TRT Holdings Reduces Northern Oil & Gas (NOG) Position

By 247patrick Updated Nov 17, 12:41PM EST · Published Nov 17, 3:53AM EST

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

TRT Holdings Reduces Northern Oil & Gas (NOG) Position — © Funtay / iStock via Getty Images

Fintel reports that TRT Holdings Inc has filed a 13D/A form with the SEC disclosing ownership of 8,309,577 shares of Northern Oil & Gas, Inc. (NOG). This represents 9.7% of the company.

In their previous filing dated February 23, 2022 they reported 9,476,539 shares and 12.30% of the company, a decrease in shares of 12.31% and a decrease in total ownership of 2.60% (calculated as current – previous percent ownership).

Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.

What are other large shareholders doing?

Capital World Investors holds 6,054,000 shares representing 7.81% ownership of the company. No change in the last quarter.

State Street Corp holds 3,114,897 shares representing 4.02% ownership of the company. In it’s prior filing, the firm reported owning 3,423,896 shares, representing a decrease of 9.92%. The firm increased its portfolio allocation in NOG by 4.38% over the last quarter.

Invesco Ltd. holds 2,630,126 shares representing 3.39% ownership of the company. In it’s prior filing, the firm reported owning 2,667,524 shares, representing a decrease of 1.42%. The firm decreased its portfolio allocation in NOG by 89.48% over the last quarter.

Copeland Capital Management, LLC holds 2,146,303 shares representing 2.77% ownership of the company. In it’s prior filing, the firm reported owning 2,467,888 shares, representing a decrease of 14.98%. The firm decreased its portfolio allocation in NOG by 43.91% over the last quarter.

Westwood Holdings Group Inc holds 2,003,840 shares representing 2.58% ownership of the company. In it’s prior filing, the firm reported owning 2,049,658 shares, representing a decrease of 2.29%. The firm increased its portfolio allocation in NOG by 14.67% over the last quarter.

What is the overall institutional sentiment?

There are 511 funds or institutions reporting positions in Northern Oil & Gas, Inc.. This is an increase of 37 owner(s) or 7.81%.

Average portfolio weight of all funds dedicated to Northern Oil & Gas, Inc. is 0.2389%, an increase of 9.1945%. Total shares owned by institutions increased in the last three months by 1.16% to 79,936,884 shares.

Based on this information, institutional sentiment is bullish.

This article originally appeared on Fintel

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google