國家燃氣公司
US ˙ NYSE ˙ US6361801011

SecurityNFG / National Fuel Gas Company
InstitutionShell Asset Management Co
Latest Disclosed Ownership1,635 shares
Latest Disclosed Value $ 151
Shell Asset Management Co reports 61.86% decrease in ownership of NFG / National Fuel Gas Company

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 1,635 shares of National Fuel Gas Company (US:NFG) valued at $151,025 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 4,287 shares of National Fuel Gas Company. The current value of the position is $126,402 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-07 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 1,635 -2,652 -61.86 0 0.0152
2025-07-23 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 4,287 -751 -14.91 0 0.0125
2025-05-14 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 5,038 -218 -4.15 0 0.0189
2025-02-14 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 5,256 0 0.00 0 0.0139
2024-11-07 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 5,256 -303 -5.45 0 0.0140
2024-07-25 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 5,559 -566 -9.24 0 0.0137
2024-02-14 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 6,125 -25 -0.41 0 0.0142
2023-11-08 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 6,150 -97 -1.55 0 0.0132
2023-07-28 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 6,247 -36 -0.57 0 0.0127
2023-05-15 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 6,283 -22 -0.35 0 0.0151
2023-02-07 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 6,305 -1,281 -16.89 0 -100.00 0.0175
2022-11-14 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 7,586 -1,172 -13.38 467 -19.20 0.0182
2022-08-09 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 8,758 -2,590 -22.82 578 -25.90 0.0171
2022-05-04 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 11,348 -1,671 -12.84 780 -6.25 0.0184
2022-02-09 2021-12-31 13F NATIONAL FUEL GAS COM 636180101 13,019 51 0.39 832 22.17 0.0171
2021-11-04 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 12,968 -560 -4.14 681 -3.68 0.0153
2021-08-12 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 13,528 730 5.70 707 10.47 0.0137
2021-05-10 2021-03-31 13F NATIONAL FUEL GAS COM 636180101 12,798 -80 -0.62 640 20.75 0.0128
2021-02-16 2020-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 12,878 0 0.00 530 1.34 0.0109
2020-11-13 2020-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 12,878 0 0.00 523 -3.15 0.0122
2020-08-10 2020-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 12,878 -146 -1.12 540 11.11 0.0135
2020-05-11 2020-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 13,024 -198 -1.50 486 -20.98 0.0135
2020-02-13 2019-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 13,222 -293 -2.17 615 -3.00 0.0132
2019-11-12 2019-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 13,515 -116 -0.85 634 -11.82 0.0145
2019-08-12 2019-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 13,631 -311 -2.23 719 -15.41 0.0159
2019-05-09 2019-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 13,942 0 0.00 850 19.05 0.0187
2019-02-13 2018-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 13,942 -1,200 -7.92 714 -15.90 0.0178
2018-11-13 2018-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 15,142 0 0.00 849 5.86 0.0168
2018-08-10 2018-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 15,142 -810 -5.08 802 -2.31 0.0164
2018-05-14 2018-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 15,952 15,952 821 0.0163
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.