National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionComerica Bank
Latest Disclosed Ownership28,674 shares
Latest Disclosed Value $ 2,295,635
Comerica Bank reports 7.39% decrease in ownership of NFG / National Fuel Gas Company

On January 29, 2026 - Comerica Bank filed a 13F-HR form disclosing ownership of 28,674 shares of National Fuel Gas Company (MX:NFG) valued at $2,295,635 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 30,963 shares of National Fuel Gas Company. This represents a change in shares of -7.39% during the quarter.

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.

Upgrade to unlock premium data and export to Excel .

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)
2026-01-29 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 28,674 -2,289 -7.39 2,296 -19.76 0.0092
2025-11-14 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 30,963 -1,709 -5.23 2,860 3.36 0.0108
2025-08-14 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 32,672 -886 -2.64 2,768 4.14 0.0107
2025-05-14 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 33,558 912 2.79 2,657 34.19 0.0112
2025-02-14 2024-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 32,646 -3,165 -8.84 1,981 -8.76 0.0080
2025-02-14 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 32,646 -3,165 1,981 0.0066
2024-11-14 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 35,811 -5,335 -12.97 2,171 -2.65 0.0086
2024-08-15 2024-06-30 13F NATIONAL FUEL GAS CO N J COMMON 636180101 41,146 -567 -1.36 2,230 -0.49 0.0093
2024-05-16 2024-03-31 13F NATIONAL FUEL GAS CO N J COMMON 636180101 41,713 888 2.18 2,241 9.38 0.0097
2024-02-14 2023-12-31 13F NATIONAL FUEL GAS CO N J COMMON 636180101 40,825 -838 -2.01 2,048 -5.27 0.0094
2023-11-21 2023-09-30 13F NATIONAL FUEL GAS COMMON 636180101 41,663 41,663 2,163 0.0113
2023-08-22 2023-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 0 -40,324 -100.00 0 -100.00
2023-01-26 2022-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 40,324 -747 -1.82 2 -99.93 0.0189
2022-10-28 2022-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 41,071 -765 -1.83 2,669 -4.27 0.0225
2022-08-02 2022-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 41,836 -475 -1.12 2,788 -10.30 0.0229
2022-04-27 2022-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 42,311 1,072 2.60 3,108 26.55 0.0226
2022-02-18 2021-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 41,239 -60 -0.15 2,456 2.21 0.0181
2021-11-22 2021-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 41,299 -8,434 -16.96 2,403 -4.11 0.0145
2021-08-26 2021-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 49,733 -862 -1.70 2,506 -3.62 0.0150
2021-04-28 2021-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 50,595 -2,798 -5.24 2,600 16.80 0.0155
2021-01-28 2020-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 53,393 -1,315 -2.40 2,226 -5.24 0.0141
2020-10-30 2020-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 54,708 -12,951 -19.14 2,349 -15.81 0.0171
2020-07-31 2020-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 67,659 11,051 19.52 2,790 17.28 0.0215
2020-05-01 2020-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 56,608 127 0.22 2,379 0.25 0.0218
2020-02-07 2019-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 56,481 358 0.64 2,373 -7.12 0.0180
2019-10-31 2019-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 56,123 -1,207 -2.11 2,555 -11.99 0.0202
2019-08-02 2019-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 57,330 -4,742 -7.64 2,903 -22.55 0.0232
2019-05-02 2019-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 62,072 -3,027 -4.65 3,748 1.41 0.0304
2019-02-06 2018-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 65,099 -356 -0.54 3,696 -0.75 0.0314
2018-11-01 2018-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 65,455 -10,351 -13.65 3,724 -10.18 0.0300
2018-08-01 2018-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 75,806 -2,479 -3.17 4,146 2.65 0.0290
2018-05-01 2018-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 78,285 -345 -0.44 4,039 -8.95 0.0289
2018-02-02 2017-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 78,630 1,055 1.36 4,436 -0.27 0.0296
2017-11-06 2017-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 77,575 130 0.17 4,448 -2.33 0.0322
2017-08-03 2017-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 77,445 886 1.16 4,554 6.63 0.0341
2017-05-03 2017-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 76,559 3,330 4.55 4,271 1.02 0.0324
2017-02-08 2016-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 73,229 4,181 6.06 4,228 8.94 0.0334
2016-08-11 2016-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 69,048 753 1.10 3,881 10.07 0.0335
2016-05-11 2016-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 68,295 -1,934 -2.75 3,526 18.92 0.0315
2016-02-05 2015-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 70,229 2,045 3.00 2,965 -13.00 0.0291
2015-11-12 2015-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 68,184 -69,728 -50.56 3,408 -58.04 0.0323
2015-08-13 2015-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 137,912 68,435 98.50 8,122 93.75 0.0349
2015-05-15 2015-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 69,477 -74,579 -51.77 4,192 -58.15 0.0355
2015-02-13 2014-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 144,056 69,953 94.40 10,016 93.14 0.0433
2014-10-21 2014-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 74,103 -39 -0.05 5,186 -10.66 0.0458
2014-08-12 2014-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 74,142 -4,501 -5.72 5,805 5.39 0.0494
2014-05-15 2014-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 78,643 9,287 13.39 5,508 11.23 0.0422
2014-02-11 2013-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 69,356 -15,944 -18.69 4,952 -15.57 0.0384
2013-11-12 2013-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 85,300 1,227 1.46 5,865 20.41 0.0408
2013-08-13 2013-06-30 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 84,073 84,073 4,871 0.0397
2013-08-08 2013-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 410,028 23,757
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.