NORTHERN OIL & GAS INC NOG
COM · Common Stock · CUSIP 665531307 · ISIN US6655313079
- SectorEnergy
- IndustryCrude Petroleum & Natural Gas
- HeadquartersMinnetonka, MN
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($17.4m this quarter). Holder counts are more reliable. Shares outstanding: 106.5m as of 2026-08-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $18.23. Options: 11 managers hold calls ($67.8m notional), 11 hold puts ($22.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 235 |
| Q4 2022 | 267 |
| Q1 2023 | 256 |
| Q2 2023 | 289 |
| Q3 2023 | 318 |
| Q4 2023 | 323 |
| Q1 2024 | 335 |
| Q2 2024 | 332 |
| Q3 2024 | 340 |
| Q4 2024 | 393 |
| Q1 2025 | 367 |
| Q2 2025 | 376 |
| Q3 2025 | 354 |
| Q4 2025 | 314 |
| Q1 2026 | 359 |
| Q2 2026 | 340 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 173 | 146 |
| Q4 2024 | 216 | 134 |
| Q1 2025 | 181 | 198 |
| Q2 2025 | 207 | 165 |
| Q3 2025 | 172 | 182 |
| Q4 2025 | 139 | 199 |
| Q1 2026 | 214 | 116 |
| Q2 2026 | 181 | 180 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $93.3m | $50.9m | 0.55 |
| Q4 2025 | $76.6m | $32.1m | 0.42 |
| Q1 2026 | $99.0m | $26.3m | 0.27 |
| Q2 2026 | $67.8m | $22.2m | 0.33 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +1.8m |
| Encompass Capital Advisors LLC | New | +1.2m |
| CITADEL ADVISORS LLC | New | +711.6k |
| BARCLAYS PLC | Added | +649.7k |
| STATE STREET CORP | Added | +643.8k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +600.1k |
| GOLDMAN SACHS GROUP INC | Added | +536.3k |
| Invesco Ltd. | Added | +491.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +483.0k |
| HRT FINANCIAL LP | New | +419.2k |
Biggest sellers
| FMR LLC | Reduced | -4.9m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -3.1m |
| WESTWOOD HOLDINGS GROUP INC | Sold out | -1.2m |
| Nuveen, LLC | Reduced | -834.7k |
| MORGAN STANLEY | Reduced | -524.1k |
| UBS Group AG | Reduced | -521.9k |
| JPMORGAN CHASE & CO | Reduced | -489.0k |
| Allspring Global Investments Holdings, LLC | Sold out | -467.5k |
| PALISADE CAPITAL MANAGEMENT, LP | Reduced | -439.7k |
| DENALI ADVISORS LLC | Sold out | -285.5k |
Biggest calls
| UBS Group AG | Added | $35.3m1.9m shares |
| CITADEL ADVISORS LLC | Added | $7.0m384.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.8m372.4k shares |
| JANE STREET GROUP, LLC | Added | $5.6m308.8k shares |
| Squarepoint Ops LLC | New | $4.9m267.3k shares |
| IMC-Chicago, LLC | Added | $4.6m253.7k shares |
| GROUP ONE TRADING LLC | Added | $1.4m78.9k shares |
| Walleye Capital LLC | Added | $755.0k41.6k shares |
| SIMPLEX TRADING, LLC | Added | $711.5k39.2k shares |
| Walleye Trading LLC | Reduced | $421.1k23.2k shares |
Biggest puts
| Balyasny Asset Management L.P. | Unchanged | $6.9m380.0k shares |
| CITADEL ADVISORS LLC | Added | $3.7m204.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.4m130.6k shares |
| Squarepoint Ops LLC | New | $2.4m130.0k shares |
| IMC-Chicago, LLC | Added | $1.9m107.3k shares |
| JANE STREET GROUP, LLC | Added | $1.9m105.9k shares |
| Walleye Capital LLC | Added | $1.7m91.9k shares |
| SIMPLEX TRADING, LLC | Added | $833.1k45.9k shares |
| GROUP ONE TRADING LLC | Added | $390.2k21.5k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | $76.2k4.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-07-17 | 14.1% |
| AMERICAN CENTURY INVESTMENT MANAGEMENT INC 13G · institution filed 2025-08-14 | 8.1% |
| STATE STREET CORP 13G · institution +1.5 pts · filed 2026-08-07 | 6.8% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.3% |
| Invesco Ltd. 13G · institution +1.2 pts · filed 2026-08-13 | 6.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.0% |
Fell to 5% or below in the last year: FMR LLC (1.8%, 2026-06-05), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), DIMENSIONAL FUND ADVISORS LP (4.3%, 2026-01-21)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 3 | $605.2k | $605.2k |
| Q1 2025 | 3 | $1.7m | 3 | $222.5k | $222.5k |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $600.7k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $499.7k | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-22 | Akradi Bahram Director | Bought | $499.7k25.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 16.0m $291.2m | Added +322.8k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 8.5m $153.5m | Added +483.0k |
| STATE STREET CORP 0.00% of their portfolio | 7.2m $133.5m | Added +643.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 6.9m $124.5m | Added +276.9k |
| Invesco Ltd. 0.01% of their portfolio | 6.0m $109.0m | Added +491.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.6m $83.2m | Added +79.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.5m $81.5m | Added +341.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.7m $49.2m | Added +267.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.3m $41.8m | Added +1.8m |
| UBS Group AG 0.01% of their portfolio | 2.1m $38.0m | Reduced -521.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.9m $35.0m | Added +536.3k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $34.0m | Reduced -524.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.8m $33.6m | Added +167.2k |
| Hood River Capital Management LLC 0.20% of their portfolio | 1.5m $27.8m | Reduced -53.1k |
| FMR LLC 0.00% of their portfolio | 1.5m $27.2m | Reduced -4.9m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.5m $26.8m | Added +14.8k |
| DEPRINCE RACE & ZOLLO INC 0.42% of their portfolio | 1.4m $25.0m | Added +205.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 1.3m $23.8m | Reduced -7.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 1.3m $22.7m | Added +83.6k |
| Encompass Capital Advisors LLC 0.98% of their portfolio | 1.2m $22.7m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $20.7m | Reduced -104.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 1.1m $19.8m | Added +600.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $18.7m | Added +7.7k |
| BARCLAYS PLC 0.01% of their portfolio | 977.1k $17.7m | Added +649.7k |
| Nuveen, LLC 0.00% of their portfolio | 900.1k $16.3m | Reduced -834.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 850.6k $15.4m | Added +113.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 823.2k $14.9m | Reduced -1.4k |
| Tributary Capital Management, LLC 1.20% of their portfolio | 804.5k $14.6m | Reduced -25.9k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 794.4k $14.4m | Reduced -134.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 762.3k $13.8m | Reduced -50.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio | 730.5k $13.3m | Reduced -88.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 711.6k $12.9m | New |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.22% of their portfolio | 693.6k $12.6m | Added +95.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 689.3k $12.5m | Added +22.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 615.2k $11.2m | Reduced -78.4k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.07% of their portfolio | 588.7k $10.7m | Reduced -51.6k |
| Requisite Capital Management, LLC 1.74% of their portfolio | 565.5k $10.5m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 556.3k $10.1m | Reduced -57.5k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 549.3k $10.0m | Added +317.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 505.3k $9.2m | Reduced -1.4k |
| NOMURA HOLDINGS INC 0.04% of their portfolio | 497.6k $9.0m | Reduced -56.4k |
| Empowered Funds, LLC 0.05% of their portfolio | 473.8k $8.6m | Added +70.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 468.2k $8.5m | Added +148.4k |
| Penn Capital Management Company, LLC 0.53% of their portfolio | 462.5k $8.4m | Reduced -98.0k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 455.7k $8.3m | Added +67.2k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 450.6k $8.2m | Reduced -9.6k |
| MetLife Investment Management, LLC 0.03% of their portfolio | 425.2k $7.7m | Added +9.9k |
| HRT FINANCIAL LP 0.02% of their portfolio | 419.2k $7.6m | New |
| Jump Financial, LLC 0.06% of their portfolio | 386.1k $7.0m | Added +373.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 372.9k $6.8m | Added +235.3k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 359.2k $6.5m | Reduced -14.1k |
| PALISADE CAPITAL MANAGEMENT, LP 0.27% of their portfolio | 338.4k $6.1m | Reduced -439.7k |
| Advisors Asset Management, Inc. 0.09% of their portfolio | 319.8k $5.8m | Added +98.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 319.3k $5.8m | Reduced -130.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 319.0k $9.3m | Reduced -3.1m |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 304.5k $5.5m | Reduced -1.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 297.9k $5.4m | Reduced -42.6k |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 296.2k $5.4m | Added +44.3k |
| Aptus Capital Advisors, LLC 0.04% of their portfolio | 293.5k $5.3m | Added +2.2k |
| Aristotle Capital Boston, LLC 0.33% of their portfolio | 274.8k $5.0m | Reduced -26.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 265.3k $4.8m | Reduced -16.1k |
| Legal & General Group Plc 0.00% of their portfolio | 254.2k $4.6m | Added +46.8k |
| Squarepoint Ops LLC 0.01% of their portfolio | 239.5k $4.3m | Added +130.7k |
| Dana Investment Advisors, Inc. 0.11% of their portfolio | 223.9k $4.1m | Added +87.4k |
| Cutler Capital Management, LLC 1.06% of their portfolio | 223.9k $4.1m | Added +150.3k |
| Holocene Advisors, LP 0.01% of their portfolio | 222.7k $4.0m | New |
| EASTERLY INVESTMENT PARTNERS LLC 0.20% of their portfolio | 218.5k $4.0m | Added +52.2k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 210.6k $3.8m | Reduced -61.6k |
| SIR Capital Management, L.P. 0.44% of their portfolio | 210.2k $3.8m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 204.6k $3.7m | Reduced -47.7k |
| Swiss National Bank 0.00% of their portfolio | 201.6k $3.7m | Added +18.8k |
| Susquehanna Portfolio Strategies, LLC 0.06% of their portfolio | 192.5k $3.5m | Added +91.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 192.4k $3.5m | Reduced -120.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 168.9k $3.1m | Reduced -489.0k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.20% of their portfolio | 166.8k $3.0m | New |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 165.2k $3.0m | Reduced -9.8k |
| Creative Planning 0.00% of their portfolio | 153.4k $2.8m | Reduced -21.2k |
| SIT INVESTMENT ASSOCIATES INC 0.05% of their portfolio | 153.2k $2.8m | Added +4.2k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 150.2k $2.7m | Reduced -77.6k |
| Homestead Advisers Corp 0.06% of their portfolio | 140.6k $2.6m | Unchanged |
| Boston Partners 0.00% of their portfolio | 140.4k $2.5m | Added +111.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 137.6k $2.5m | Added +32.0k |
| Sterling Capital Management LLC 0.04% of their portfolio | 137.1k $2.5m | Reduced -4.3k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 128.9k $2.3m | Added +87.1k |
| Collar Capital Management, LLC 1.37% of their portfolio | 128.2k $2.3m | Reduced -7.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 116.6k $2.1m | Added +6.6k |
| PIN OAK INVESTMENT ADVISORS INC 1.43% of their portfolio | 110.5k $2.0m | Added +1.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 108.6k $2.0m | Added +76.6k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 108.0k $2.0m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 107.9k $2.0m | Added +35.0k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 107.8k $2.0m | Reduced -26.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 107.1k $1.9m | Reduced -13.3k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 103.3k $3.0m | Unchanged |
| EFG International AG 0.03% of their portfolio | 101.5k $1.8m | Reduced -32.9k |
| Hudson Bay Capital Management LP 0.01% of their portfolio | 100.0k $1.8m | Added +15.2k |
| Ninepoint Partners LP 0.16% of their portfolio | 100.0k $1.8m | New |
| ISTHMUS PARTNERS, LLC 0.17% of their portfolio | 98.3k $1.8m | Added +16.0k |
| Campbell & CO Investment Adviser LLC 0.08% of their portfolio | 88.0k $1.6m | Reduced -117.2k |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 87.2k $1.6m | Added +31.2k |
| Ilex Capital Partners (UK) LLP 0.03% of their portfolio | 85.2k $1.5m | New |