 27th. Zacks Research lowered shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Bank of America upgraded shares of 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 report on Tuesday, July 15th. Finally, Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $96.67.

National Fuel Gas Stock Performance

National Fuel Gas stock opened at $88.63 on Friday. National Fuel Gas Company has a 12-month low of $58.82 and a 12-month high of $94.13. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. 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 firm's fifty day moving average price is $87.90 and its 200 day moving average price is $83.64.

National Fuel Gas (NYSE:NFG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The firm had revenue of $531.83 million for the quarter, compared to the consensus estimate of $596.12 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm's quarterly revenue was up 27.4% on a year-over-year basis. 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 forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.14 annualized dividend and a yield of 2.4%. National Fuel Gas's payout ratio is 80.45%.

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.

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