Oppenheimer & Co. Inc. Purchases 28,293 Shares of National Fuel Gas Company $NFG

Key Points

• Oppenheimer & Co. Inc. raised its stake in National Fuel Gas by 84.6% in Q4, buying 28,293 shares to hold 61,728 shares worth about $4.94 million (≈0.06% of the company).
• National Fuel Gas reported Q2 EPS of $2.71, missing estimates of $2.85 while posting revenue of $858.4M (+17.6% YoY); management reiterated FY2026 guidance of $7.45–$7.75 and analysts show a consensus "Moderate Buy" with a $106 price target.
• The company pays a quarterly dividend of $0.535 (annualized $2.14, 2.6% yield, 28.96% payout ratio); the stock opened at $83.05 (down ~1.6%), with a market cap of $7.89B and a P/E of 11.24.

Oppenheimer & Co. Inc. raised its position in National Fuel Gas Company (NYSE:NFG - Free Report) by 84.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,728 shares of the oil and gas producer's stock after purchasing an additional 28,293 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.06% of National Fuel Gas worth $4,942,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NFG. State of New Jersey Common Pension Fund D increased its position in shares of National Fuel Gas by 8.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 26,520 shares of the oil and gas producer's stock worth $2,123,000 after acquiring an additional 2,177 shares in the last quarter. Cardinal Capital Management increased its position in shares of National Fuel Gas by 0.6% during the fourth quarter. Cardinal Capital Management now owns 100,376 shares of the oil and gas producer's stock worth $8,089,000 after acquiring an additional 601 shares in the last quarter. Torren Management LLC bought a new stake in shares of National Fuel Gas during the fourth quarter worth $49,000. Ares Financial Consulting LLC bought a new stake in shares of National Fuel Gas during the fourth quarter worth $82,000. Finally, M&T Bank Corp increased its position in shares of National Fuel Gas by 13.0% during the fourth quarter. M&T Bank Corp now owns 6,613 shares of the oil and gas producer's stock worth $530,000 after acquiring an additional 762 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NFG shares. KeyCorp started coverage on shares of National Fuel Gas in a research report on Tuesday, April 7th. They set an "overweight" rating and a $110.00 price objective for the company. Scotiabank set a $101.00 price objective on shares of National Fuel Gas in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of National Fuel Gas from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, National Fuel Gas currently has an average rating of "Moderate Buy" and a consensus price target of $106.00.

Key Stories Impacting National Fuel Gas

Here are the key news stories impacting National Fuel Gas this week:

• Positive Sentiment: Management reiterated FY2026 guidance of $7.45–$7.75 EPS and struck a confident tone on the earnings call, which supports forward expectations and reduces uncertainty around full-year targets. National Fuel Gas Earnings Call Signals Resilient Growth
• Positive Sentiment: Q2 showed higher revenue and net income year-over-year and a solid return on equity, indicating the business model still generates healthy margins despite headwinds. National Fuel Gas Q2 Earnings Lag Estimates, Revenues Increase Y/Y
• Neutral Sentiment: Company is advancing a $93M Line N pipeline upgrade targeted for late 2028 — a long-term infrastructure lift that should support volumes and reliability but increases near-term capital commitments. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028
• Neutral Sentiment: Management is exploring acquiring a larger Erie office (adding ~80 jobs), signaling investment in workforce and operations growth in the region; impact on earnings is modest but positive for long-term capacity. Erie office building was once home to Hammermill. NFG eyes buying it
• Negative Sentiment: Adjusted EPS missed consensus, largely attributed to declining production volumes this quarter — the primary near-term catalyst dragging the stock down. National Fuel Gas Q2 Earnings Lag Estimates, Revenues Increase Y/Y
• Negative Sentiment: Planned capex (Line N) and any reallocation of cash to upgrades could pressure near-term free cash flow and create execution risk on timing/costs — a concern for income-focused investors given the company’s dividend profile. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028

National Fuel Gas Stock Down 1.6%

National Fuel Gas stock opened at $83.05 on Friday. The company has a market cap of $7.89 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.17 and a beta of 0.41. National Fuel Gas Company has a 1-year low of $77.22 and a 1-year high of $97.06. The company has a fifty day simple moving average of $91.69 and a 200 day simple moving average of $85.38. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 0.55.

National Fuel Gas (NYSE:NFG - Get Free Report) last released its earnings results on Wednesday, April 29th. The oil and gas producer reported $2.71 earnings per share for the quarter, missing analysts' consensus estimates of $2.85 by ($0.14). The business had revenue of $858.37 million during the quarter, compared to the consensus estimate of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the business posted $2.39 EPS. National Fuel Gas has set its FY 2026 guidance at 7.450-7.750 EPS. Research analysts anticipate that National Fuel Gas Company will post 7.72 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.14 dividend on an annualized basis and a yield of 2.6%. National Fuel Gas's dividend payout ratio (DPR) is 28.96%.

National Fuel Gas Profile

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.

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