Nisa Investment Advisors LLC Trims Stock Holdings in Northern Oil and Gas, Inc. $NOG

Nisa Investment Advisors LLC decreased its position in Northern Oil and Gas, Inc. (NYSE:NOG) by 22.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,851 shares of the company’s stock after selling 3,645 shares during the period. Nisa Investment Advisors LLC’s holdings in Northern Oil and Gas were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Northern Oil and Gas by 60.0% in the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company’s stock worth $33,000 after acquiring an additional 405 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Northern Oil and Gas by 133.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company’s stock valued at $27,000 after purchasing an additional 545 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Northern Oil and Gas by 3.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,300 shares of the company’s stock valued at $583,000 after purchasing an additional 600 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Northern Oil and Gas by 200.3% in the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company’s stock valued at $27,000 after purchasing an additional 637 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Northern Oil and Gas by 1.6% in the 2nd quarter. AlphaQuest LLC now owns 44,261 shares of the company’s stock valued at $1,255,000 after purchasing an additional 685 shares in the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Stock Up 3.5%

Northern Oil and Gas stock opened at $22.09 on Monday. Northern Oil and Gas, Inc. has a 1-year low of $19.88 and a 1-year high of $44.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $2.16 billion, a PE ratio of 3.64 and a beta of 1.61. The stock’s fifty day moving average is $24.37 and its two-hundred day moving average is $26.31.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Monday, March 6th. The company reported $1.06 earnings per share for the quarter. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%.The company had revenue of $319.19 million for the quarter. On average, sell-side analysts expect that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on NOG shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Northern Oil and Gas in a research note on Wednesday, October 8th. Morgan Stanley reiterated an “underweight” rating and issued a $26.00 price objective (down from $27.00) on shares of Northern Oil and Gas in a report on Tuesday, October 14th. Piper Sandler reiterated a “neutral” rating and issued a $25.00 price objective (down from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Citigroup decreased their price target on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, October 20th. Finally, William Blair assumed coverage on Northern Oil and Gas in a research note on Monday, August 25th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.00.

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.