Mutual of America Capital Management LLC Has $16.36 Million Position in Northern Oil and Gas, Inc. (NYSE:NOG)

Mutual of America Capital Management LLC decreased its position in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 440,129 shares of the company’s stock after selling 1,098 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.44% of Northern Oil and Gas worth $16,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in Northern Oil and Gas by 23.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,372 shares of the company’s stock worth $51,000 after acquiring an additional 259 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Northern Oil and Gas by 9.1% in the 4th quarter. First Horizon Advisors Inc. now owns 3,473 shares of the company’s stock worth $129,000 after purchasing an additional 289 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of Northern Oil and Gas by 5.8% during the fourth quarter. Legato Capital Management LLC now owns 6,383 shares of the company’s stock worth $237,000 after purchasing an additional 349 shares during the period. GAMMA Investing LLC increased its holdings in Northern Oil and Gas by 21.0% in the fourth quarter. GAMMA Investing LLC now owns 2,120 shares of the company’s stock valued at $79,000 after purchasing an additional 368 shares during the last quarter. Finally, Easterly Investment Partners LLC lifted its stake in Northern Oil and Gas by 0.8% in the third quarter. Easterly Investment Partners LLC now owns 50,601 shares of the company’s stock valued at $1,792,000 after buying an additional 380 shares during the period. 98.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NOG. Citigroup decreased their target price on Northern Oil and Gas from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial boosted their price objective on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the company a “buy” rating in a report on Monday, January 13th. Capital One Financial downgraded shares of Northern Oil and Gas from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 21st. Mizuho cut shares of Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Monday, December 16th. Finally, Morgan Stanley set a $43.00 price target on shares of Northern Oil and Gas in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Northern Oil and Gas has an average rating of “Hold” and a consensus price target of $46.89.

Insider Buying and Selling at Northern Oil and Gas

In other news, President Adam A. Dirlam sold 836 shares of Northern Oil and Gas stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $39.00, for a total value of $32,604.00. Following the sale, the president now directly owns 96,223 shares in the company, valued at $3,752,697. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.

Northern Oil and Gas Stock Down 1.4 %

Shares of NOG stock opened at $31.47 on Friday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 6.12 and a beta of 1.82. Northern Oil and Gas, Inc. has a 12-month low of $31.16 and a 12-month high of $44.31. The firm has a fifty day moving average of $36.96 and a 200-day moving average of $38.08. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02.

Northern Oil and Gas (NYSE:NOG) last released its earnings results on Wednesday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.16). The firm had revenue of $545.47 million for the quarter, compared to the consensus estimate of $552.34 million. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. As a group, equities research analysts predict that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, March 28th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Northern Oil and Gas’s previous quarterly dividend of $0.42. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 35.02%.

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.