National Fuel Gas Company $NFG Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its position in shares of National Fuel Gas Company (NYSE:NFG) by 173.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 19,947 shares of the oil and gas producer’s stock after acquiring an additional 12,660 shares during the period. Picton Mahoney Asset Management’s holdings in National Fuel Gas were worth $1,842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in National Fuel Gas during the third quarter worth about $29,000. Richardson Financial Services Inc. boosted its stake in shares of National Fuel Gas by 88.5% in the third quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 169 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of National Fuel Gas by 355.1% in the second quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 316 shares in the last quarter. Hantz Financial Services Inc. increased its stake in National Fuel Gas by 105.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 217 shares during the period. Finally, True Wealth Design LLC increased its stake in National Fuel Gas by 3,883.3% during the 3rd quarter. True Wealth Design LLC now owns 478 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 466 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research cut shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Scotiabank set a $101.00 target price on National Fuel Gas in a report on Wednesday, January 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $96.33.

National Fuel Gas Price Performance

National Fuel Gas stock opened at $92.92 on Friday. The stock has a market cap of $8.83 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 1.20 and a beta of 0.57. The company has a fifty day simple moving average of $84.21 and a 200-day simple moving average of $84.28. National Fuel Gas Company has a 12-month low of $69.93 and a 12-month high of $94.13. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 EPS for the quarter, beating the consensus estimate of $1.91 by $0.15. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.The firm had revenue of $651.51 million for the quarter, compared to analyst estimates of $650.70 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. National Fuel Gas’s revenue for the quarter was up 18.6% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. Equities analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Company 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.