NATIONAL FUEL GAS CO NFG
COM · Common Stock · CUSIP 636180101 · ISIN US6361801011
- SectorUtilities
- IndustryNatural Gas Distribution
- HeadquartersWilliamsville, NY
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($81.0m this quarter). Holder counts are more reliable. Shares outstanding: 90.8m as of 2024-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $60.76. Options: 10 managers hold calls ($38.8m notional), 8 hold puts ($5.9m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 456 |
| Q4 2022 | 474 |
| Q1 2023 | 434 |
| Q2 2023 | 417 |
| Q3 2023 | 433 |
| Q4 2023 | 426 |
| Q1 2024 | 422 |
| Q2 2024 | 452 |
| Q3 2024 | 480 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 226 | 181 |
| Q1 2023 | 203 | 219 |
| Q2 2023 | 191 | 213 |
| Q3 2023 | 214 | 178 |
| Q4 2023 | 175 | 212 |
| Q1 2024 | 199 | 207 |
| Q2 2024 | 219 | 170 |
| Q3 2024 | 219 | 193 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $3.1m | $1.3m | 0.43 |
| Q1 2024 | $24.8m | $2.9m | 0.12 |
| Q2 2024 | $30.3m | $4.1m | 0.13 |
| Q3 2024 | $38.8m | $5.9m | 0.15 |
Biggest buyers
| VICTORY CAPITAL MANAGEMENT INC | Added | +765.2k |
| Knights of Columbus Asset Advisors LLC | Added | +176.0k |
| MORGAN STANLEY | Added | +122.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +122.1k |
| ICON ADVISERS INC/CO | Added | +95.7k |
| Gotham Asset Management, LLC | Added | +83.5k |
| BARCLAYS PLC | Added | +72.8k |
| NORTHERN TRUST CORP | Added | +69.7k |
| FRANKLIN RESOURCES INC | Added | +55.2k |
| STRS OHIO | New | +45.7k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| VANGUARD GROUP INC | Reduced | -225.5k |
| Invesco Ltd. | Reduced | -212.7k |
| Foundry Partners, LLC | Sold out | -207.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -179.2k |
| Verition Fund Management LLC | Reduced | -175.4k |
| Yaupon Capital Management LP | Reduced | -136.1k |
| STATE STREET CORP | Reduced | -134.7k |
| PRUDENTIAL FINANCIAL INC | Reduced | -112.1k |
| THOMPSON SIEGEL & WALMSLEY LLC | Reduced | -103.8k |
Biggest calls
| Yaupon Capital Management LP | Added | $21.3m350.9k shares |
| JANE STREET GROUP, LLC | Added | $7.4m121.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.9m63.9k shares |
| CITADEL ADVISORS LLC | Reduced | $2.9m48.5k shares |
| Squarepoint Ops LLC | Unchanged | $2.3m37.6k shares |
| Walleye Trading LLC | Reduced | $375.8k6.2k shares |
| WOLVERINE TRADING, LLC | New | $315.2k5.2k shares |
| Walleye Capital LLC | Unchanged | $284.9k4.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $96.0k1.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $2.4m39.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.5m25.2k shares |
| Walleye Trading LLC | Reduced | $806.1k13.3k shares |
| Walleye Capital LLC | Reduced | $369.7k6.1k shares |
| JANE STREET GROUP, LLC | New | $309.1k5.1k shares |
| WOLVERINE TRADING, LLC | New | $278.8k4.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $175.0k2.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q3 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $23.7k | — |
| Q2 2024 | 0 | — | 1 | $348.6k | — |
| Q3 2024 | 0 | — | 2 | $552.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-25 | Reville Michael W General Counsel and Secretary | Sold | $103.3k1.7k shares |
| 2024-08-14 | KRAEMER RONALD C Chief Operating Officer | Sold | $448.8k7.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 13.1m $792.9m | Reduced -225.5k |
| BlackRock, Inc. 0.01% of their portfolio | 8.6m $520.1m | First filing |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.0m $240.7m | Reduced -1.7m |
| STATE STREET CORP 0.01% of their portfolio | 3.9m $236.0m | Reduced -134.7k |
| GABELLI FUNDS LLC 1.10% of their portfolio | 2.5m $152.5m | Reduced -16.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.15% of their portfolio | 2.5m $151.4m | Added +765.2k |
| Energy Income Partners, LLC 2.85% of their portfolio | 2.2m $133.0m | Reduced -52.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.1m $134.5m | Reduced -45.8k |
| LSV ASSET MANAGEMENT 0.22% of their portfolio | 1.7m $102.2m | Reduced -500 |
| GAMCO INVESTORS, INC. ET AL 0.85% of their portfolio | 1.4m $83.5m | Added +12.2k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 1.3m $80.0m | Reduced -66.8k |
| EQUITY INVESTMENT CORP 1.76% of their portfolio | 1.2m $75.5m | Reduced -1.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $73.4m | Reduced -63.1k |
| MORGAN STANLEY 0.01% of their portfolio | 1.2m $72.1m | Added +122.2k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.96% of their portfolio | 1.1m $63.8m | Reduced -103.8k |
| NORGES BANK 0.01% of their portfolio | 997.3k $60.4m | Added +35.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 945.8k $57.3m | Added +15.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 920.9k $55.8m | Added +7.8k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 894.6k $54.2m | Added +14.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 739.2k $44.8m | Added +69.7k |
| Poplar Forest Capital LLC 4.77% of their portfolio | 577.8k $35.0m | Reduced -8.7k |
| ProShare Advisors LLC 0.08% of their portfolio | 562.2k $34.1m | Reduced -18.5k |
| Invesco Ltd. 0.01% of their portfolio | 559.3k $33.9m | Reduced -212.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 512.7k $31.1m | Reduced -150 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 498.2k $30.2m | Reduced -11.8k |
| MANAGED ASSET PORTFOLIOS, LLC 3.64% of their portfolio | 425.1k $25.8m | Reduced -1.3k |
| Yaupon Capital Management LP 1.58% of their portfolio | 387.8k $23.5m | Reduced -136.1k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 355.9k $21.6m | Added +37.8k |
| VALLEY WEALTH MANAGERS, INC. 1.46% of their portfolio | 326.0k $19.8m | Added +24.6k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 307.3k $18.6m | Reduced -71.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 262.4k $15.9m | Reduced -588 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 249.1k $15.1m | Reduced -5.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 238.5k $14.5m | Reduced -15.5k |
| Retirement Systems of Alabama 0.05% of their portfolio | 232.6k $14.1m | Reduced -2.5k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 225.9k $13.7m | Added +122.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 220.9k $13.4m | Added +55.2k |
| Knights of Columbus Asset Advisors LLC 0.85% of their portfolio | 212.4k $12.9m | Added +176.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 211.5k $12.8m | Reduced -94.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 206.9k $12.5m | Reduced -15.0k |
| GREAT LAKES ADVISORS, LLC 0.10% of their portfolio | 205.6k $12.5m | Added +7.4k |
| EXCHANGE TRADED CONCEPTS, LLC 0.30% of their portfolio | 205.6k $12.5m | Added +33.0k |
| Swiss National Bank 0.01% of their portfolio | 170.5k $10.3m | Reduced -1.7k |
| Legal & General Group Plc 0.00% of their portfolio | 170.0k $10.3m | Added +1.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 168.7k $10.2m | Reduced -9.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 161.5k $9.8m | Added +5.0k |
| CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 0.66% of their portfolio | 159.0k $9.6m | Added +875 |
| State of Alaska, Department of Revenue 0.10% of their portfolio | 157.4k $9.5m | Added +720 |
| UBS Group AG 0.00% of their portfolio | 147.7k $9.0m | Added +10.8k |
| HEARTLAND ADVISORS INC 0.46% of their portfolio | 145.9k $8.8m | Reduced -965 |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 143.3k $8.7m | Added +10.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 142.6k $8.6m | Reduced -17.8k |
| FMR LLC 0.00% of their portfolio | 142.5k $8.6m | Reduced -75.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 141.9k $8.6m | Reduced -22.8k |
| Squarepoint Ops LLC 0.03% of their portfolio | 141.2k $8.6m | Reduced -6.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 136.3k $8.3m | Added +25.1k |
| Bernzott Capital Advisors 3.53% of their portfolio | 135.2k $8.2m | Added +115 |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.10% of their portfolio | 130.3k $7.9m | Reduced -3.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 130.1k $7.9m | Reduced -5.0k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 127.5k $7.7m | Reduced -112.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 126.4k $7.7m | Added +38.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 125.7k $7.6m | Added +4.1k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 123.5k $7.5m | Added +83.5k |
| ICON ADVISERS INC/CO 1.54% of their portfolio | 121.2k $7.3m | Added +95.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 120.3k $7.3m | Reduced -53.0k |
| Trexquant Investment LP 0.09% of their portfolio | 119.3k $7.2m | Added +12.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 113.0k $6.9m | Reduced -80.3k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 110.2k $6.7m | Added +9.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 108.8k $6.6m | Added +2.8k |
| Corebridge Financial, Inc. 0.03% of their portfolio | 108.0k $6.5m | Reduced -8.2k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 104.4k $6.3m | Reduced -40.8k |
| KWMG, LLC 0.63% of their portfolio | 103.8k $6.3m | Added +755 |
| BARCLAYS PLC 0.00% of their portfolio | 102.7k $6.2m | Added +72.8k |
| Treasurer of the State of North Carolina 0.02% of their portfolio | 102.3k $6.2m | Added +13.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 100.2k $6.1m | Reduced -379 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 97.7k $5.9m | Added +26.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 93.4k $5.7m | Reduced -1.5k |
| Rodgers Brothers Inc. 0.72% of their portfolio | 93.4k $5.7m | Reduced -11.2k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 92.9k $5.6m | Added +1.4k |
| Cardinal Capital Management 0.88% of their portfolio | 92.6k $5.7m | Added +1.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 91.1k $5.5m | Reduced -3.9k |
| HENNESSY ADVISORS INC 0.17% of their portfolio | 89.5k $5.4m | Reduced -2.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 85.6k $5.2m | Reduced -3.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 84.2k $5.1m | Reduced -4.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 83.6k $5.1m | Reduced -2.8k |
| Aventail Capital Group, LP 0.29% of their portfolio | 80.6k $4.9m | Added +9.1k |
| South Dakota Investment Council 0.10% of their portfolio | 80.6k $4.9m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 79.9k $4.8m | Added +3.3k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 79.6k $4.8m | Added +3.6k |
| LPL Financial LLC 0.00% of their portfolio | 76.1k $4.6m | Added +11.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 72.7k $4.4m | Reduced -12.7k |
| PRUDENTIAL PLC 0.02% of their portfolio | 72.2k $4.4m | Reduced -8.7k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 71.6k $4.3m | Reduced -9.1k |
| CWM, LLC 0.02% of their portfolio | 70.6k $4.3m | Reduced -4.9k |
| Holocene Advisors, LP 0.02% of their portfolio | 69.0k $4.2m | Added +15.4k |
| Integrated Advisors Network LLC 0.19% of their portfolio | 64.5k $3.9m | Reduced -4.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 63.3k $3.8m | Added +5.0k |
| Bleakley Financial Group, LLC 0.12% of their portfolio | 63.2k $3.8m | Added +1.7k |
| MCINTYRE FREEDMAN & FLYNN INVESTMENT ADVISERS INC 2.65% of their portfolio | 61.3k $3.7m | Reduced -223 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 60.5k $3.7m | Reduced -2.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 59.5k $3.6m | Reduced -1.4k |