Northern Oil and Gas Set to Join S&P SmallCap 600

On January 26, 2023, it was announced that Northern Oil and Gas (NYSE: NOG) will replace South Jersey Industries (NYSE: SJI) in the S&P SmallCap 600 index, effective before the market opens on February 2, 2023.

Rhea-AI Summary

On January 26, 2023, it was announced that Northern Oil and Gas (NYSE: NOG) will replace South Jersey Industries (NYSE: SJI) in the S&P SmallCap 600 index, effective before the market opens on February 2, 2023. This change comes as Infrastructure Investments Fund is acquiring South Jersey Industries, with the deal expected to finalize shortly, pending conditions. The addition of NOG to the index highlights its growing prominence in the energy sector.

Positive

• Northern Oil and Gas is being added to the S&P SmallCap 600 index.
• This inclusion reflects Northern Oil and Gas's growing market presence and credibility.

Negative

• None.

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News Market Reaction – NOG

The recorded move for NOG in the trading session of this news was +3.90%.

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NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Northern Oil and Gas Inc. (NYSE: NOG) will replace South Jersey Industries Inc. (NYSE: SJI) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, February 2. Infrastructure Investments Fund is acquiring South Jersey Industries in a deal expected to be completed soon pending final conditions.

Following is a summary of the change that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
February 2, 2023	S&P SmallCap 600	Addition	Northern Oil and Gas	NOG	Energy
	S&P SmallCap 600	Deletion	South Jersey Industries	SJI	Utilities

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View original content:https://www.prnewswire.com/news-releases/northern-oil-and-gas-set-to-join-sp-smallcap-600-301732048.html

SOURCE S&P Dow Jones Indices

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Northern Oil and Gas join the S&P SmallCap 600?

Northern Oil and Gas will join the S&P SmallCap 600 on February 2, 2023.

Which company is being replaced in the S&P SmallCap 600?

South Jersey Industries is being replaced by Northern Oil and Gas in the S&P SmallCap 600.

What is the ticker symbol for Northern Oil and Gas?

The ticker symbol for Northern Oil and Gas is NOG.

Who is acquiring South Jersey Industries?

South Jersey Industries is being acquired by Infrastructure Investments Fund.

What is the significance of joining the S&P SmallCap 600 for NOG?

Joining the S&P SmallCap 600 can enhance NOG's visibility to investors and potentially improve liquidity.