River Road Asset Management’s National Fuel Gas NFG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q2	–	Sell	-450,473	Closed	-$27.5M	–	173
2019 Q1	$27.5M	Sell	450,473 -17,485	-4%	-$1.02M	0.61%	77
2018 Q4	$23.9M	Sell	467,958 -308,404	-40%	-$16.9M	0.59%	78
2018 Q3	$43.5M	Sell	776,362 -250,018	-24%	-$13.8M	0.9%	50
2018 Q2	$54.4M	Sell	1,026,380 -186,705	-15%	-$9.67M	1.14%	30
2018 Q1	$62.4M	Sell	1,213,085 -476,564	-28%	-$24.9M	1.27%	21
2017 Q4	$92.8M	Sell	1,689,649 -19,290	-1%	-$1.1M	1.76%	8
2017 Q3	$96.7M	Sell	1,708,939 -70,519	-4%	-$4.08M	1.9%	5
2017 Q2	$99.4M	Sell	1,779,458 -28,349	-2%	-$1.6M	1.92%	5
2017 Q1	$108M	Buy	1,807,807 +245,705	+16%	+$14.5M	2.04%	4
2016 Q4	$88.5M	Buy	1,562,102 +185,168	+13%	+$10.1M	1.7%	12
2016 Q3	$74.5M	Buy	1,376,934 +126,611	+10%	+$7.16M	1.53%	14
2016 Q2	$71.1M	Sell	1,250,323 -346,446	-22%	-$18.7M	1.51%	18
2016 Q1	$79.9M	Sell	1,596,769 -179,126	-10%	-$8.25M	1.43%	21
2015 Q4	$75.9M	Sell	1,775,895 -389,858	-18%	-$18.5M	1.32%	25
2015 Q3	$108M	Sell	2,165,753 -456,783	-17%	-$24.7M	1.68%	18
2015 Q2	$154M	Sell	2,622,536 -83,000	-3%	-$5.24M	2.28%	4
2015 Q1	$163M	Buy	2,705,536 +29,623	+1%	+$1.9M	2.25%	8
2014 Q4	$186M	Sell	2,675,913 -218,413	-8%	-$15.1M	2.65%	3
2014 Q3	$203M	Buy	2,894,326 +446,957	+18%	+$32.7M	2.83%	2
2014 Q2	$192M	Sell	2,447,369 -814,626	-25%	-$60.1M	2.54%	2
2014 Q1	$228M	Buy	3,261,995 +278,217	+9%	+$20.4M	2.48%	2
2013 Q4	$213M	Buy	2,983,778 +549,393	+23%	+$38.2M	2.31%	2
2013 Q3	$167M	Buy	2,434,385 +305,367	+14%	+$19.9M	2.07%	1
2013 Q2	$123M	Buy	+2,129,018	New	+$129M	1.53%	12