5,400 Shares in Northern Oil and Gas, Inc. (NYSE:NOG) Bought by SNS Financial Group LLC

SNS Financial Group LLC purchased a new stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,400 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOG. Geode Capital Management LLC lifted its position in shares of Northern Oil and Gas by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock worth $80,884,000 after purchasing an additional 100,761 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Northern Oil and Gas by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company’s stock worth $78,590,000 after buying an additional 18,195 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Northern Oil and Gas by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,381,285 shares of the company’s stock valued at $52,102,000 after acquiring an additional 21,754 shares during the period. New York State Common Retirement Fund grew its stake in shares of Northern Oil and Gas by 13.9% in the fourth quarter. New York State Common Retirement Fund now owns 1,071,966 shares of the company’s stock worth $39,834,000 after acquiring an additional 130,979 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Northern Oil and Gas by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock worth $34,902,000 after acquiring an additional 103,314 shares during the period. 98.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NOG. Piper Sandler reduced their price target on shares of Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Truist Financial increased their target price on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Mizuho lowered Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research note on Monday, December 16th. Finally, Royal Bank of Canada reduced their price objective on Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.00.

Northern Oil and Gas Stock Up 0.2 %

NYSE NOG opened at $35.48 on Friday. Northern Oil and Gas, Inc. has a 1-year low of $33.17 and a 1-year high of $44.31. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 4.26 and a beta of 1.81. The stock’s 50 day moving average is $37.62 and its two-hundred day moving average is $38.30. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.16). Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The company had revenue of $545.47 million during the quarter, compared to analyst estimates of $552.34 million. Equities analysts forecast that Northern Oil and Gas, Inc. will post 5.27 earnings per share for the current fiscal year.

Northern Oil and Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, March 28th will be issued a $0.45 dividend. This is a positive change from Northern Oil and Gas’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 5.07%. Northern Oil and Gas’s dividend payout ratio is presently 20.17%.

Insider Buying and Selling

In other Northern Oil and Gas news, President Adam A. Dirlam sold 836 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $39.00, for a total transaction of $32,604.00. Following the sale, the president now directly owns 96,223 shares of the company’s stock, valued at approximately $3,752,697. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by corporate insiders.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.