Northern Oil and Gas, Inc. $NOG Stock Holdings Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 280.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,916 shares of the company’s stock after buying an additional 41,234 shares during the quarter. Advisors Asset Management Inc. owned about 0.06% of Northern Oil and Gas worth $1,387,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NOG. DLD Asset Management LP raised its position in shares of Northern Oil and Gas by 42.9% during the 2nd quarter. DLD Asset Management LP now owns 25,000,000 shares of the company’s stock valued at $708,750,000 after acquiring an additional 7,500,000 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Northern Oil and Gas by 6.3% during the second quarter. Westfield Capital Management Co. LP now owns 1,740,304 shares of the company’s stock worth $49,338,000 after purchasing an additional 103,366 shares during the period. Tributary Capital Management LLC raised its holdings in shares of Northern Oil and Gas by 146.3% during the third quarter. Tributary Capital Management LLC now owns 1,312,256 shares of the company’s stock worth $32,544,000 after purchasing an additional 779,492 shares during the period. New York State Common Retirement Fund lifted its position in shares of Northern Oil and Gas by 3.2% in the 2nd quarter. New York State Common Retirement Fund now owns 1,127,257 shares of the company’s stock worth $31,958,000 after buying an additional 35,105 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Northern Oil and Gas by 80.2% in the 2nd quarter. Jennison Associates LLC now owns 924,629 shares of the company’s stock valued at $26,213,000 after buying an additional 411,457 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NOG shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Northern Oil and Gas in a research note on Thursday, January 22nd. Citigroup dropped 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 report on Monday, October 20th. Royal Bank Of Canada cut their price target on Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Mizuho set a $29.00 price objective on Northern Oil and Gas in a research note on Wednesday, January 21st. Finally, Morgan Stanley set a $24.00 target price on Northern Oil and Gas and gave the stock an “underweight” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Northern Oil and Gas currently has an average rating of “Hold” and a consensus target price of $29.29.

Northern Oil and Gas Trading Up 3.4%

Shares of NOG stock opened at $25.94 on Tuesday. Northern Oil and Gas, Inc. has a 1 year low of $19.88 and a 1 year high of $36.16. The firm has a market capitalization of $2.53 billion, a PE ratio of 14.66 and a beta of 1.01. The stock has a fifty day moving average of $23.09 and a two-hundred day moving average of $23.55. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.10 and a current ratio of 1.10.

Northern Oil and Gas Profile

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.