Copeland Capital Management LLC Sells 111,723 Shares of Northern Oil and Gas, Inc. $NOG

Copeland Capital Management LLC decreased its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,763,980 shares of the company’s stock after selling 111,723 shares during the quarter. Copeland Capital Management LLC owned about 1.81% of Northern Oil and Gas worth $43,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NOG. MassMutual Private Wealth & Trust FSB lifted 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 during the period. UMB Bank n.a. boosted its holdings in shares of Northern Oil and Gas by 200.3% during the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company’s stock valued at $27,000 after buying an additional 637 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in shares of Northern Oil and Gas by 2,736.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock worth $29,000 after buying an additional 985 shares during the period. Jones Financial Companies Lllp grew its position in shares of Northern Oil and Gas by 181.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock worth $33,000 after buying an additional 713 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Northern Oil and Gas by 315.7% in the 2nd quarter. IFP Advisors Inc now owns 1,351 shares of the company’s stock worth $38,000 after acquiring an additional 1,026 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NOG. Mizuho lifted their price objective on Northern Oil and Gas from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Wednesday, October 8th. Morgan Stanley reiterated an “underweight” rating and issued a $26.00 price target (down previously from $27.00) on shares of Northern Oil and Gas in a research note on Tuesday, October 14th. Finally, Citigroup cut their price objective on shares of 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. 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 stock. According to data from MarketBeat.com, Northern Oil and Gas has an average rating of “Hold” and an average target price of $33.25.

Northern Oil and Gas Stock Up 2.2%

NOG opened at $21.87 on Tuesday. The firm’s 50 day simple moving average is $22.19 and its two-hundred day simple moving average is $25.02. The company has a market capitalization of $2.13 billion, a PE ratio of 12.35 and a beta of 1.05. Northern Oil and Gas, Inc. has a 1-year low of $19.88 and a 1-year high of $42.35. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.05.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Monday, March 6th. The company reported $1.06 EPS for the quarter. The firm had revenue of $319.19 million during the quarter. Northern Oil and Gas had a return on equity of 20.61% and a net margin of 7.61%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, December 30th. Northern Oil and Gas’s payout ratio is presently 101.69%.

About Northern Oil and Gas

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.