Vanguard Capital Management Acquires 5.04% Stake in Northern Oil & Gas Inc

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, disclosing a new 5.04% ownership stake in Northern Oil & Gas Inc (NOG). As of the event date of March 31, 2026, Vanguard reported beneficial ownership of 5,271,121 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 5,271,121 shares, while maintaining sole voting power over 767,004 shares. The investment was made in the ordinary course of business, with no intent to change or influence the control of the issuer. This position includes holdings across various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The reporting reflects a significant increase from a previous zero-percent ownership position, crossing the 5% regulatory threshold. Northern Oil & Gas Inc is headquartered in Minnetonka, Minnesota, and the securities reported are classified as common stock. No other single person's interest in these securities exceeds 5%.