National Fuel Gas
About: National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. The company generates a majority of its revenue from the Exploration and Production segment which is engaged in the exploration for, and the development and production of, natural gas in the Appalachian region of the United States. Geographically, the company operates in the United States.
Employees: 2,311
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
32% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 57
8% more capital invested
Capital invested by funds: $5.48B [Q1] → $5.89B (+$414M) [Q2]
1% more funds holding
Funds holding: 572 [Q1] → 579 (+7) [Q2]
1% more repeat investments, than reductions
Existing positions increased: 208 | Existing positions reduced: 205
0.94% more ownership
Funds ownership: 76.34% [Q1] → 77.28% (+0.94%) [Q2]
27% less funds holding in top 10
Funds holding in top 10: 11 [Q1] → 8 (-3) [Q2]
70% less call options, than puts
Call options by funds: $3.42M | Put options by funds: $11.5M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Scotiabank
Cameron Bean
|
$102
|
Sector Outperform
Maintained
|
13 Aug 2025 |
B of A Securities
Noah Hungness
|
$107
|
Buy
Upgraded
|
15 Jul 2025 |
Financial journalist opinion
Based on 10 articles about NFG published over the past 30 days