Exploring Northern Oil and Gas, Inc. (NOG) Investor Profile: Who’s Buying and Why?

Are you keeping a close watch on the energy sector and wondering who's investing in Northern Oil and Gas, Inc. (NOG)? As of 2024, NOG reported a revenue of $2.01 billion, a 14.87% increase from the previous year, though earnings decreased by -43.63% to $520.31 million. With approximately 73.52% of the company's stock owned by institutional investors, and a recent share price decline of 45.96% from April 2024 to April 2025, understanding the investor profile is more crucial than ever. What does this ownership structure mean for the company's strategic direction, and why are these investors making their moves? Read on to discover the key players and the motivations driving their investment decisions.

Northern Oil and Gas, Inc. (NOG) Who Invests in Northern Oil and Gas, Inc. (NOG) and Why?

Understanding the investor profile of Northern Oil and Gas, Inc. (NOG) involves examining the diverse range of entities and individuals who hold its stock, and their motivations for doing so. These investors typically include retail investors, institutional investors, and hedge funds, each with their own investment strategies and objectives.

Key Investor Types:

The investor base of Northern Oil and Gas, Inc. (NOG) can be segmented into several key categories:

• Retail Investors: These are individual investors who buy and sell shares for their own accounts. They may be attracted to Northern Oil and Gas, Inc. (NOG) due to its growth prospects, dividend payouts, or perceived undervaluation.
• Institutional Investors: This category includes mutual funds, pension funds, insurance companies, and other large financial institutions that invest on behalf of their clients. Institutional investors often conduct extensive research and analysis before investing in a company.
• Hedge Funds: These are investment partnerships that use various strategies to generate returns for their investors. Hedge funds may invest in Northern Oil and Gas, Inc. (NOG) based on short-term trading opportunities, arbitrage strategies, or activist investing approaches.

Investment Motivations:

Several factors might attract investors to Northern Oil and Gas, Inc. (NOG):

• Growth Prospects: Investors may be drawn to Northern Oil and Gas, Inc. (NOG)'s potential for growth in production, reserves, and revenue. The company's strategic acquisitions and development of oil and gas properties can drive this growth.
• Dividends: Northern Oil and Gas, Inc. (NOG) has a history of paying dividends to its shareholders. Income-seeking investors may find the company's dividend yield attractive.
• Market Position: Northern Oil and Gas, Inc. (NOG)'s position as a non-operating working interest owner in the Williston Basin may appeal to investors who believe in the long-term potential of this region.
• Valuation: Some investors may believe that Northern Oil and Gas, Inc. (NOG) is undervalued by the market, presenting an opportunity for capital appreciation.

Investment Strategies:

Investors in Northern Oil and Gas, Inc. (NOG) employ a variety of investment strategies, depending on their risk tolerance, time horizon, and investment objectives:

• Long-Term Holding: Some investors adopt a long-term holding strategy, buying and holding shares of Northern Oil and Gas, Inc. (NOG) for several years or even decades. These investors believe in the company's long-term growth potential and are willing to ride out short-term market fluctuations.
• Short-Term Trading: Other investors engage in short-term trading, buying and selling shares of Northern Oil and Gas, Inc. (NOG) to profit from short-term price movements. These traders may use technical analysis or other tools to identify trading opportunities.
• Value Investing: Value investors seek to identify undervalued companies with strong fundamentals. They may invest in Northern Oil and Gas, Inc. (NOG) if they believe that the company's stock price is below its intrinsic value.

For more insights into Northern Oil and Gas, Inc. (NOG)'s financial standing, consider exploring: Breaking Down Northern Oil and Gas, Inc. (NOG) Financial Health: Key Insights for Investors

Northern Oil and Gas, Inc. (NOG) Institutional Ownership and Major Shareholders of Northern Oil and Gas, Inc. (NOG)

Understanding the ownership structure of Northern Oil and Gas, Inc. (NOG) is crucial for investors as it provides insights into the company's stability, strategic direction, and potential stock performance. Institutional investors, insiders, and retail investors all play significant roles in shaping the company's market dynamics.

As of April 2025, Northern Oil and Gas, Inc. (NOG) has a substantial number of institutional owners and shareholders. According to recent filings with the Securities and Exchange Commission (SEC), there are 801 institutional owners and shareholders holding a total of 143,465,966 shares.

Here's a breakdown of the major institutional investors and their shareholdings:

• BlackRock, Inc.: Holds 15,398,202 shares as of December 31, 2024, marking an increase of 188,333 shares or 1.238%.
• Vanguard Group Inc.: Holds 11,273,298 shares as of December 31, 2024, an increase of 166,501 shares or 1.499%.
• Fmr Llc: Holds 11,247,217 shares as of December 31, 2024, an increase of 43,891 shares or 0.392%.
• American Century Companies Inc.: Holds 6,537,596 shares as of December 31, 2024, with an increase of 243,531 shares.
• State Street Corp: Holds 4,959,173 shares as of December 31, 2024, reflecting a decrease of 401,770 shares.
• Alliancebernstein L.P.: Holds 3,500,253 shares as of December 31, 2024, a decrease of 86,373 shares.
• Dimensional Fund Advisors Lp.: Holds 3,296,886 shares as of December 31, 2024, with an increase of 68,631 shares.
• Invesco Ltd.: Holds 2,800,909 shares as of December 31, 2024, a significant decrease of 1,245,554 shares.
• Geode Capital Management, Llc.: Holds 2,273,765 shares as of December 31, 2024, a decrease of 10,012 shares.

Other significant shareholders include:

• Crestview Partners III GP LP: Owning 79,001,925 shares, representing 79.71% of the company.
• Robert B. Rowling: Holding 17,437,964 shares, which accounts for 17.59% ownership.
• Michael Lewis Reger: With 10,455,053 shares, holding 10.55% of the company.
• Joseph Anthony Geraci II: Owning 9,952,500 shares, representing 10.04% of the ownership.
• Douglas Michael Polinsky: Holding 7,163,500 shares, accounting for 7.23% of the company.

These major shareholders can include individual investors, mutual funds, hedge funds, or institutions. A Schedule 13D filing indicates that the investor holds (or held) more than 5% of the company and intends (or intended) to actively pursue a change in business strategy, while Schedule 13G indicates a passive investment of over 5%.

Institutional ownership in Northern Oil and Gas, Inc. (NOG) reflects a mix of investment strategies, with some institutions increasing their positions while others have decreased their stakes. Overall institutional ownership is about 73.52%, insiders own about 2.92%, and public companies and individual investors hold approximately 23.56% of the company’s stock.

Here is a summary of recent changes in ownership:

Institutional investors play a significant role in the stock price and strategy of Northern Oil and Gas, Inc. (NOG). Large institutional investors can influence the company’s management and affect its stock price through their buying and selling patterns.

Notably, Northern Oil and Gas, Inc. (NOG) has been actively managing its capital allocation. On March 11, 2025, the Board of Directors authorized an additional $100 million to the company's share repurchase program, bringing the total authorized amount to $200 million. As of that date, the company had already repurchased approximately $10.0 million, or 334,982 shares, at an average price of $29.86 per share, inclusive of commissions.

Northern Oil and Gas, Inc. (NOG) is focused on growing profits per share to investors over time and through cycles. The company actively invests, hedges, and seeks to drive consistent, long-term growth to profits and cash returns for its shareholders.

NOG is a data-driven enterprise, leveraging proprietary data to analyze and forecast well investments. Their data lake includes performance and operational data across 100 operators, over 10,000 wells, three basins, and two commodities.

For additional insights into the company's values and long-term objectives, refer to Mission Statement, Vision, & Core Values of Northern Oil and Gas, Inc. (NOG).

Northern Oil and Gas, Inc. (NOG) Key Investors and Their Impact on Northern Oil and Gas, Inc. (NOG)

Understanding the investor profile of Northern Oil and Gas, Inc. (NOG) provides valuable insights into the company's stability, growth potential, and strategic direction. Examining who is investing and their motivations can reveal a great deal about market sentiment and future performance. Here’s a detailed look at the key investors and their potential influence.

Notable Investors

Identifying notable investors in Northern Oil and Gas, Inc. (NOG) involves examining major institutional holders, activist investors, and influential individuals. These entities often hold significant stakes and can exert considerable influence on company policy and stock performance.

Key investors may include:

• Institutional Investors: These are typically large entities such as mutual funds, pension funds, hedge funds, and insurance companies. Major institutional holders often include firms like BlackRock, Vanguard, and State Street.
• Activist Investors: These investors purchase significant stakes in a company with the goal of influencing its management and strategic direction. They might push for changes such as cost-cutting measures, asset sales, or a change in leadership.
• Individual Investors: While less influential individually, a collective of significant individual investors can also impact the stock. These may include company founders, board members, or other high-profile individuals.

Investor Influence

The influence of these investors can manifest in several ways:

• Strategic Decisions: Large institutional investors often have regular dialogues with company management and can influence strategic decisions through their voting power and feedback.
• Stock Movements: Significant buying or selling by major investors can cause fluctuations in the stock price, impacting market sentiment and overall valuation.
• Governance Changes: Activist investors can nominate board members, propose shareholder resolutions, and publicly campaign for changes in corporate governance.

Recent Moves

Keeping track of recent moves by key investors provides insights into their evolving perspectives on the company.

• Buying and Selling: Monitoring SEC filings (such as 13F filings) reveals which investors have been increasing or decreasing their positions. Substantial purchases can signal confidence in the company's future, while large sales might indicate concerns.
• Activism: Any public campaigns or proposals by activist investors should be closely monitored, as these can lead to significant changes in company strategy.

Financial Data and Key Metrics

To provide a clearer picture, let's consider some hypothetical data for the fiscal year 2024, noting that real-time data can be sourced from financial news outlets and SEC filings.

Understanding these dynamics helps stakeholders assess the potential trajectory of Northern Oil and Gas, Inc. (NOG) and make informed decisions. For more insights into the company's background, explore: Northern Oil and Gas, Inc. (NOG): History, Ownership, Mission, How It Works & Makes Money.

Northern Oil and Gas, Inc. (NOG) Market Impact and Investor Sentiment

Understanding investor sentiment and market reactions is crucial for evaluating the potential of Northern Oil and Gas, Inc. (NOG). Changes in major shareholders' positions, market responses to these shifts, and analyst perspectives all contribute to a comprehensive view of the company's future.

Recent shifts in ownership and significant investor moves can trigger immediate market reactions. Positive sentiment from major shareholders can drive up the stock price, while negative sentiment may lead to declines. Keeping an eye on these movements provides insight into the market's confidence in Northern Oil and Gas, Inc. (NOG).

Analyst perspectives offer informed opinions on how key investors influence Northern Oil and Gas, Inc. (NOG)'s trajectory. These analysts often evaluate the long-term implications of investment decisions, providing context for understanding potential future performance. Their insights can be invaluable for both current and prospective investors.

Institutional investors play a significant role in Northern Oil and Gas, Inc. (NOG). As of Q4 2023, the top institutional holders of Northern Oil and Gas, Inc. (NOG) include:

• Vanguard Group Inc., holding 12,964,727 shares
• BlackRock Fund Advisors, holding 7,914,577 shares
• ба State Street Corp, holding 5,764,487 shares
• ба Geode Capital Management LLC, holding 2,262,957 shares
• ба Charles Schwab Investment Management Inc., holding 1,823,134 shares

These major holders demonstrate substantial interest in Northern Oil and Gas, Inc. (NOG). Changes in their positions can significantly influence market sentiment and stock performance.

Examining the trading activity of these major holders reveals trends in investor sentiment. For instance, increases in holdings might indicate a positive outlook, while decreases could signal concerns. Recent data regarding insider trading activity and institutional adjustments provides additional context:

• Over the past three months, Northern Oil and Gas, Inc. (NOG) insiders have sold 4,988 shares, valued at approximately $143,654.
• Conversely, they have purchased 1,700 shares, with a total value of $49,214.

These transactions offer a glimpse into the perspectives of those closest to the company. While sales might not always indicate negative sentiment, a pattern of consistent selling could raise concerns. Conversely, insider buying often signals confidence in the company's prospects.

To further contextualize investor profiles and the company's background, explore this resource: Northern Oil and Gas, Inc. (NOG): History, Ownership, Mission, How It Works & Makes Money

Analyzing analyst ratings and price targets offers another layer of insight into market expectations for Northern Oil and Gas, Inc. (NOG). These assessments reflect expert opinions on the stock's potential value. According to the latest data:

• The consensus rating on Northern Oil and Gas, Inc. (NOG) is a 'Moderate Buy.'
• The average price target is $44.33.

These ratings suggest that analysts generally view Northern Oil and Gas, Inc. (NOG) favorably, anticipating potential upside in the stock price. However, it's important to consider that analyst ratings are not guarantees and should be viewed as one factor among many in investment decisions.

Keeping abreast of these dynamics is essential for anyone looking to understand the market's view of Northern Oil and Gas, Inc. (NOG) and make informed investment decisions.

Here is a recent overview of Northern Oil and Gas, Inc. (NOG)'s financial performance and market position:

This data provides a snapshot of Northern Oil and Gas, Inc. (NOG)'s current valuation, trading activity, and profitability metrics.