SCHEDULE: Vanguard Group Reports 0% Stake in Northern Oil & Gas

The Vanguard Group filed an amended Schedule 13G, reporting 0% beneficial ownership in Northern Oil & Gas Inc. following an internal corporate realignment.

Summary

• The Vanguard Group filed an Amendment No. 1 to its Schedule 13G for Northern Oil & Gas Inc. Common Stock.
• The filing indicates that The Vanguard Group now beneficially owns 0.00 shares, representing 0% of the class.
• This change is due to an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It primarily reflects an administrative change in reporting structure for The Vanguard Group, not a direct positive or negative development for Northern Oil & Gas Inc.'s operational or financial performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Northern Oil & Gas Inc.'s future performance or operations.

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

StockSavvy.ai notes that internal corporate realignments, such as the one undertaken by The Vanguard Group, are administrative actions common among large, diversified asset management firms. This specific filing reflects a change in reporting structure for Vanguard rather than a shift in investment thesis regarding Northern Oil & Gas Inc. by the broader Vanguard complex.

Stakeholder Impact

• Shareholders of Northern Oil & Gas Inc. should be aware that while The Vanguard Group, Inc. as a single entity no longer reports beneficial ownership, the underlying shares are now reported by its subsidiaries, meaning the overall institutional ownership by Vanguard-affiliated entities may not have significantly changed.

Key Dates

Keywords

Northern Oil & Gas Inc., Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor