National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionCWM Advisors, LLC
Latest Disclosed Ownership3,790 shares
Latest Disclosed Value $ 356,108
CWM Advisors, LLC reports 15.16% increase in ownership of NFG / National Fuel Gas Company

On May 13, 2026 - CWM Advisors, LLC filed a 13F-HR/A form disclosing ownership of 3,790 shares of National Fuel Gas Company (MX:NFG) valued at $356,108 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 3,291 shares of National Fuel Gas Company. This represents a change in shares of 15.16% 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.

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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)
2026-05-13 2026-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 3,790 499 15.16 356 35.36 0.0714
2026-04-23 2026-03-31 13F NATIONAL FUEL GAS COM 636180101 3,465 174 326 0.0268
2026-02-17 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 3,291 -3,886 -54.15 263 -60.27 0.0237
2025-10-15 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 7,177 -2,213 -23.57 663 -16.73 0.0645
2025-07-24 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 9,390 3,948 72.55 795 84.88 0.0867
2025-06-03 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 5,442 -2,036 -27.23 431 -5.08 0.0512
2025-01-17 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 7,478 -214 -2.78 454 -2.79 0.0508
2024-10-10 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 7,692 318 4.31 466 16.79 0.0477
2024-08-12 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 7,374 -280 -3.66 400 -2.92 0.0461
2024-05-07 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 7,654 -948 -11.02 411 -4.64 0.0421
2024-02-12 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 8,602 -24,231 -73.80 432 -74.71 0.0475
2023-10-26 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 32,833 6,411 24.26 1,704 25.57 0.2176
2023-07-31 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 26,422 3,336 14.45 1,357 1.88 0.1642
2023-04-24 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 23,086 1,092 4.96 1,333 -4.31 0.1696
2023-01-26 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 21,994 9,406 74.72 1,392 79.61 0.1792
2022-11-07 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 12,588 -1,692 -11.85 775 -17.82 0.1095
2022-08-10 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 14,280 10,019 235.13 943 221.84 0.1251
2022-04-21 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 4,261 -582 -12.02 293 -5.48 0.0339
2022-02-14 2021-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 4,843 -605 -11.10 310 8.39 0.0355
2021-11-09 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 5,448 -4,399 -44.67 286 -44.47 0.0362
2021-08-10 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 9,847 268 2.80 515 7.52 0.0678
2021-04-30 2021-03-31 13F NATIONAL FUEL GAS COM 636180101 9,579 9,579 479 0.0735
2020-11-16 2020-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 0 -6,715 -100.00 0 -100.00
2020-08-12 2020-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 6,715 -251 -3.60 282 8.46 0.0974
2020-05-08 2020-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 6,966 6,966 260 0.1039
2019-02-22 2018-03-31 13F/A-1 National Fuel Gas COM 636180101 0 -919 -100.00 0 -100.00
2019-02-21 2017-12-31 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 919 919 50 0.0425
2018-02-15 2017-12-31 13F National Fuel Gas COM 636180101 919 50 0.0398
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.