National Fuel Gas Company
US ˙ NYSE ˙ US6361801011

Introduction

This page provides a comprehensive analysis of the known insider trading history of Craig G Matthews. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Craig G Matthews has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:NFG / National Fuel Gas Company Director 34,873
US:HES / Hess Corporation Director 31,997
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Craig G Matthews. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases NFG / National Fuel Gas Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NFG / National Fuel Gas Company. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

NFG / National Fuel Gas Company Insider Trades
Insider Sales NFG / National Fuel Gas Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in NFG / National Fuel Gas Company. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

NFG / National Fuel Gas Company Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Craig G Matthews as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2018-01-04 2018-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 769 34,873 2.25 56.92 43,775 1,985,146
2018-01-04 2017-10-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 51 34,104 0.15 57.81 2,948 1,971,552
2018-01-04 2017-10-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 189 34,053 0.56 57.23 10,816 1,948,853
2017-10-04 2017-10-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 768 33,864 2.32 56.98 43,761 1,929,571
2017-10-04 2017-07-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 51 33,096 0.15 56.56 2,885 1,871,910
2017-10-04 2017-07-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 183 33,045 0.56 56.79 10,393 1,876,626
2017-07-06 2017-07-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 779 32,862 2.43 56.23 43,803 1,847,830
2017-07-06 2017-04-17 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 53 32,083 0.17 53.46 2,833 1,715,157
2017-07-06 2017-04-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 182 32,030 0.57 53.72 9,777 1,720,652
2017-04-05 2017-04-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 740 31,848 2.38 59.16 43,782 1,884,287
2017-04-05 2017-01-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 165 31,108 0.53 57.46 9,480 1,787,372
2017-04-05 2017-01-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 48 30,943 0.16 57.53 2,761 1,780,151
2017-01-05 2017-01-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 30,895 1.98 56.47 33,882 1,744,641
2017-01-05 2016-10-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 170 30,295 0.56 53.82 9,149 1,630,477
2017-01-05 2016-10-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 52 30,125 0.17 53.92 2,804 1,624,340
2016-10-04 2016-10-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 30,073 2.04 53.76 32,253 1,616,574
2016-10-04 2016-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 157 29,473 0.54 56.52 8,874 1,665,814
2016-10-04 2016-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 48 29,316 0.16 56.71 2,722 1,662,510
2016-07-05 2016-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 29,268 2.09 56.90 34,140 1,665,349
2016-07-05 2016-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 163 28,668 0.57 51.09 8,327 1,464,533
2016-07-05 2016-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 53 28,505 0.19 51.02 2,704 1,454,468
2016-04-05 2016-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 28,452 2.15 49.99 29,994 1,422,315
2016-04-05 2016-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 195 27,852 0.71 41.11 8,016 1,144,940
2016-04-05 2016-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 66 27,657 0.24 40.20 2,653 1,111,673
2016-01-06 2016-01-04 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 27,591 2.22 42.60 25,557 1,175,239
2016-01-06 2015-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 141 26,991 0.53 54.56 7,693 1,472,683
2016-01-06 2015-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 48 26,850 0.18 54.22 2,603 1,455,780
2015-10-05 2015-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 26,802 2.29 50.24 30,141 1,346,398
2015-10-05 2015-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 132 26,202 0.51 56.46 7,453 1,479,496
2015-10-05 2015-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 46 26,070 0.18 56.52 2,600 1,473,581
2015-07-02 2015-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 26,024 2.36 58.49 35,094 1,522,144
2015-07-02 2015-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 110 25,424 0.43 63.22 6,955 1,607,382
2015-07-02 2015-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 40 25,314 0.16 63.38 2,535 1,604,401
2015-04-02 2015-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 25,274 2.43 60.44 36,267 1,527,687
2015-04-02 2015-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 101 24,674 0.41 66.95 6,762 1,651,998
2015-04-02 2015-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 37 24,573 0.15 67.63 2,502 1,661,921
2015-01-06 2015-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 24,536 2.29 69.73 38,352 1,710,895
2015-01-06 2014-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 97 23,986 0.41 66.23 6,424 1,588,593
2015-01-06 2014-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 38 23,889 0.16 66.35 2,521 1,585,083
2014-10-03 2014-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 23,851 2.36 69.90 38,448 1,667,304
2014-10-03 2014-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 84 23,301 0.36 74.39 6,249 1,733,315
2014-10-03 2014-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 33 23,217 0.14 74.79 2,468 1,736,330
2014-07-03 2014-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 23,184 2.43 78.22 43,018 1,813,337
2014-07-03 2014-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 84 22,634 0.37 69.49 5,837 1,572,769
2014-07-03 2014-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 35 22,550 0.16 69.20 2,422 1,560,505
2014-04-03 2014-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 22,515 2.50 69.68 38,324 1,568,845
2014-04-03 2014-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 78 21,965 0.36 71.44 5,572 1,569,180
2014-04-03 2014-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 34 21,887 0.16 71.48 2,430 1,564,395
2014-01-06 2014-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 21,853 2.58 70.76 38,915 1,546,209
2014-01-06 2013-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 81 21,303 0.38 66.62 5,396 1,419,261
2014-01-06 2013-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 35 21,222 0.17 67.47 2,362 1,431,912
2013-10-03 2013-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 21,187 2.67 69.12 38,019 1,464,551
2013-10-03 2013-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 82 20,637 0.40 62.37 5,114 1,287,088
2013-10-03 2013-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 37 20,555 0.18 63.00 2,331 1,294,944
2013-07-03 2013-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 20,518 2.75 58.06 31,933 1,191,275
2013-07-03 2013-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 81 19,968 0.41 59.06 4,784 1,179,310
2013-07-03 2013-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 38 19,887 0.19 60.22 2,288 1,197,655
2013-04-03 2013-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 19,849 2.85 60.74 33,404 1,205,529
2013-04-03 2012-12-28 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 45 19,299 0.23 50.38 2,267 972,303
2013-03-08 2013-03-06 4 HES HESS CORP
Common Stock, $1.00 par value 		P - Purchase 360 31,997 1.14 69.41 24,986 2,220,784
2013-03-08 2013-03-06 4 HES HESS CORP
Common Stock, $1.00 par value 		A - Award 2,161 31,637 7.33
2013-01-04 2013-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 450 19,254 2.39 51.11 23,000 984,072
2013-01-04 2012-12-28 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 91 18,804 0.49 50.35 4,581 946,706
2013-01-04 2012-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 44 18,713 0.24 51.16 2,251 957,282
2013-01-04 2012-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 84 18,669 0.45 51.90 4,359 968,884
2012-10-03 2012-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 450 18,585 2.48 53.40 24,028 992,346
2012-10-03 2012-07-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 48 18,135 0.27 46.64 2,238 845,726
2012-10-03 2012-07-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 88 18,087 0.49 46.98 4,134 849,655
2012-07-03 2012-07-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 450 17,999 2.56 46.84 21,078 843,073
2012-07-03 2012-04-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 49 17,549 0.28 45.01 2,206 789,933
2012-07-03 2012-04-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 86 17,500 0.49 44.74 3,848 783,038
2012-04-03 2012-04-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 450 17,414 2.65 48.25 21,712 840,226
2012-04-03 2012-01-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 44 16,964 0.26 48.27 2,124 818,903
2012-04-03 2012-01-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 75 16,920 0.45 49.18 3,689 832,210
2012-03-08 2012-03-07 4 HES HESS CORP
Common Stock, $1.00 par value 		P - Purchase 387 29,476 1.33 64.24 24,861 1,893,524
2012-03-08 2012-03-07 4 HES HESS CORP
Common Stock, $1.00 par value 		A - Award 2,335 29,089 8.73
2012-01-05 2012-01-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 450 16,845 2.74 56.32 25,346 948,795
2012-01-05 2011-10-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 38 16,395 0.23 55.43 2,106 908,758
2012-01-05 2011-10-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 64 16,357 0.39 54.63 3,496 893,599
2005-02-18 3 NFG NATIONAL FUEL GAS CO
Common Stock 		2,000
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)