Tocqueville Asset Management L.P. Takes $34.55 Million Position in National Fuel Gas Company $NFG

Posted by Francis Steltz on Aug 20th, 2026

Tocqueville Asset Management L.P. bought a new stake in National Fuel Gas Company (NYSE:NFG – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 447,498 shares of the oil and gas producer’s stock, valued at approximately $34,551,000. Tocqueville Asset Management L.P. owned 0.47% of National Fuel Gas as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NFG. SJS Investment Consulting Inc. lifted its stake in National Fuel Gas by 458.0% in the first quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 229 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of National Fuel Gas in the 4th quarter valued at $29,000. HM Payson & Co. acquired a new position in shares of National Fuel Gas in the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in National Fuel Gas in the 1st quarter valued at $38,000. Finally, SHP Wealth Management purchased a new stake in National Fuel Gas in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Weiss Ratings downgraded shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, National Fuel Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

View Our Latest Stock Report on National Fuel Gas

National Fuel Gas Price Performance

Shares of NFG opened at $83.63 on Thursday. The company has a current ratio of 3.20, a quick ratio of 3.07 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average is $79.81 and its two-hundred day moving average is $84.55. National Fuel Gas Company has a twelve month low of $75.17 and a twelve month high of $97.06. The firm has a market capitalization of $7.95 billion, a PE ratio of 11.62, a P/E/G ratio of 1.85 and a beta of 0.37.

National Fuel Gas (NYSE:NFG – Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. The business had revenue of $537.50 million during the quarter, compared to the consensus estimate of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. Research analysts anticipate that National Fuel Gas Company will post 7.5 earnings per share for the current year.

National Fuel Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.555 dividend. The ex-dividend date was Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 annualized dividend and a yield of 2.7%. National Fuel Gas’s dividend payout ratio (DPR) is currently 30.83%.

National Fuel Gas Profile

(Free Report)

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.