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

Turtle Creek Wealth Advisors LLC purchased a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the second quarter, Holdings Channel.com reports. The firm purchased 7,526 shares of the oil and gas producer’s stock, valued at approximately $638,000.

Other hedge funds have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of National Fuel Gas during the 2nd quarter valued at $30,000. Assetmark Inc. grew its position 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 purchasing an additional 379 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 304 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of National Fuel Gas during the 1st quarter valued at $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in National Fuel Gas in the first quarter worth $55,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NFG. Zacks Research lowered shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of National Fuel Gas in a research report on Tuesday. Wall Street Zen lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Scotiabank lowered shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $102.00 to $106.00 in a research report on Thursday, October 9th. Finally, Bank of America upgraded shares of National Fuel Gas from an “underperform” rating to a “buy” rating and upped their target price for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.00.

National Fuel Gas Stock Performance

NYSE NFG opened at $85.20 on Friday. The company has a 50-day simple moving average of $87.78 and a two-hundred day simple moving average of $84.12. The company has a quick ratio of 0.39, a current ratio of 0.46 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 $94.13. The firm has a market cap 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) last posted its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $531.83 million during the quarter, compared to analyst estimates of $596.12 million. During the same period in the prior year, the business posted $0.99 earnings per share. The company’s 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, equities analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 30th. National Fuel Gas’s dividend 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.