Northern Oil and Gas, Inc. (NYSE:NOG) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its position in Northern Oil and Gas, Inc. (NYSE:NOG) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,466 shares of the company’s stock after selling 503 shares during the quarter. Xponance Inc.’s holdings in Northern Oil and Gas were worth $226,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of Northern Oil and Gas during the 4th quarter valued at about $909,000. Avantax Advisory Services Inc. boosted its position in Northern Oil and Gas by 2.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 13,112 shares of the company’s stock valued at $487,000 after purchasing an additional 298 shares during the period. Swiss National Bank boosted its position in Northern Oil and Gas by 5.3% during the 4th quarter. Swiss National Bank now owns 187,100 shares of the company’s stock valued at $6,953,000 after purchasing an additional 9,500 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Northern Oil and Gas by 7.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,377 shares of the company’s stock valued at $386,000 after acquiring an additional 764 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Northern Oil and Gas during the 4th quarter valued at $345,000. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NOG shares. Mizuho dropped their price objective on Northern Oil and Gas from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday. Bank of America boosted their price objective on Northern Oil and Gas from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Royal Bank Of Canada dropped their price objective on Northern Oil and Gas from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Monday, July 14th. Citigroup boosted their target price on Northern Oil and Gas from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Morgan Stanley cut their target price on Northern Oil and Gas from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Northern Oil and Gas currently has a consensus rating of “Hold” and a consensus target price of $38.78.

Northern Oil and Gas Stock Performance

NOG opened at $27.24 on Friday. The company has a market cap of $2.69 billion, a PE ratio of 4.24 and a beta of 1.50. The stock has a 50-day moving average of $29.08 and a 200-day moving average of $30.41. Northern Oil and Gas, Inc. has a 52-week low of $19.88 and a 52-week high of $44.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 0.92.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.12 by $0.21. Northern Oil and Gas had a return on equity of 23.46% and a net margin of 26.64%. The firm had revenue of $602.10 million during the quarter, compared to analysts’ expectations of $568.87 million. During the same quarter in the prior year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 51.9% on a year-over-year basis. As a group, equities research analysts forecast that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, June 27th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 6.61%. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 28.04%.

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.