New York State Teachers Retirement System Has $1.35 Million Position in Northern Oil and Gas, Inc. (NYSE:NOG)

New York State Teachers Retirement System boosted its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 36,429 shares of the company’s stock after buying an additional 643 shares during the period. New York State Teachers Retirement System’s holdings in Northern Oil and Gas were worth $1,350,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Northern Oil and Gas by 9.6% during the 2nd quarter. BlackRock Inc. now owns 11,963,727 shares of the company’s stock worth $410,595,000 after purchasing an additional 1,048,699 shares in the last quarter. Vanguard Group Inc. raised its stake in Northern Oil and Gas by 26.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,759,894 shares of the company’s stock worth $312,181,000 after buying an additional 1,635,739 shares during the period. State Street Corp boosted its holdings in Northern Oil and Gas by 12.3% in the first quarter. State Street Corp now owns 4,515,908 shares of the company’s stock worth $138,625,000 after acquiring an additional 494,969 shares in the last quarter. Invesco Ltd. grew its stake 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 acquiring an additional 605,197 shares during the period. Finally, American Century Companies Inc. grew its stake 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 acquiring an additional 545,297 shares during the period. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Northern Oil and Gas Price Performance

Shares of NYSE NOG opened at $42.45 on Thursday. The company has a market capitalization of $4.29 billion, a PE ratio of 4.23 and a beta of 1.86. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average price is $37.61 and its 200-day moving average price is $37.12. Northern Oil and Gas, Inc. has a twelve month low of $29.57 and a twelve month high of $43.64.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.03). The business had revenue of $543.40 million during the quarter, compared to analysts’ expectations of $555.31 million. Northern Oil and Gas had a return on equity of 40.86% and a net margin of 42.61%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. On average, equities analysts anticipate that Northern Oil and Gas, Inc. will post 5.31 EPS for the current year.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, March 27th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 15.94%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NOG shares. Morgan Stanley increased their target price on Northern Oil and Gas from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday. Citigroup dropped their price objective on shares of Northern Oil and Gas from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $46.00 target price on shares of Northern Oil and Gas in a report on Wednesday, March 6th. Truist Financial cut their price target on Northern Oil and Gas from $56.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Jefferies Financial Group increased their price objective on Northern Oil and Gas from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Northern Oil and Gas has a consensus rating of “Moderate Buy” and a consensus price target of $46.60.

Insider Buying and Selling

In other Northern Oil and Gas 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 sale, the chief executive officer now owns 228,082 shares of the company’s stock, valued at $9,346,800.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Northern Oil and Gas news, CEO Nicholas L. O’grady sold 3,750 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $40.98, for a total transaction of $153,675.00. Following the completion of the transaction, the chief executive officer now directly owns 228,082 shares of the company’s stock, valued at $9,346,800.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James B. Evans sold 3,150 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $42.00, for a total value of $132,300.00. Following the completion of the sale, the insider now directly owns 73,753 shares of the company’s stock, valued at $3,097,626. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,944 shares of company stock worth $436,614. Insiders own 3.60% of the company’s stock.

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.