Cwm LLC Acquires 358 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Cwm LLC boosted its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOGGet Rating) by 46.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,132 shares of the company’s stock after buying an additional 358 shares during the period. Cwm LLC’s holdings in Northern Oil and Gas were worth $31,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in Northern Oil and Gas during the second quarter valued at $25,000. USA Financial Portformulas Corp bought a new stake in Northern Oil and Gas during the third quarter worth about $30,000. Captrust Financial Advisors lifted its stake in Northern Oil and Gas by 1,349.4% during the second quarter. Captrust Financial Advisors now owns 1,145 shares of the company’s stock worth $29,000 after purchasing an additional 1,066 shares during the last quarter. Byrne Asset Management LLC lifted its stake in Northern Oil and Gas by 97.0% during the third quarter. Byrne Asset Management LLC now owns 1,773 shares of the company’s stock worth $49,000 after purchasing an additional 873 shares during the last quarter. Finally, Heritage Wealth Management LLC bought a new stake in Northern Oil and Gas during the second quarter worth about $97,000. Institutional investors own 96.41% of the company’s stock.

Insider Activity at Northern Oil and Gas

In related news, CFO Chad W. Allen sold 2,642 shares of Northern Oil and Gas stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $38.04, for a total transaction of $100,501.68. Following the transaction, the chief financial officer now directly owns 49,387 shares of the company’s stock, valued at $1,878,681.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Northern Oil and Gas news, insider Erik J. Romslo sold 1,238 shares of Northern Oil and Gas stock in a transaction on Friday, November 4th. The shares were sold at an average price of $35.80, for a total value of $44,320.40. Following the transaction, the insider now directly owns 80,122 shares of the company’s stock, valued at $2,868,367.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Chad W. Allen sold 2,642 shares of Northern Oil and Gas stock in a transaction on Friday, November 11th. The stock was sold at an average price of $38.04, for a total transaction of $100,501.68. Following the completion of the transaction, the chief financial officer now directly owns 49,387 shares in the company, valued at $1,878,681.48. The disclosure for this sale can be found here. Insiders have sold a total of 337,990 shares of company stock valued at $12,705,441 over the last ninety days. 3.60% of the stock is owned by company insiders.

Northern Oil and Gas Stock Up 2.1 %

Shares of NYSE:NOG opened at $32.46 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.65. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 3.72, a PEG ratio of 0.17 and a beta of 1.97. Northern Oil and Gas, Inc. has a 12 month low of $20.02 and a 12 month high of $39.10. The company has a 50-day moving average price of $32.79 and a 200 day moving average price of $31.19.

Northern Oil and Gas (NYSE:NOGGet Rating) last issued its earnings results on Tuesday, November 8th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.10. The company had revenue of $534.05 million for the quarter, compared to analysts’ expectations of $412.87 million. As a group, equities research analysts predict that Northern Oil and Gas, Inc. will post 6.99 earnings per share for the current year.

Northern Oil and Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Thursday, December 29th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.70%. This is a positive change from Northern Oil and Gas’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, December 28th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 13.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NOG shares. Raymond James lowered their target price on Northern Oil and Gas from $60.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 4th. StockNews.com raised Northern Oil and Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Citigroup boosted their price target on Northern Oil and Gas from $36.00 to $46.00 in a report on Friday, November 25th. Bank of America upgraded Northern Oil and Gas from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday, January 6th. Finally, Northland Securities boosted their price target on Northern Oil and Gas from $50.00 to $60.00 in a report on Monday, November 14th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.20.

Northern Oil and Gas Profile

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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. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.

Further Reading

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

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