Captrust Financial Advisors Acquires 6,163 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Captrust Financial Advisors raised its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 50.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,478 shares of the company’s stock after acquiring an additional 6,163 shares during the period. Captrust Financial Advisors’ holdings in Northern Oil and Gas were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NOG. American Century Companies Inc. grew its stake in Northern Oil and Gas by 11.0% in the 2nd quarter. American Century Companies Inc. now owns 5,566,459 shares of the company’s stock valued at $206,905,000 after buying an additional 552,645 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Northern Oil and Gas by 45.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,521,924 shares of the company’s stock worth $93,744,000 after purchasing an additional 789,985 shares in the last quarter. Copeland Capital Management LLC grew its holdings 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 valued at $74,245,000 after buying an additional 12,079 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Northern Oil and Gas by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 1,220,044 shares of the company’s stock valued at $45,349,000 after buying an additional 49,632 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Northern Oil and Gas by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock worth $34,902,000 after buying an additional 103,314 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Trading Down 1.2 %

NOG stock opened at $40.39 on Wednesday. Northern Oil and Gas, Inc. has a one year low of $31.13 and a one year high of $44.31. The company has a market capitalization of $4.03 billion, a PE ratio of 4.85 and a beta of 1.85. The company’s 50 day moving average price is $39.77 and its two-hundred day moving average price is $38.73. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.23.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.20. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The business had revenue of $753.64 million during the quarter, compared to the consensus estimate of $540.23 million. During the same period in the previous year, the firm posted $1.73 earnings per share. The firm’s revenue for the quarter was up 140.0% on a year-over-year basis. As a group, analysts predict that Northern Oil and Gas, Inc. will post 5.4 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.68 annualized dividend and a yield of 4.16%. Northern Oil and Gas’s payout ratio is 20.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NOG. Jefferies Financial Group started coverage on shares of Northern Oil and Gas in a report on Thursday, October 3rd. They set a “buy” rating and a $53.00 target price on the stock. Morgan Stanley dropped their price objective on Northern Oil and Gas from $42.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Piper Sandler raised their price target on Northern Oil and Gas from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Royal Bank of Canada lowered Northern Oil and Gas from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $43.00 to $45.00 in a report on Wednesday, November 20th. Finally, Mizuho assumed coverage on shares of Northern Oil and Gas in a research note on Thursday, September 19th. They issued an “outperform” rating and a $47.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Northern Oil and Gas has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Insiders Place Their Bets

In other Northern Oil and Gas news, President Adam A. Dirlam sold 2,508 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $38.50, for a total transaction of $96,558.00. Following the completion of the sale, the president now owns 107,876 shares of the company’s stock, valued at $4,153,226. This represents a 2.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Erik J. Romslo sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $35.26, for a total transaction of $52,890.00. Following the completion of the transaction, the insider now owns 105,713 shares in the company, valued at $3,727,440.38. The trade was a 1.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,508 shares of company stock valued at $248,113 in the last ninety days. Company insiders own 2.80% of the company’s stock.

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.