NOGNYSECrude Petroleum & Natural GasFiscal year ends December 31
NORTHERN OIL & GAS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$27.75+0.59 (+2.17%)
Close on Oct 19, 2026
- Market cap
- $3.00B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
109M of 107M shares
Institutional holders
340
57 new, 72 sold out
Net institutional buying
-4M
In Q2 2026
Insider trades, 12 months
3 buys · 0 sales
Net bought $1.10M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Stowers Institute for Medical Research | 8,033,428 | 8.10% | 13G (passive) amendment | Jun 30, 2025 |
| State Street Corporation | 7,183,786 | 6.80% | 13G (passive) | Jun 30, 2026 |
| Invesco Ltd. | 6,682,079 | 6.30% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Portfolio Management | 6,618,916 | 6.33% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 5,271,121 | 5.04% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 13,949,576 | 14.10% | 13G (passive) amendment | Jun 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NOG | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 16,041,709 | 15.06% | $291.16M | +322,767 | 0.00% |
| American Century Companies Inc | 8,457,296 | 7.94% | $153.50M | +483,024 | 0.07% |
| State Street Corp | 7,183,786 | 6.74% | $133.55M | +643,818 | 0.00% |
| Vanguard Portfolio Management LLC | 6,858,909 | 6.44% | $124.49M | +276,857 | 0.01% |
| Invesco Ltd. | 6,005,719 | 5.64% | $109.00M | +491,923 | 0.01% |
| Vanguard Capital Management LLC | 4,583,855 | 4.30% | $83.20M | +79,738 | 0.00% |
| Dimensional Fund Advisors LP | 4,487,842 | 4.21% | $81.45M | +341,639 | 0.01% |
| Geode Capital Management, LLC | 2,710,135 | 2.54% | $49.20M | +267,291 | 0.00% |
| Millennium Management LLC | 2,301,454 | 2.16% | $41.77M | +1,763,260 | 0.02% |
| UBS Group AG | 2,092,574 | 1.96% | $37.98M | −521,856 | 0.00% |
| Goldman Sachs Group Inc | 1,930,360 | 1.81% | $35.04M | +536,295 | 0.00% |
| Morgan Stanley | 1,873,765 | 1.76% | $34.01M | −524,066 | 0.00% |
| Charles Schwab Investment Management Inc | 1,849,231 | 1.74% | $33.56M | +167,188 | 0.00% |
| Hood River Capital Management LLC | 1,533,460 | 1.44% | $27.83M | −53,139 | 0.20% |
| FMR LLC | 1,500,013 | 1.41% | $27.23M | −4,890,520 | 0.00% |
| Bank of New York Mellon Corp | 1,474,859 | 1.38% | $26.77M | +14,784 | 0.00% |
| Deprince Race & Zollo Inc | 1,375,011 | 1.29% | $24.96M | +205,896 | 0.42% |
| Voya Investment Management LLC | 1,308,703 | 1.23% | $23.75M | −7,595 | 0.02% |
| First Trust Advisors LP | 1,251,573 | 1.17% | $22.72M | +83,602 | 0.01% |
| Encompass Capital Advisors LLC | 1,250,000 | 1.17% | $22.69M | New | 0.81% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 340 | 109M | 100.0% | 57 / 128 | 109 / 72 | 14M | 18M |
| Q1 2026 | 359 | 113M | 100.0% | 83 / 138 | 83 / 34 | 25M | 9M |
| Q4 2025 | 314 | 108M | 100.0% | 48 / 107 | 120 / 80 | 12M | 17M |
| Q3 2025 | 354 | 114M | 100.0% | 34 / 140 | 132 / 51 | 7M | 8M |
| Q2 2025 | 375 | 114M | 100.0% | 50 / 161 | 126 / 39 | 9M | 8M |
| Q1 2025 | 366 | 114M | 100.0% | 50 / 139 | 129 / 71 | 9M | 6M |
| Q4 2024 | 393 | 111M | 100.0% | 88 / 155 | 104 / 30 | 8M | 6M |
| Q3 2024 | 340 | 110M | 100.0% | 44 / 137 | 113 / 34 | 25M | 8M |
| Q2 2024 | 332 | 107M | 100.0% | 44 / 144 | 101 / 43 | 11M | 10M |
| Q1 2024 | 334 | 106M | 99.4% | 58 / 116 | 121 / 44 | 10M | 7M |
| Q4 2023 | 322 | 103M | 96.6% | 49 / 151 | 86 / 39 | 18M | 6M |
| Q3 2023 | 318 | 91M | 85.5% | 55 / 131 | 103 / 25 | 11M | 10M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NOG | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 6,300,332 | 5.91% | $114.35M | 0.10% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 3,362,019 | 3.16% | $73.19M | 0.27% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 3,197,401 | 3.00% | $58.03M | 0.00% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF | 3,015,360 | 2.83% | $54.73M | 1.88% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,706,726 | 2.54% | $49.13M | 0.06% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,298,616 | 2.16% | $41.72M | 0.02% | Jun 30, 2026 |
| Small Cap Value Fund | 2,255,000 | 2.12% | $40.93M | 1.35% | Jun 30, 2026 |
| Invesco Small Cap Value Fund | 1,721,189 | 1.62% | $36.40M | 0.33% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,460,055 | 1.37% | $26.50M | 0.04% | Jun 30, 2026 |
| Invesco Main Street Small Cap Fund | 1,442,187 | 1.35% | $26.18M | 0.98% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,202,764 | 1.13% | $21.83M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,157,179 | 1.09% | $24.47M | 0.07% | Jul 31, 2026 |
| Hood River Small-Cap Growth Fund | 1,015,769 | 0.95% | $18.44M | 0.28% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 975,678 | 0.92% | $17.71M | 0.12% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 961,438 | 0.90% | $17.45M | 0.10% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Nicholas L. O'Grady | CEO, Director | 286,124 | 0.27% | Mar 18, 2026 |
| James B. Evans | Chief Technical Officer | 78,179 | 0.07% | Mar 18, 2026 |
| Erik J. Romslo | Chief Legal Officer & Sec. | 107,548 | 0.10% | Mar 18, 2026 |
| Chad W. Allen | CFO | 89,979 | 0.08% | Mar 18, 2026 |
| Adam A. Dirlam | President | 151,745 | 0.14% | Mar 18, 2026 |
| Jennifer S. Pomerantz | Director | 28,917 | 0.03% | Jul 2, 2026 |
| Bahram Akradi | Director | 1,719,780 | 1.61% | Jul 2, 2026 |
| William F. Kimble | Director | 21,669 | 0.02% | Jul 2, 2026 |
| Michael A. Frantz | Director | 67,141 | 0.06% | Jul 2, 2026 |
| Stuart G. Lasher | Director | 368,432 | 0.35% | Jul 2, 2026 |
| Lisa Meier | Director | 61,840 | 0.06% | Jul 2, 2026 |
| Roy Ernest Easley | Director | 86,666 | 0.08% | Apr 1, 2026 |
| Jack E. King | Director | 66,966 | 0.06% | Apr 2, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jennifer S. Pomerantz Director | Jun 30, 2026 | Award | +3,788 | – | – | 28,917 |
| Lisa Meier Director | Jun 30, 2026 | Award | +2,410 | – | – | 61,840 |
| Stuart G. Lasher Director | Jun 30, 2026 | Award | +2,410 | – | – | 70,099 |
| Michael A. Frantz Director | Jun 30, 2026 | Award | +2,410 | – | – | 67,141 |
| William F. Kimble Director | Jun 30, 2026 | Award | +2,410 | – | – | 21,669 |
| Bahram Akradi Director | Jun 30, 2026 | Award | +6,336 | – | – | 1,719,780 |
| Bahram Akradi Director | Jun 22, 2026 | Buy | +25,760 | $19.40 | $499.74K | 1,713,444 |
| Stuart G. Lasher Director | Mar 31, 2026 | Award | +1,496 | – | – | 67,689 |
| William F. Kimble Director | Mar 31, 2026 | Award | +1,496 | – | – | 19,259 |
| Roy Ernest Easley Director | Mar 31, 2026 | Award | +1,496 | – | – | 86,666 |
| Lisa Meier Director | Mar 31, 2026 | Award | +1,496 | – | – | 59,430 |
| Michael A. Frantz Director | Mar 31, 2026 | Award | +1,496 | – | – | 64,731 |
| Jennifer S. Pomerantz Director | Mar 31, 2026 | Award | +2,351 | – | – | 25,129 |
| Bahram Akradi Director | Mar 31, 2026 | Award | +3,933 | – | – | 1,687,684 |
| Nicholas L. O'Grady CEO, Director | Mar 16, 2026 | Award | +52,391 | – | – | 286,124 |
| Nicholas L. O'Grady CEO, Director | Mar 16, 2026 | Tax withholding | −25,053 | $27.51 | $689.21K | 261,071 |
| Erik J. Romslo Chief Legal Officer & Sec. | Mar 16, 2026 | Award | +10,839 | – | – | 107,548 |
| Erik J. Romslo Chief Legal Officer & Sec. | Mar 16, 2026 | Tax withholding | −5,788 | $27.51 | $159.23K | 101,760 |
| James B. Evans Chief Technical Officer | Mar 16, 2026 | Tax withholding | −5,672 | $27.51 | $156.04K | 78,179 |
| James B. Evans Chief Technical Officer | Mar 16, 2026 | Award | +12,044 | – | – | 83,851 |
| Chad W. Allen CFO | Mar 16, 2026 | Award | +13,850 | – | – | 89,979 |
| Chad W. Allen CFO | Mar 16, 2026 | Tax withholding | −6,069 | $27.51 | $166.96K | 83,910 |
| Adam A. Dirlam President | Mar 16, 2026 | Tax withholding | −1,397 | $27.51 | $38.43K | 27,715 |
| Adam A. Dirlam President | Mar 16, 2026 | Award | +25,292 | – | – | 124,030 |
| Adam A. Dirlam President | Mar 16, 2026 | Tax withholding | −10,695 | $27.51 | $294.22K | 113,335 |
| Adam A. Dirlam President | Mar 16, 2026 | Award | +10,949 | – | – | 29,112 |
| Nicholas L. O'Grady CEO, Director | Feb 9, 2026 | Tax withholding | −14,607 | $25.88 | $378.03K | 233,733 |
| Nicholas L. O'Grady CEO, Director | Feb 9, 2026 | Award | +29,688 | – | – | 248,340 |
| Adam A. Dirlam President | Feb 9, 2026 | Award | +11,642 | – | – | 104,552 |
| Adam A. Dirlam President | Feb 9, 2026 | Tax withholding | −5,814 | $25.88 | $150.47K | 98,738 |
| Erik J. Romslo Chief Legal Officer & Sec. | Feb 9, 2026 | Tax withholding | −3,113 | $25.88 | $80.56K | 96,709 |
| Erik J. Romslo Chief Legal Officer & Sec. | Feb 9, 2026 | Award | +5,952 | – | – | 99,822 |
| Chad W. Allen CFO | Feb 9, 2026 | Tax withholding | −3,213 | $25.88 | $83.15K | 76,129 |
| Chad W. Allen CFO | Feb 9, 2026 | Award | +6,179 | – | – | 79,342 |
| James B. Evans Chief Technical Officer | Feb 9, 2026 | Award | +5,073 | – | – | 74,492 |
| James B. Evans Chief Technical Officer | Feb 9, 2026 | Tax withholding | −2,685 | $25.88 | $69.49K | 71,807 |
| Stuart G. Lasher Director | Dec 31, 2025 | Award | +2,038 | – | – | 66,193 |
| Bahram Akradi Director | Dec 31, 2025 | Award | +6,521 | – | – | 1,683,751 |
| Lisa Meier Director | Dec 31, 2025 | Award | +2,038 | – | – | 57,934 |
| Michael A. Frantz Director | Dec 31, 2025 | Award | +2,038 | – | – | 63,235 |
| Roy Ernest Easley Director | Dec 31, 2025 | Award | +2,038 | – | – | 85,170 |
| Jennifer S. Pomerantz Director | Dec 31, 2025 | Award | +2,038 | – | – | 22,778 |
| William F. Kimble Director | Dec 31, 2025 | Award | +2,038 | – | – | 17,763 |
| Adam A. Dirlam President | Dec 29, 2025 | Tax withholding | −6,637 | $21.90 | $145.35K | 92,910 |
| Chad W. Allen CFO | Dec 29, 2025 | Tax withholding | −4,978 | $21.90 | $109.02K | 73,163 |
| James B. Evans Chief Technical Officer | Dec 29, 2025 | Tax withholding | −4,978 | $21.90 | $109.02K | 69,419 |
| Erik J. Romslo Chief Legal Officer & Sec. | Dec 29, 2025 | Tax withholding | −3,319 | $21.90 | $72.69K | 93,870 |
| Nicholas L. O'Grady CEO, Director | Dec 29, 2025 | Gift | −2,500 | – | – | 218,652 |
| Nicholas L. O'Grady CEO, Director | Dec 29, 2025 | Tax withholding | −9,955 | $21.90 | $218.01K | 221,152 |
| Roy Ernest Easley Director | Dec 11, 2025 | Buy | +10,000 | $23.38 | $233.80K | 83,132 |
| Roy Ernest Easley Director | Dec 10, 2025 | Buy | +15,000 | $24.46 | $366.90K | 73,132 |
| Michael A. Frantz Director | Sep 30, 2025 | Award | +1,764 | – | – | 61,197 |
| William F. Kimble Director | Sep 30, 2025 | Award | +1,764 | – | – | 15,725 |
| Stuart G. Lasher Director | Sep 30, 2025 | Award | +1,764 | – | – | 64,155 |
| Roy Ernest Easley Director | Sep 30, 2025 | Award | +1,764 | – | – | 58,132 |
| Lisa Meier Director | Sep 30, 2025 | Award | +1,764 | – | – | 55,896 |
| Jennifer S. Pomerantz Director | Sep 30, 2025 | Award | +1,764 | – | – | 20,740 |
| Bahram Akradi Director | Sep 30, 2025 | Award | +5,645 | – | – | 1,677,230 |
| Roy Ernest Easley Director | Jun 30, 2025 | Award | +1,543 | – | – | 56,368 |
| Lisa Meier Director | Jun 30, 2025 | Award | +1,543 | – | – | 54,132 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Chad W. Allen Officer | Jun 2, 2025 | 6,000 | $163.32K | Jun 2, 2025 | stock bonus |
| Adam A. Dirlam Officer | Jun 2, 2025 | 17,160 | $463.32K | Jun 2, 2025 | stock bonus |
| Chad W. Allen Officer | Mar 3, 2025 | 6,000 | $168.00K | Mar 3, 2025 | stock bonus |
| Adam A. Dirlam Officer | Mar 3, 2025 | 17,160 | $187.69K | Mar 3, 2025 | stock bonus |
| Adam A. Dirlam Officer | Dec 3, 2024 | 20,992 | $909.37K | Dec 2, 2024 | stock bonus |
| Chad W. Allen Officer | Dec 3, 2024 | 8,000 | $346.56K | Dec 2, 2024 | stock bonus |
| Erik J. Romslo Officer | Dec 2, 2024 | 4,500 | $195.34K | Dec 2, 2024 | Restricted Stock Award |
| Chad W. Allen Officer | Aug 30, 2024 | 12,000 | $476.00K | Aug 30, 2024 | stock bonus |
| Adam A. Dirlam Officer | Aug 29, 2024 | 28,656 | $1.15M | Aug 29, 2024 | stock bonus |
| Erik J. Romslo Officer | Aug 23, 2024 | 4,500 | $157.50K | Aug 23, 2024 | Restricted Stock Award |
| Adam A. Dirlam Officer | Aug 1, 2024 | 1,596 | $65.76K | Aug 1, 2024 | Stock Bonus |
| Erik J. Romslo Officer | Jul 31, 2024 | 15,000 | $657.00K | Jul 31, 2024 | Restricted Stock Award |
| Nicholas L. O'Grady Officer | Jul 8, 2024 | 3,750 | $142.34K | Jul 8, 2024 | open market |
| Adam A. Dirlam Officer | May 1, 2024 | 9,024 | $359.61K | May 1, 2024 | stock bonus |
| Nicholas L. O'Grady Officer | Apr 4, 2024 | 3,750 | $153.00K | Apr 4, 2024 | open market |