Turtle Creek Wealth Advisors LLC Invests $638,000 in National Fuel Gas Company $NFG

Key Points

• Turtle Creek Wealth Advisors LLC invested approximately $638,000 in National Fuel Gas Company during Q2, acquiring 7,526 shares.
• Analyst ratings for National Fuel Gas have seen changes, with Zacks downgrading the stock from a "strong-buy" to a "hold", while Bank of America upgraded it from "underperform" to "buy".
• The company recently announced a quarterly dividend of $0.535 per share, representing an annualized yield of 2.5% and a payout ratio of 80.45%.

Turtle Creek Wealth Advisors LLC bought a new position in National Fuel Gas Company (NYSE:NFG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,526 shares of the oil and gas producer's stock, valued at approximately $638,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. boosted its stake 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 worth $30,000 after buying an additional 379 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of National Fuel Gas in the 2nd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $32,000 after buying an additional 304 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in shares of National Fuel Gas in the 1st quarter worth approximately $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of National Fuel Gas in the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Zacks Research downgraded National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Wall Street Zen cut shares of National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. Scotiabank cut shares of National Fuel Gas from an "outperform" rating to a "sector perform" rating and lifted their price target for the stock from $102.00 to $106.00 in a report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of National Fuel Gas in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $98.00.

National Fuel Gas Trading Down 1.2%

Shares of NFG stock opened at $85.20 on Friday. The company's fifty day simple moving average is $87.78 and its two-hundred day simple moving average is $84.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. National Fuel Gas Company has a 1 year low of $58.82 and a 1 year high of $94.13. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 0.43 and a beta of 0.58.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $531.83 million for the quarter, compared to analysts' expectations of $596.12 million. During the same quarter 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. As a group, analysts anticipate that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was 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%.

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.

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