Campbell & CO Investment Adviser LLC Buys Shares of 14,839 Northern Oil and Gas, Inc. $NOG

Campbell & CO Investment Adviser LLC purchased a new position in Northern Oil and Gas, Inc. (NYSE:NOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,839 shares of the company’s stock, valued at approximately $421,000.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Northern Oil and Gas by 6.4% during the first quarter. American Century Companies Inc. now owns 6,953,377 shares of the company’s stock worth $210,201,000 after buying an additional 415,781 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Northern Oil and Gas by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,141,754 shares of the company’s stock worth $34,515,000 after purchasing an additional 82,855 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in Northern Oil and Gas by 21.2% during the first quarter. Motley Fool Asset Management LLC now owns 85,483 shares of the company’s stock worth $2,584,000 after purchasing an additional 14,945 shares during the period. Edgestream Partners L.P. acquired a new position in Northern Oil and Gas in the 1st quarter valued at about $381,000. Finally, Public Sector Pension Investment Board grew its stake in shares of Northern Oil and Gas by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 314,890 shares of the company’s stock valued at $9,519,000 after buying an additional 67,491 shares during the period. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Northern Oil and Gas Trading Up 0.9%

NYSE:NOG opened at $22.31 on Monday. Northern Oil and Gas, Inc. has a 12-month low of $19.88 and a 12-month high of $44.31. The firm has a market cap of $2.18 billion, a PE ratio of 3.68 and a beta of 1.48. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $23.54 and a 200 day moving average price of $26.15.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings results on Monday, March 6th. The company reported $1.06 earnings per share (EPS) for the quarter. The company had revenue of $319.19 million during the quarter. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. Sell-side analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Tuesday, December 30th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 101.69%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northern Oil and Gas in a research report on Wednesday, October 8th. Citigroup reduced their target price on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. William Blair assumed coverage on Northern Oil and Gas in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. Mizuho cut their price objective on Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Finally, Piper Sandler restated 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.00.

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.