Apollon Wealth Management LLC Lowers Stock Position in National Fuel Gas Company $NFG

Apollon Wealth Management LLC trimmed its stake in National Fuel Gas Company (NYSE:NFG) by 34.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,845 shares of the oil and gas producer’s stock after selling 1,484 shares during the period. Apollon Wealth Management LLC’s holdings in National Fuel Gas were worth $241,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in NFG. OneDigital Investment Advisors LLC acquired a new position in National Fuel Gas during the first quarter worth $203,000. Cambridge Investment Research Advisors Inc. boosted its holdings in National Fuel Gas by 5.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,184 shares of the oil and gas producer’s stock valued at $1,044,000 after acquiring an additional 712 shares during the period. KBC Group NV grew its position in National Fuel Gas by 18.5% in the 1st quarter. KBC Group NV now owns 3,908 shares of the oil and gas producer’s stock valued at $309,000 after acquiring an additional 609 shares in the last quarter. Greenleaf Trust purchased a new stake in National Fuel Gas during the first quarter worth about $259,000. Finally, Picton Mahoney Asset Management boosted its stake in shares of National Fuel Gas by 29,652.6% in the first quarter. Picton Mahoney Asset Management now owns 5,653 shares of the oil and gas producer’s stock valued at $448,000 after purchasing an additional 5,634 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

NYSE:NFG opened at $85.69 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 debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a market capitalization of $7.74 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 0.43 and a beta of 0.58. The business’s fifty day moving average price is $87.73 and its 200 day moving average price is $84.19.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.14. The company had revenue of $531.83 million during the quarter, compared to the consensus estimate of $596.12 million. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.National Fuel Gas’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. 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 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a 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%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFG shares. Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Scotiabank downgraded shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $102.00 to $106.00 in a research note on Thursday, October 9th. Zacks Research cut National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of National Fuel Gas in a report on Tuesday, October 14th. Finally, Bank of America upgraded National Fuel Gas from an “underperform” rating to a “buy” rating and upped their price target for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

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.