Northern Oil and Gas, Inc. (NYSE:NOG) Stock Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 14.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,050 shares of the company’s stock after selling 700 shares during the period. Nisa Investment Advisors LLC’s holdings in Northern Oil and Gas were worth $150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NOG. Quarry LP bought a new stake in shares of Northern Oil and Gas during the 2nd quarter valued at about $31,000. Captrust Financial Advisors boosted its stake in Northern Oil and Gas by 1,349.4% during the 2nd quarter. Captrust Financial Advisors now owns 1,145 shares of the company’s stock valued at $29,000 after purchasing an additional 1,066 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Northern Oil and Gas during the 3rd quarter valued at about $67,000. Covestor Ltd boosted its stake in Northern Oil and Gas by 44,860.0% during the 3rd quarter. Covestor Ltd now owns 2,248 shares of the company’s stock valued at $90,000 after purchasing an additional 2,243 shares during the period. Finally, State of Wyoming acquired a new position in Northern Oil and Gas during the 4th quarter valued at about $82,000. Institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Stock Performance

Shares of NOG opened at $42.50 on Friday. The company’s fifty day moving average is $38.00 and its 200-day moving average is $37.18. Northern Oil and Gas, Inc. has a 12 month low of $29.57 and a 12 month high of $43.64. The firm has a market cap of $4.29 billion, a price-to-earnings 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.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.03). Northern Oil and Gas had a return on equity of 40.86% and a net margin of 42.61%. The business had revenue of $543.40 million for the quarter, compared to analyst estimates of $555.31 million. During the same quarter last year, the company earned $1.43 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. Equities analysts expect that Northern Oil and Gas, Inc. will post 5.43 EPS for the current fiscal year.

Northern Oil and Gas Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Nicholas L. O’grady sold 3,750 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $40.98, for a total transaction of $153,675.00. Following the completion of the sale, the chief executive officer now directly owns 228,082 shares of the company’s stock, valued at approximately $9,346,800.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Northern Oil and Gas news, President Adam A. Dirlam sold 2,088 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $38.00, for a total value of $79,344.00. Following the completion of the sale, the president now directly owns 122,359 shares of the company’s stock, valued at approximately $4,649,642. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Nicholas L. O’grady sold 3,750 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $40.98, for a total transaction of $153,675.00. Following the completion of the sale, the chief executive officer now directly owns 228,082 shares of the company’s stock, valued at $9,346,800.36. The disclosure for this sale can be found here. In the last three months, insiders sold 10,944 shares of company stock valued at $436,614. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NOG shares. Raymond James reduced their price target on shares of Northern Oil and Gas from $51.00 to $45.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Jefferies Financial Group boosted their price target 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. Piper Sandler boosted their price target on shares of Northern Oil and Gas from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $46.00 price objective on shares of Northern Oil and Gas in a research note on Wednesday, March 6th. Finally, Truist Financial dropped their price objective on shares of Northern Oil and Gas from $56.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Northern Oil and Gas 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.