Northern Oil and Gas, Inc. (NYSE:NOG) Shares Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC increased its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 2.7% in the fourth quarter, Holdings Channel reports. The firm owned 28,550 shares of the company’s stock after purchasing an additional 751 shares during the period. Insight Wealth Strategies LLC’s holdings in Northern Oil and Gas were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in shares of Northern Oil and Gas by 11.0% during the second quarter. American Century Companies Inc. now owns 5,566,459 shares of the company’s stock worth $206,905,000 after buying an additional 552,645 shares during the period. Dimensional Fund Advisors LP raised its stake in Northern Oil and Gas by 45.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,521,924 shares of the company’s stock worth $93,744,000 after acquiring an additional 789,985 shares during the last quarter. Geode Capital Management LLC lifted its position in Northern Oil and Gas by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock worth $80,884,000 after acquiring an additional 100,761 shares during the period. Copeland Capital Management LLC lifted its position in Northern Oil and Gas by 0.6% during the 3rd quarter. Copeland Capital Management LLC now owns 2,096,714 shares of the company’s stock worth $74,245,000 after acquiring an additional 12,079 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Northern Oil and Gas by 11.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock valued at $34,902,000 after purchasing an additional 103,314 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NOG has been the subject of a number of research reports. Royal Bank of Canada downgraded Northern Oil and Gas from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $43.00 to $45.00 in a report on Wednesday, November 20th. Jefferies Financial Group assumed coverage on shares of Northern Oil and Gas in a research note on Thursday, October 3rd. They set a “buy” rating and a $53.00 price objective for the company. Truist Financial increased their price objective on shares of Northern Oil and Gas from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Mizuho downgraded shares of Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 target price for the company. in a research report on Monday, December 16th. Finally, Morgan Stanley cut their price target on Northern Oil and Gas from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.20.

Northern Oil and Gas Price Performance

Shares of NYSE:NOG traded up $0.23 during trading on Monday, reaching $38.53. 388,473 shares of the company’s stock traded hands, compared to its average volume of 793,882. The firm has a market cap of $3.85 billion, a PE ratio of 4.63 and a beta of 1.85. Northern Oil and Gas, Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $44.31. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $39.49 and a 200-day simple moving average of $38.62.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. Northern Oil and Gas had a return on equity of 27.52% and a net margin of 33.44%. The business had revenue of $753.64 million during the quarter, compared to analysts’ expectations of $540.23 million. During the same period in the previous year, the business earned $1.73 earnings per share. The business’s revenue was up 140.0% compared to the same quarter last year. As a group, analysts predict that Northern Oil and Gas, Inc. will post 5.4 earnings per share 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 31st. Shareholders of record on Monday, December 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Monday, December 30th. Northern Oil and Gas’s dividend payout ratio is presently 20.17%.

Northern Oil and Gas Company 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.