We would be surprised if National fuel gas company (NYSE:NFG) shareholders failed to notice that National Fuel Gas Supply Corporation & Empire Pipeline Inc COO and President Ronald Kraemer recently sold $449,000 worth of stock at $58.75 per share. The surprise move represented an 11% reduction in their holdings.

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The last 12 months of insider transactions at National Fuel Gas

Notably, this recent sale by Ronald Kraemer is the largest insider sale of National Fuel Gas shares we’ve seen in the last year. That means an insider sold shares at the current price of about $58.64. While we don’t usually like to see insider selling, it’s more concerning when the sales occur at a lower price. We note that this sale occurred at the current price, so that’s not a huge cause for concern, although it’s hardly a good sign.

National Fuel Gas insiders have not purchased any shares in the last year. Below is a visual representation of insider transactions (by companies and individuals) over the last 12 months. By clicking on the graphic below you can see the exact details of each insider transaction!

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Does National Fuel Gas have a high level of insider ownership?

I like to look at how many shares insiders own in a company to get an idea of ​​how well they align with insiders. Typically, the higher the insider ownership, the more likely it is that insiders are motivated to build the company for the long term. It appears that insiders at National Fuel Gas own 1.4% of the company, which is worth about $78 million. We’ve certainly seen higher insider ownership elsewhere, but these percentages are enough to indicate a level of aligning between insiders and the other shareholders.

What could National Fuel Gas’ insider transactions tell us?

Insiders have recently sold shares, but they have not bought. Looking at the last twelve months, our data shows no insider purchases. The percentage of insiders is not particularly high, so this analysis makes us cautious about the company. We are in no rush to buy! While it is helpful to know what insiders are doing in terms of buying or selling, it is also helpful to know what risks a particular company faces. Every company has risks, and we have found 5 Warning Signs for National Fuel Gas You should know about this.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulator. Currently, we only consider open market transactions and private disposals of direct holdings, but not derivative transactions or indirect holdings.

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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.