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 ($28.0m this quarter). Holder counts are more reliable. Shares outstanding: 105.8m as of 2026-04-24, 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 ≈ $29.02. Options: 14 managers hold calls ($99.0m notional), 13 hold puts ($26.3m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 182 | 145 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $100.9m | $45.3m | 0.45 |
| Q3 2025 | $93.3m | $50.9m | 0.55 |
| Q4 2025 | $76.6m | $32.1m | 0.42 |
| Q1 2026 | $99.0m | $26.3m | 0.27 |
Biggest buyers
| STATE STREET CORP | Added | +1.4m |
| Invesco Ltd. | Added | +1.2m |
| BlackRock, Inc. | Added | +1.1m |
| FIRST TRUST ADVISORS LP | Added | +629.2k |
| GOLDMAN SACHS GROUP INC | Added | +591.9k |
| Nuveen, LLC | Added | +417.1k |
| Empowered Funds, LLC | New | +403.1k |
| MetLife Investment Management, LLC | Added | +361.4k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +356.0k |
| JPMORGAN CHASE & CO | Added | +332.3k |
Biggest sellers
| WESTWOOD HOLDINGS GROUP INC | Reduced | -2.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -874.8k |
| Allspring Global Investments Holdings, LLC | Reduced | -830.4k |
| Point72 Asset Management, L.P. | Sold out | -579.9k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -425.8k |
| SG Americas Securities, LLC | Sold out | -421.8k |
| D. E. Shaw & Co., Inc. | Reduced | -352.7k |
| STANSBERRY ASSET MANAGEMENT, LLC | Sold out | -203.6k |
| DARK FOREST CAPITAL MANAGEMENT LP | Sold out | -195.7k |
| ExodusPoint Capital Management, LP | Sold out | -186.7k |
Biggest calls
| UBS Group AG | Added | $56.5m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.0m479.3k shares |
| CITADEL ADVISORS LLC | Reduced | $6.8m232.5k shares |
| JANE STREET GROUP, LLC | Added | $5.3m180.6k shares |
| IMC-Chicago, LLC | Added | $5.1m173.1k shares |
| CastleKnight Management LP | New | $2.3m80.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $2.0m67.6k shares |
| GROUP ONE TRADING LLC | Added | $1.9m63.3k shares |
| Walleye Trading LLC | Reduced | $1.5m52.0k shares |
| PEAK6 LLC | New | $1.5m50.5k shares |
Biggest puts
| Balyasny Asset Management L.P. | Added | $11.1m380.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.1m175.9k shares |
| CITADEL ADVISORS LLC | Added | $2.9m97.9k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | $1.5m50.5k shares |
| IMC-Chicago, LLC | Reduced | $1.3m44.9k shares |
| JANE STREET GROUP, LLC | Added | $909.1k31.1k shares |
| Walleye Capital LLC | Reduced | $885.7k30.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $827.2k28.3k shares |
| Walleye Trading LLC | Reduced | $523.2k17.9k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $461.8k15.8k 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 Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 3 | $505.4k | $505.4k |
| Q3 2024 | 0 | — | 4 | $505.9k | $505.9k |
| 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 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 15.7m $459.5m | Added +1.1m |
| AMERICAN CENTURY COMPANIES INC 0.12% of their portfolio | 8.0m $233.1m | Reduced -425.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 6.6m $192.4m | First filing |
| STATE STREET CORP 0.01% of their portfolio | 6.5m $194.1m | Added +1.4m |
| FMR LLC 0.01% of their portfolio | 6.4m $186.8m | Reduced -164.2k |
| Invesco Ltd. 0.02% of their portfolio | 5.5m $161.2m | Added +1.2m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.5m $131.7m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 4.1m $121.2m | Reduced -97.1k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 3.4m $73.7m | Reduced -104.5k |
| UBS Group AG 0.01% of their portfolio | 2.6m $76.4m | Added +269.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.4m $71.4m | Added +145.2k |
| MORGAN STANLEY 0.00% of their portfolio | 2.4m $70.1m | Added +135.1k |
| Nuveen, LLC 0.01% of their portfolio | 1.7m $50.7m | Added +417.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.7m $49.2m | Added +231.7k |
| Hood River Capital Management LLC 0.47% of their portfolio | 1.6m $46.4m | Added +316.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.5m $42.7m | Reduced -9.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.4m $40.7m | Added +591.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 1.3m $38.5m | Added +356.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $36.4m | Added +194.9k |
| WESTWOOD HOLDINGS GROUP INC 0.26% of their portfolio | 1.2m $35.8m | Reduced -2.1m |
| DEPRINCE RACE & ZOLLO INC 0.65% of their portfolio | 1.2m $34.2m | Reduced -18.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 1.2m $34.1m | Added +629.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $29.9m | Added +61.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.58% of their portfolio | 928.9k $27.2m | Added +44.9k |
| Tributary Capital Management, LLC 2.36% of their portfolio | 830.4k $24.3m | Reduced -7.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 824.6k $24.1m | Added +78.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.04% of their portfolio | 818.6k $23.9m | Reduced -111.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 812.3k $23.7m | Reduced -22.6k |
| PALISADE CAPITAL MANAGEMENT, LP 0.76% of their portfolio | 778.1k $22.7m | Reduced -13.5k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 737.3k $21.5m | Added +132.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 693.6k $20.3m | Added +28.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 667.3k $19.5m | First filing |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 657.9k $19.7m | Added +332.3k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.14% of their portfolio | 640.3k $18.7m | Added +75.1k |
| CITIGROUP INC 0.01% of their portfolio | 613.8k $17.9m | Added +91.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.35% of their portfolio | 598.2k $17.5m | Added +17.8k |
| Requisite Capital Management, LLC 3.13% of their portfolio | 565.5k $16.8m | Unchanged |
| Penn Capital Management Company, LLC 1.27% of their portfolio | 560.6k $16.4m | Added +65.7k |
| NOMURA HOLDINGS INC 0.13% of their portfolio | 554.0k $16.2m | Added +39.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 538.2k $15.7m | Reduced -874.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 506.7k $14.8m | Added +43.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 491.8k $14.4m | Reduced -92.2k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 467.5k $12.9m | Reduced -830.4k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 460.2k $13.5m | Reduced -1.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 450.3k $13.2m | Added +50.6k |
| MetLife Investment Management, LLC 0.06% of their portfolio | 415.3k $12.1m | Added +361.4k |
| Empowered Funds, LLC 0.08% of their portfolio | 403.1k $11.8m | New |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 388.5k $11.4m | Reduced -184.5k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 373.3k $10.9m | Added +36.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 340.5k $10.0m | Added +111.7k |
| BARCLAYS PLC 0.00% of their portfolio | 327.3k $9.6m | Reduced -130.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 319.8k $9.3m | Added +36.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 312.5k $9.1m | Added +9.1k |
| LORD, ABBETT & CO. LLC 0.03% of their portfolio | 306.2k $8.9m | Added +157.3k |
| Aristotle Capital Boston, LLC 0.55% of their portfolio | 301.1k $8.8m | Reduced -14.2k |
| Aptus Capital Advisors, LLC 0.07% of their portfolio | 291.3k $8.5m | Added +3.2k |
| DENALI ADVISORS LLC 0.93% of their portfolio | 285.5k $8.3m | Reduced -27.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 281.4k $8.2m | Added +9.4k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 278.0k $8.1m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 274.3k $8.1m | New |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 272.2k $8.0m | Added +92.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 257.5k $7.5m | Added +34.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 252.3k $7.4m | Reduced -17.5k |
| ROYCE & ASSOCIATES LP 0.07% of their portfolio | 251.9k $7.4m | Added +32.0k |
| SEVEN GRAND MANAGERS, LLC 0.49% of their portfolio | 250.0k $7.3m | New |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 231.7k $6.8m | New |
| Rafferty Asset Management, LLC 0.03% of their portfolio | 227.9k $6.7m | Added +90.1k |
| Advisors Asset Management, Inc. 0.11% of their portfolio | 221.4k $6.5m | Added +74.9k |
| Legal & General Group Plc 0.00% of their portfolio | 207.4k $6.1m | Reduced -20.4k |
| Campbell & CO Investment Adviser LLC 0.34% of their portfolio | 205.2k $6.0m | Added +20.6k |
| Portolan Capital Management, LLC 0.32% of their portfolio | 204.2k $6.0m | New |
| CastleKnight Management LP 0.27% of their portfolio | 196.0k $5.7m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 187.2k $5.5m | Reduced -352.7k |
| Swiss National Bank 0.00% of their portfolio | 182.8k $5.3m | Unchanged |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 175.0k $5.1m | Reduced -16.8k |
| Creative Planning 0.00% of their portfolio | 174.6k $5.1m | Added +39.8k |
| CAXTON ASSOCIATES LLP 0.12% of their portfolio | 172.0k $5.0m | Reduced -85.6k |
| EASTERLY INVESTMENT PARTNERS LLC 0.38% of their portfolio | 166.4k $4.9m | Reduced -20.8k |
| SIT INVESTMENT ASSOCIATES INC 0.09% of their portfolio | 149.0k $4.4m | Unchanged |
| Walleye Capital LLC 0.03% of their portfolio | 144.4k $4.2m | Added +131.0k |
| Sterling Capital Management LLC 0.08% of their portfolio | 141.3k $4.1m | Added +3.2k |
| Homestead Advisers Corp 0.11% of their portfolio | 140.6k $4.1m | Added +52.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 137.6k $4.0m | Added +18.5k |
| Dana Investment Advisors, Inc. 0.12% of their portfolio | 136.5k $4.0m | Reduced -1.4k |
| Collar Capital Management, LLC 2.56% of their portfolio | 135.3k $4.0m | Added +1.3k |
| EFG International AG 0.08% of their portfolio | 134.4k $3.9m | Reduced -7.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 134.1k $3.9m | Added +2.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 120.5k $3.5m | Added +16.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 110.0k $3.2m | Added +22.1k |
| Y-Intercept (Hong Kong) Ltd 0.06% of their portfolio | 109.2k $3.2m | New |
| PIN OAK INVESTMENT ADVISORS INC 2.29% of their portfolio | 109.1k $3.2m | Reduced -605 |
| Squarepoint Ops LLC 0.01% of their portfolio | 108.8k $3.2m | Reduced -49.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 105.6k $3.1m | Added +29.3k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 103.3k $3.0m | Reduced -19.8k |
| Susquehanna Portfolio Strategies, LLC 0.04% of their portfolio | 100.7k $2.9m | Reduced -121.8k |
| Gotham Asset Management, LLC 0.01% of their portfolio | 97.7k $2.9m | Added +81.5k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 93.6k $2.7m | Added +2.2k |
| FIRST NATIONAL BANK OF OMAHA 0.08% of their portfolio | 88.9k $2.6m | Reduced -1.7k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 87.5k $2.6m | Added +3.6k |
| Hudson Bay Capital Management LP 0.01% of their portfolio | 84.8k $2.5m | Reduced -5.2k |