Northern Oil & Gas, Inc. (NOG) Position Reduced by Bridgeway Capital Management Inc.

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Bridgeway Capital Management Inc. lessened its stake in Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 41.4% in the third quarter, Holdings Channel reports. The firm owned 199,600 shares of the energy company’s stock after selling 141,000 shares during the period. Bridgeway Capital Management Inc.’s holdings in Northern Oil & Gas were worth $798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Northern Oil & Gas by 2,892.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,170,515 shares of the energy company’s stock valued at $12,681,000 after purchasing an additional 3,064,550 shares during the last quarter. Caymus Capital Partners L.P. bought a new stake in Northern Oil & Gas in the third quarter valued at about $14,392,000. FMR LLC bought a new stake in Northern Oil & Gas in the third quarter valued at about $5,255,000. Sterling Investment Advisors Ltd. increased its holdings in Northern Oil & Gas by 63.5% in the third quarter. Sterling Investment Advisors Ltd. now owns 51,500 shares of the energy company’s stock valued at $206,000 after purchasing an additional 20,000 shares during the last quarter. Finally, American International Group Inc. increased its holdings in Northern Oil & Gas by 83.4% in the third quarter. American International Group Inc. now owns 129,028 shares of the energy company’s stock valued at $516,000 after purchasing an additional 58,668 shares during the last quarter.

NYSEAMERICAN:NOG opened at $2.41 on Friday. Northern Oil & Gas, Inc. has a 1 year low of $1.47 and a 1 year high of $4.49.

Northern Oil & Gas (NYSEAMERICAN:NOG) last posted its earnings results on Thursday, November 8th. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $102.27 million during the quarter, compared to analysts’ expectations of $119.05 million.

NOG has been the subject of a number of research analyst reports. Zacks Investment Research cut Northern Oil & Gas from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. SunTrust Banks reissued a “buy” rating and issued a $4.00 target price on shares of Northern Oil & Gas in a research note on Thursday, November 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Northern Oil & Gas has a consensus rating of “Buy” and an average price target of $4.17.

In other Northern Oil & Gas news, major shareholder Crestview Partners Iii Gp, L.P sold 2,865,329 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $3.49, for a total value of $9,999,998.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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About Northern Oil & 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. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

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Want to see what other hedge funds are holding NOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG).

Institutional Ownership by Quarter for Northern Oil & Gas (NYSEAMERICAN:NOG)

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