State Street Corp. Amends Northern Oil & Gas Stake Filing
Ticker: NOG · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1104485
| Field | Detail |
|---|---|
| Company | Northern Oil & Gas, Inc. (NOG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street Corp. updated its passive stake in Northern Oil & Gas, no major news.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Northern Oil & Gas Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued passive investment in the crude petroleum and natural gas company. For investors, this means a large institutional player maintains a position, which can signal stability but doesn't suggest any active management changes or new strategic moves.
Why It Matters
This filing confirms State Street Corporation's continued passive ownership in Northern Oil & Gas, providing transparency on institutional holdings but not signaling any new strategic direction for the company.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating a passive stake and not suggesting any immediate risk or opportunity.
Analyst Insight
An investor should note that State Street Corporation's continued passive holding in Northern Oil & Gas Inc. suggests institutional confidence in the stock as an investment, but it doesn't signal any imminent operational changes or strategic shifts for Northern Oil & Gas. This filing is more about transparency of ownership than a catalyst for price movement.
Key Numbers
- 665531307 — CUSIP Number (identifies Northern Oil & Gas Inc. common stock)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Northern Oil & Gas, Inc. (company) — the subject company whose stock is being reported
- 0000093751-24-000230 (dollar_amount) — accession number for the filing
- January 25, 2024 (date) — date the SC 13G/A was filed
- December 31, 2023 (date) — date of the event requiring the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to a previously reported beneficial ownership statement.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified with IRS Identification No. 04-2456637 and located at 1 Congress Street, Boston, MA.
What is the subject company whose securities are being reported?
The subject company is NORTHERN OIL & GAS, INC., a crude petroleum & natural gas company with CIK 0001104485.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as stated on the cover page of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' next to 'RULE 13D-1 (B)' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding NORTHERN OIL & GAS, INC. (NOG).