Signaturefd LLC Buys 3,947 Shares of Northern Oil and Gas, Inc. $NOG

Signaturefd LLC lifted its stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 365.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,027 shares of the company’s stock after acquiring an additional 3,947 shares during the quarter. Signaturefd LLC’s holdings in Northern Oil and Gas were worth $143,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Northern Oil and Gas by 25.3% during the 1st quarter. State of Alaska Department of Revenue now owns 97,025 shares of the company’s stock worth $2,932,000 after acquiring an additional 19,586 shares in the last quarter. American Century Companies Inc. raised its holdings in Northern Oil and Gas by 6.4% in the 1st quarter. American Century Companies Inc. now owns 6,953,377 shares of the company’s stock valued at $210,201,000 after acquiring an additional 415,781 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Northern Oil and Gas by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 494,508 shares of the company’s stock worth $14,949,000 after buying an additional 12,711 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Northern Oil and Gas by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,141,754 shares of the company’s stock worth $34,515,000 after buying an additional 82,855 shares in the last quarter. Finally, Motley Fool Asset Management LLC raised its holdings in shares of Northern Oil and Gas by 21.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 85,483 shares of the company’s stock worth $2,584,000 after buying an additional 14,945 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Trading Up 4.0%

Shares of Northern Oil and Gas stock opened at $25.06 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50-day moving average of $25.57 and a 200-day moving average of $26.89. Northern Oil and Gas, Inc. has a 52-week low of $19.88 and a 52-week high of $44.31. The stock has a market cap of $2.45 billion, a PE ratio of 4.14 and a beta of 1.61.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.50. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The business had revenue of $706.81 million during the quarter, compared to analysts’ expectations of $555.54 million. During the same quarter in the previous year, the company earned $1.46 EPS. The business’s revenue was up 26.0% on a year-over-year basis. As a group, sell-side analysts forecast that Northern Oil and Gas, Inc. will post 5.18 EPS for the current year.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas’s payout ratio is 29.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada dropped 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 report on Monday, July 14th. Mizuho reduced their price target on Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Saturday, September 27th. Morgan Stanley lowered Northern Oil and Gas from a “positive” rating to an “underweight” rating and reduced their target price for the stock from $29.00 to $27.00 in a report on Monday, August 18th. Finally, William Blair initiated coverage on Northern Oil and Gas in a report on Monday, August 25th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Northern Oil and Gas currently has an average rating of “Hold” and a consensus target price of $34.38.

About Northern Oil and Gas

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.