Farther Finance Advisors LLC Trims Holdings in Northern Oil and Gas, Inc. (NYSE:NOG)

Farther Finance Advisors LLC trimmed its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,742 shares of the company’s stock after selling 301 shares during the quarter. Farther Finance Advisors LLC’s holdings in Northern Oil and Gas were worth $132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Northern Oil and Gas by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 10,631,476 shares of the company’s stock valued at $421,857,000 after acquiring an additional 43,940 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Northern Oil and Gas during the first quarter valued at $1,046,000. Motley Fool Asset Management LLC increased its stake in shares of Northern Oil and Gas by 29.0% during the first quarter. Motley Fool Asset Management LLC now owns 72,533 shares of the company’s stock valued at $2,878,000 after buying an additional 16,302 shares during the period. Silvercrest Asset Management Group LLC increased its stake in shares of Northern Oil and Gas by 1.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 749,668 shares of the company’s stock valued at $29,747,000 after buying an additional 12,814 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in Northern Oil and Gas by 290.5% during the second quarter. Harbor Capital Advisors Inc. now owns 84,213 shares of the company’s stock valued at $3,130,000 after purchasing an additional 62,649 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NOG has been the subject of several recent analyst reports. StockNews.com downgraded Northern Oil and Gas from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Jefferies Financial Group initiated coverage on Northern Oil and Gas in a research report on Thursday, October 3rd. They set a “buy” rating and a $53.00 price target for the company. Mizuho began coverage on Northern Oil and Gas in a research report on Thursday, September 19th. They set an “outperform” rating and a $47.00 price target for the company. Truist Financial boosted their price objective on Northern Oil and Gas from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley lowered their price target on Northern Oil and Gas from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.50.

Insiders Place Their Bets

In other Northern Oil and Gas news, President Adam A. Dirlam sold 2,508 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $38.50, for a total transaction of $96,558.00. Following the sale, the president now owns 107,876 shares in the company, valued at $4,153,226. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Northern Oil and Gas news, CFO Chad W. Allen sold 1,500 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief financial officer now directly owns 83,792 shares of the company’s stock, valued at approximately $3,351,680. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Adam A. Dirlam sold 2,508 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $38.50, for a total value of $96,558.00. Following the sale, the president now directly owns 107,876 shares of the company’s stock, valued at $4,153,226. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,508 shares of company stock worth $248,113 in the last quarter. 2.80% of the stock is owned by company insiders.

Northern Oil and Gas Stock Performance

Shares of Northern Oil and Gas stock opened at $41.10 on Tuesday. Northern Oil and Gas, Inc. has a 52 week low of $31.13 and a 52 week high of $43.80. The business’s fifty day simple moving average is $37.15 and its 200-day simple moving average is $38.53. The firm has a market cap of $4.10 billion, a PE ratio of 4.91 and a beta of 1.80. The company has a quick ratio of 0.89, a current ratio of 1.23 and a debt-to-equity ratio of 0.84.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.20. Northern Oil and Gas had a return on equity of 27.52% and a net margin of 33.44%. The firm had revenue of $753.64 million for the quarter, compared to the consensus estimate of $540.23 million. During the same quarter in the previous year, the business earned $1.73 EPS. The company’s quarterly revenue was up 140.0% compared to the same quarter last year. Equities analysts forecast that Northern Oil and Gas, Inc. will post 5.38 earnings per share for the current year.

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.