National Fuel Gas Company $NFG Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its stake in National Fuel Gas Company (NYSE:NFG) by 34.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

Several other hedge funds also recently made changes to their positions in NFG. Inspire Investing LLC increased its position in shares of National Fuel Gas by 72.5% during the second quarter. Inspire Investing LLC now owns 9,390 shares of the oil and gas producer’s stock worth $795,000 after purchasing an additional 3,948 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of National Fuel Gas in the 2nd quarter valued at about $264,000. US Bancorp DE grew its stake in National Fuel Gas by 0.6% during the 2nd quarter. US Bancorp DE now owns 25,766 shares of the oil and gas producer’s stock worth $2,183,000 after buying an additional 161 shares during the last quarter. Confluence Wealth Services Inc. increased its position in National Fuel Gas by 14.7% during the second quarter. Confluence Wealth Services Inc. now owns 5,331 shares of the oil and gas producer’s stock worth $452,000 after buying an additional 685 shares during the period. Finally, DAVENPORT & Co LLC acquired a new position in National Fuel Gas during the second quarter worth approximately $243,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Stock Up 0.5%

Shares of National Fuel Gas stock opened at $85.69 on Friday. National Fuel Gas Company has a one year low of $58.82 and a one year high of $94.13. The company has a market cap of $7.74 billion, a P/E ratio of 32.22, a PEG ratio of 0.43 and a beta of 0.58. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. The firm has a fifty day moving average of $87.73 and a two-hundred day moving average of $84.19.

National Fuel Gas (NYSE:NFG) last issued 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 business had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The business’s revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. 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, analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.535 dividend. 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 (DPR) is currently 80.45%.

Wall Street Analyst Weigh In

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

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.