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 ($2.6m this quarter). Holder counts are more reliable. Shares outstanding: 93.0m as of 2023-08-01, 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 ≈ $34.34. Options: 20 managers hold calls ($111.8m notional), 18 hold puts ($53.8m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 235 |
| Q4 2022 | 267 |
| Q1 2023 | 256 |
| Q2 2023 | 289 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 160 | 94 |
| Q1 2023 | 161 | 117 |
| Q2 2023 | 175 | 95 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $25.3m | $10.9m | 0.43 |
| Q4 2022 | $57.3m | $37.9m | 0.66 |
| Q1 2023 | $41.3m | $50.3m | 1.22 |
| Q2 2023 | $111.8m | $53.8m | 0.48 |
Biggest buyers
| AMERICAN CENTURY COMPANIES INC | Added | +1.3m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.1m |
| BlackRock Inc. | Added | +1.0m |
| ALLIANCEBERNSTEIN L.P. | Added | +912.4k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +837.1k |
| VANGUARD GROUP INC | Added | +686.8k |
| Requisite Capital Management, LLC | New | +552.8k |
| Point72 Asset Management, L.P. | New | +520.2k |
| GOLDMAN SACHS GROUP INC | Added | +437.5k |
| Ghisallo Capital Management LLC | New | +400.0k |
Biggest sellers
| FMR LLC | Reduced | -6.5m |
| Capital World Investors | Reduced | -3.3m |
| ANGELO GORDON & CO., L.P. | Reduced | -1.2m |
| HITE Hedge Asset Management LLC | Reduced | -628.4k |
| AMERIPRISE FINANCIAL INC | Reduced | -574.9k |
| Aventail Capital Group, LP | Reduced | -269.4k |
| WESTWOOD HOLDINGS GROUP INC | Reduced | -239.8k |
| Brandywine Global Investment Management, LLC | Reduced | -188.8k |
| Greenland Capital Management LP | Sold out | -175.0k |
| Portolan Capital Management, LLC | Reduced | -137.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $30.0m874.1k shares |
| ROYAL BANK OF CANADA | Added | $17.3m505.3k shares |
| CITADEL ADVISORS LLC | Added | $16.5m479.7k shares |
| GROUP ONE TRADING LLC | Added | $10.5m306.8k shares |
| Walleye Trading LLC | Added | $10.2m298.4k shares |
| D. E. Shaw & Co., Inc. | Added | $8.7m252.5k shares |
| SIMPLEX TRADING, LLC | Added | $5.0m146.5k shares |
| Parallax Volatility Advisers, L.P. | New | $4.6m135.0k shares |
| JANE STREET GROUP, LLC | Added | $2.3m65.6k shares |
| WOLVERINE TRADING, LLC | New | $1.6m45.8k shares |
Biggest puts
| Portman Square Capital LLP | Unchanged | $14.4m420.0k shares |
| TWO SIGMA INVESTMENTS, LP | Unchanged | $13.9m405.9k shares |
| HBK INVESTMENTS L P | Added | $9.2m269.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m145.9k shares |
| Walleye Trading LLC | Added | $2.9m83.4k shares |
| CITADEL ADVISORS LLC | Reduced | $2.4m69.5k shares |
| GROUP ONE TRADING LLC | Reduced | $981.6k28.6k shares |
| SIMPLEX TRADING, LLC | Added | $981.0k28.6k shares |
| Walleye Capital LLC | New | $971.3k28.3k shares |
| TWO SIGMA SECURITIES, LLC | Added | $885.5k25.8k 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 in Q2 2023
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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 1 | $323.5k | — |
| Q2 2022 | 0 | — | 1 | $368.4k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 4 | $3.4m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 12.0m $410.6m | Added +1.0m |
| FMR LLC 0.02% of their portfolio | 7.2m $245.5m | Reduced -6.5m |
| VANGUARD GROUP INC 0.00% of their portfolio | 6.1m $210.2m | Added +686.8k |
| STATE STREET CORP 0.01% of their portfolio | 4.4m $153.4m | Reduced -92.9k |
| ANGELO GORDON & CO., L.P. 33.25% of their portfolio | 3.2m $109.8m | Reduced -1.2m |
| Invesco Ltd. 0.03% of their portfolio | 3.2m $109.2m | Added +332.1k |
| Copeland Capital Management, LLC 1.79% of their portfolio | 2.5m $86.8m | Added +94.7k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 2.0m $69.2m | Added +1.3m |
| Capital World Investors 0.01% of their portfolio | 2.0m $68.6m | Reduced -3.3m |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.9m $64.2m | Added +1.1m |
| WESTWOOD HOLDINGS GROUP INC 0.56% of their portfolio | 1.8m $62.4m | Reduced -239.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.5m $51.3m | Added +183.4k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.4m $49.7m | Reduced -9.4k |
| Allspring Global Investments Holdings, LLC 0.08% of their portfolio | 1.4m $47.8m | Added +187.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.4m $47.3m | Reduced -574.9k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.29% of their portfolio | 1.3m $44.9m | Added +111.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.3m $44.5m | Added +437.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 1.3m $44.1m | Added +837.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 1.3m $43.6m | Added +150.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $37.5m | Added +55.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 1.1m $37.0m | Added +245.5k |
| LOOMIS SAYLES & CO L P 0.06% of their portfolio | 1.0m $35.5m | Added +49.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 979.7k $33.6m | Added +912.4k |
| MORGAN STANLEY 0.00% of their portfolio | 945.4k $32.4m | Reduced -133.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 933.3k $32.0m | Added +107.8k |
| EMERALD ADVISERS, LLC 1.26% of their portfolio | 839.6k $28.8m | Added +15.1k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.19% of their portfolio | 785.5k $27.0m | Added +67.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 770.2k $26.4m | Added +47.1k |
| EMERALD MUTUAL FUND ADVISERS TRUST 1.27% of their portfolio | 682.4k $23.4m | Added +21.4k |
| Aventail Capital Group, LP 2.35% of their portfolio | 674.4k $23.1m | Reduced -269.4k |
| SIR Capital Management, L.P. 2.52% of their portfolio | 670.8k $23.0m | Added +300.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 643.2k $22.1m | Added +284.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 631.4k $21.7m | Added +222.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 604.8k $20.8m | Added +68.3k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 574.3k $19.7m | Added +47.1k |
| Requisite Capital Management, LLC 4.82% of their portfolio | 552.8k $19.0m | New |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 552.2k $18.9m | Added +45.9k |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 520.2k $17.9m | New |
| Steward Partners Investment Advisory, LLC 0.27% of their portfolio | 516.2k $17.7m | Added +13.2k |
| Hood River Capital Management LLC 0.51% of their portfolio | 498.3k $17.1m | Added +243.3k |
| Tributary Capital Management, LLC 1.47% of their portfolio | 478.2k $16.4m | Reduced -9.3k |
| ROYCE & ASSOCIATES LP 0.15% of their portfolio | 461.6k $15.8m | Reduced -8.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 453.6k $15.6m | Reduced -18.5k |
| HITE Hedge Asset Management LLC 1.78% of their portfolio | 448.6k $15.4m | Reduced -628.4k |
| Ninepoint Partners LP 1.90% of their portfolio | 425.0k $14.6m | Added +225.0k |
| Alyeska Investment Group, L.P. 0.11% of their portfolio | 415.9k $14.3m | Reduced -37.4k |
| Cinctive Capital Management LP 0.55% of their portfolio | 411.3k $14.1m | Added +250.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 408.1k $14.0m | Added +66.6k |
| Penn Capital Management Company, LLC 1.35% of their portfolio | 405.4k $13.9m | Added +11.7k |
| Ghisallo Capital Management LLC 1.64% of their portfolio | 400.0k $13.7m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 373.7k $12.8m | Reduced -131.1k |
| BARCLAYS PLC 0.01% of their portfolio | 367.5k $12.6m | Added +78.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.29% of their portfolio | 362.4k $12.4m | Added +61.0k |
| 12th Street Asset Management Company, LLC 2.45% of their portfolio | 354.2k $12.2m | Added +3.8k |
| CITIGROUP INC 0.02% of their portfolio | 344.7k $11.8m | Reduced -6.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 343.5k $11.8m | Added +52.4k |
| NOMURA HOLDINGS INC 0.12% of their portfolio | 332.3k $11.4m | Added +11.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 327.5k $11.2m | Reduced -20.3k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.29% of their portfolio | 308.0k $10.6m | Added +15.9k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 302.8k $10.4m | Added +150.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 286.9k $9.8m | Added +33.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 272.2k $9.3m | Added +17.9k |
| PUTNAM INVESTMENTS LLC 0.01% of their portfolio | 265.7k $9.1m | New |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 258.4k $8.9m | Added +65.9k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 254.3k $8.7m | Added +810 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 252.5k $8.7m | Reduced -16.9k |
| PALISADE CAPITAL MANAGEMENT, LP 0.22% of their portfolio | 245.4k $8.4m | New |
| UBS Group AG 0.00% of their portfolio | 243.5k $8.4m | Added +80.0k |
| Brandywine Global Investment Management, LLC 0.06% of their portfolio | 224.8k $7.7m | Reduced -188.8k |
| Legal & General Group Plc 0.00% of their portfolio | 224.1k $7.7m | Added +18.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 223.7k $7.7m | Added +18.6k |
| Silverleafe Capital Partners, LLC 4.57% of their portfolio | 214.4k $7.4m | Reduced -16.6k |
| Nokomis Capital, L.L.C. 2.61% of their portfolio | 207.6k $7.1m | Reduced -25.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 200.0k $6.9m | Added +172.9k |
| SIT INVESTMENT ASSOCIATES INC 0.17% of their portfolio | 194.2k $6.7m | Unchanged |
| Rafferty Asset Management, LLC 0.04% of their portfolio | 187.2k $6.4m | Reduced -63.7k |
| Weiss Multi-Strategy Advisers LLC 0.13% of their portfolio | 181.9k $6.2m | Reduced -4.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 180.6k $6.2m | Reduced -13.6k |
| Phocas Financial Corp. 0.77% of their portfolio | 164.9k $5.7m | Reduced -1.1k |
| Homestead Advisers Corp 0.15% of their portfolio | 161.9k $5.6m | Unchanged |
| Swiss National Bank 0.00% of their portfolio | 158.0k $5.4m | Added +15.1k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio | 153.5k $5.3m | Added +7.8k |
| Squarepoint Ops LLC 0.03% of their portfolio | 144.2k $5.0m | Reduced -43.3k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 143.7k $4.9m | Added +13.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 134.2k $4.6m | Reduced -12.4k |
| PIN OAK INVESTMENT ADVISORS INC 5.14% of their portfolio | 133.6k $4.6m | Reduced -2.4k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 129.1k $4.4m | Added +6.7k |
| Portolan Capital Management, LLC 0.37% of their portfolio | 121.6k $4.2m | Reduced -137.1k |
| Aptus Capital Advisors, LLC 0.12% of their portfolio | 117.6k $4.0m | New |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 115.3k $4.0m | Reduced -3.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 114.5k $3.9m | Reduced -16.1k |
| EAGLE ASSET MANAGEMENT INC 0.02% of their portfolio | 112.5k $3.9m | Reduced -70.3k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 110.4k $3.8m | Added +28.2k |
| Hudson Bay Capital Management LP 0.04% of their portfolio | 105.8k $3.6m | Reduced -116.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 103.3k $3.5m | Added +2.1k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 103.0k $3.5m | Reduced -6.2k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 91.5k $3.1m | Added +13.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 88.9k $3.0m | Added +6.1k |
| Neo Ivy Capital Management 1.57% of their portfolio | 86.9k $3.0m | First filing |
| GW&K Investment Management, LLC 0.03% of their portfolio | 81.6k $2.8m | New |