Charles Schwab Investment Management Inc. Has $34.52 Million Position in Northern Oil and Gas, Inc. $NOG

Charles Schwab Investment Management Inc. boosted its position in Northern Oil and Gas, Inc. (NYSE:NOG) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,141,754 shares of the company’s stock after purchasing an additional 82,855 shares during the period. Charles Schwab Investment Management Inc. owned 1.16% of Northern Oil and Gas worth $34,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Northern Oil and Gas by 60.0% in the first quarter. Signaturefd LLC now owns 1,080 shares of the company’s stock valued at $33,000 after buying an additional 405 shares during the period. Van Den Berg Management I Inc. increased its stake in shares of Northern Oil and Gas by 1.2% in the fourth quarter. Van Den Berg Management I Inc. now owns 36,895 shares of the company’s stock valued at $1,371,000 after buying an additional 446 shares during the period. Byrne Asset Management LLC increased its stake in shares of Northern Oil and Gas by 54.9% in the first quarter. Byrne Asset Management LLC now owns 1,363 shares of the company’s stock valued at $41,000 after buying an additional 483 shares during the period. Fifth Third Bancorp increased its stake in shares of Northern Oil and Gas by 26.7% in the first quarter. Fifth Third Bancorp now owns 2,480 shares of the company’s stock valued at $75,000 after buying an additional 523 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Northern Oil and Gas by 127.7% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,489 shares of the company’s stock valued at $45,000 after buying an additional 835 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Northern Oil and Gas Stock Down 2.3%

Shares of NYSE:NOG opened at $23.79 on Tuesday. The business’s 50 day simple moving average is $28.36 and its two-hundred day simple moving average is $28.42. The firm has a market cap of $2.32 billion, a P/E ratio of 3.93 and a beta of 1.55. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. Northern Oil and Gas, Inc. has a 52-week low of $19.88 and a 52-week high of $44.31.

Northern Oil and Gas (NYSE:NOG) last posted its earnings results on Thursday, July 31st. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.50. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%. The company had revenue of $706.81 million for the quarter, compared to analyst estimates of $555.54 million. During the same quarter last year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, research analysts forecast that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 29.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada decreased their price target on Northern Oil and Gas from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Monday, July 14th. Raymond James Financial restated a “strong-buy” rating on shares of Northern Oil and Gas in a research report on Tuesday, May 13th. Mizuho cut their target price on Northern Oil and Gas from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 16th. Morgan Stanley lowered Northern Oil and Gas from a “positive” rating to an “underweight” rating and cut their target price for the company from $29.00 to $27.00 in a research report on Monday. Finally, Bank of America upped their target price on Northern Oil and Gas from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.89.

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.