National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionLazard Asset Management Llc
Latest Disclosed Ownership76,253 shares
Latest Disclosed Value $ 7,164,732
Lazard Asset Management Llc reports 33.17% increase in ownership of NFG / National Fuel Gas Company

On May 15, 2026 - Lazard Asset Management Llc filed a 13F-HR form disclosing ownership of 76,253 shares of National Fuel Gas Company (MX:NFG) valued at $7,164,732 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 57,259 shares of National Fuel Gas Company. This represents a change in shares of 33.17% 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)
2026-05-15 2026-03-31 13F NATIONAL FUEL GAS COM 636180101 76,253 18,994 33.17 7,165 56.28 0.0061
2026-02-17 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 57,259 17,977 45.76 4,584 26.35 0.0078
2025-11-14 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 39,282 15,966 68.48 3,628 362,700.00 0.0049
2025-08-14 2025-06-30 13F NATIONAL FUEL G Common Stock 636180101 23,316 -1,203 -4.91 2 0.00 0.0027
2025-05-15 2025-03-31 13F NATIONAL FUEL G Common Stock 636180101 24,519 5,000 25.62 2 0.00 0.0030
2025-02-14 2024-12-31 13F NATIONAL FUEL G Common Stock 636180101 19,519 -84,873 -81.30 1 -83.33 0.0017
2024-11-14 2024-09-30 13F NATIONAL FUEL G Common Stock 636180101 104,392 -40,832 -28.12 6 -14.29 0.0085
2024-08-14 2024-06-30 13F NATIONAL FUEL G Common Stock 636180101 145,224 9,601 7.08 8 0.00 0.0099
2024-07-09 2024-03-31 13F/A-1 NATIONAL FUEL G Common Stock 636180101 135,623 -52,316 -27.84 7 -22.22 0.0089
2024-05-14 2024-03-31 13F NATIONAL FUEL G Common Stock 636180101 135,623 -52,316 7 0.0088
2024-02-14 2023-12-31 13F NATIONAL FUEL G Common Stock 636180101 187,939 452 0.24 9 0.00 0.0119
2023-11-14 2023-09-30 13F NATIONAL FUEL G Common Stock 636180101 187,487 98,896 111.63 10 125.00 0.0132
2023-08-15 2023-06-30 13F NATIONAL FUEL G Common Stock 636180101 88,591 -184,337 -67.54 5 -73.33 0.0056
2023-05-15 2023-03-31 13F NATIONAL FUEL G Common Stock 636180101 272,928 -61,505 -18.39 16 -99.93 0.0207
2023-02-15 2022-12-31 13F NATIONAL FUEL G Common Stock 636180101 334,433 -324,944 -49.28 21,169 -47.84 0.0292
2022-11-14 2022-09-30 13F NATIONAL FUEL G Common Stock 636180101 659,377 171,428 35.13 40,584 25.93 0.0593
2022-08-09 2022-06-30 13F NATIONAL FUEL G Common Stock 636180101 487,949 390,092 398.63 32,228 379.51 0.0436
2022-05-13 2022-03-31 13F NATIONAL FUEL G Common Stock 636180101 97,857 35,960 58.10 6,721 69.89 0.0078
2022-02-09 2021-12-31 13F NATIONAL FUEL G Common Stock 636180101 61,897 61,897 3,956 0.0042
2021-08-12 2021-06-30 13F NATIONAL FUEL G Common Stock 636180101 0 -5,912 -100.00 0 -100.00
2021-05-14 2021-03-31 13F NATIONAL FUEL G Common Stock 636180101 5,912 -110,312 -94.91 295 -93.83 0.0004
2021-02-11 2020-12-31 13F NATIONAL FUEL G Common Stock 636180101 116,224 113,330 3,916.03 4,780 3,985.47 0.0060
2020-11-13 2020-09-30 13F NATIONAL FUEL G Common Stock 636180101 2,894 -184,882 -98.46 117 -98.51 0.0002
2020-08-13 2020-06-30 13F NATIONAL FUEL G Common Stock 636180101 187,776 -114,826 -37.95 7,873 -30.22 0.0121
2020-05-14 2020-03-31 13F NATIONAL FUEL G Common Stock 636180101 302,602 25,068 9.03 11,283 -12.64 0.0207
2020-02-13 2019-12-31 13F NATIONAL FUEL G Common Stock 636180101 277,534 277,534 12,915 0.0184
2019-07-29 2016-06-30 13F/A-1 NATIONAL FUEL G Common Stock 636180101 0 -81,147 -100.00 0 -100.00
2019-07-25 2016-03-31 13F/A-1 NATIONAL FUEL G Common Stock 636180101 81,147 2,239 2.84 4,060 20.37 0.0089
2016-05-12 2016-03-31 13F NATIONAL FUEL G Common Stock 636180101 80,763 1,855 4,041
2019-07-24 2015-12-31 13F/A-1 NATIONAL FUEL G Common Stock 636180101 78,908 78,908 3,373 0.0077
2016-02-12 2015-12-31 13F NATIONAL FUEL G Common Stock 636180101 78,908 3,373 0.0085
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.