Vanguard Discloses 10.0% Passive Stake in Northern Oil & Gas

TL;DR

**Vanguard now owns 10.0% of Northern Oil & Gas, a big passive institutional vote of confidence.**

AI Summary

The Vanguard Group, a major investment firm, reported on January 10, 2024, that it beneficially owns 10.0% of Northern Oil and Gas Inc.'s Common Stock as of December 29, 2023. This filing indicates Vanguard's significant passive stake in the crude petroleum and natural gas company. For investors, this means a large, influential institutional investor sees value in Northern Oil and Gas, potentially signaling stability or future growth, but it's a passive holding, so Vanguard isn't looking to shake things up.

Why It Matters

This filing shows a major institutional investor, The Vanguard Group, has a significant stake in Northern Oil and Gas, which can be a vote of confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally adds stability rather than introducing new risks.

Analyst Insight

Investors should note Vanguard's significant, passive stake as a potential indicator of long-term stability, but recognize it doesn't signal active management changes or an impending takeover. It's a 'hold' signal from a major player.

Key Numbers

• 10.0% — Percentage of Class Beneficially Owned (Represents The Vanguard Group's ownership stake in Northern Oil and Gas Inc.)

Key Players & Entities

• The Vanguard Group (company) — reporting person, beneficial owner of shares
• Northern Oil and Gas Inc. (company) — issuer of the securities
• 10.0% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (person) — date of event requiring the filing

Forward-Looking Statements

• Northern Oil and Gas Inc. will likely maintain a stable institutional ownership profile due to Vanguard's passive stake. (Northern Oil and Gas Inc.) — medium confidence, target: 12 months

FAQ

Filing Documents

• tv0007-northernoilandgasinc.htm (SC 13G) — 11KB
• 0001104659-24-002854.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Northern Oil and Gas Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 4350 Baker Road, Suite 400 Minnetonka, MN 55343

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 665531307

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 10, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G filing on SEC EDGAR