Doliver Advisors LP Buys 1,490 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Doliver Advisors LP increased its stake in shares of Northern Oil and Gas, Inc. (NYSE:NOGFree Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,072 shares of the company’s stock after purchasing an additional 1,490 shares during the quarter. Doliver Advisors LP’s holdings in Northern Oil and Gas were worth $1,114,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NOG. Vanguard Group Inc. grew its stake in shares of Northern Oil and Gas by 36.4% during the fourth quarter. Vanguard Group Inc. now owns 10,587,536 shares of the company’s stock valued at $392,480,000 after purchasing an additional 2,827,642 shares during the last quarter. Invesco Ltd. lifted its holdings in Northern Oil and Gas by 19.0% in the third quarter. Invesco Ltd. now owns 3,786,176 shares of the company’s stock valued at $152,318,000 after buying an additional 605,197 shares during the period. American Century Companies Inc. lifted its holdings in Northern Oil and Gas by 27.0% in the third quarter. American Century Companies Inc. now owns 2,562,396 shares of the company’s stock valued at $103,085,000 after buying an additional 545,297 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Northern Oil and Gas by 30.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,375,710 shares of the company’s stock valued at $51,001,000 after buying an additional 324,958 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Northern Oil and Gas by 13.8% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,445,517 shares of the company’s stock valued at $58,153,000 after buying an additional 175,000 shares during the period. 98.80% of the stock is owned by institutional investors.

Northern Oil and Gas Stock Up 4.6 %

Northern Oil and Gas stock traded up $1.70 during mid-day trading on Monday, reaching $38.46. The company’s stock had a trading volume of 822,347 shares, compared to its average volume of 1,252,012. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 6.23 and a beta of 1.76. Northern Oil and Gas, Inc. has a 12 month low of $31.13 and a 12 month high of $43.75. The business’s 50 day simple moving average is $39.90 and its 200 day simple moving average is $37.72. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.96 and a current ratio of 0.96.

Northern Oil and Gas (NYSE:NOGGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Northern Oil and Gas had a net margin of 30.01% and a return on equity of 34.06%. The company had revenue of $396.35 million during the quarter, compared to the consensus estimate of $505.67 million. During the same quarter last year, the firm posted $1.76 EPS. The company’s quarterly revenue was down 31.9% on a year-over-year basis. As a group, research analysts anticipate that Northern Oil and Gas, Inc. will post 5.04 earnings per share for the current year.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, June 27th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Thursday, June 27th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 25.93%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Northern Oil and Gas from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Jefferies Financial Group increased their price objective on shares of Northern Oil and Gas from $45.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $46.00 target price on shares of Northern Oil and Gas in a report on Wednesday, March 6th. Morgan Stanley increased their target price on shares of Northern Oil and Gas from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, StockNews.com upgraded shares of Northern Oil and Gas from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.90.

Get Our Latest Stock Analysis on Northern Oil and Gas

Insider Activity

In other news, CEO Nicholas L. O’grady sold 3,750 shares of Northern Oil and Gas stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $40.98, for a total value of $153,675.00. Following the completion of the transaction, the chief executive officer now owns 228,082 shares of the company’s stock, valued at approximately $9,346,800.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, President Adam A. Dirlam sold 1,392 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $40.86, for a total transaction of $56,877.12. Following the completion of the sale, the president now owns 109,020 shares in the company, valued at approximately $4,454,557.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nicholas L. O’grady sold 3,750 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $40.98, for a total transaction of $153,675.00. Following the sale, the chief executive officer now owns 228,082 shares of the company’s stock, valued at approximately $9,346,800.36. The disclosure for this sale can be found here. Insiders sold a total of 8,292 shares of company stock valued at $342,852 in the last quarter. Company insiders own 2.80% of the company’s stock.

Northern Oil and Gas Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Northern Oil and Gas (NYSE:NOG)

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