SageView Advisory Group LLC Makes New Investment in Northern Oil and Gas, Inc. (NYSE:NOG)

SageView Advisory Group LLC bought a new stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,346 shares of the company’s stock, valued at approximately $357,000.

Several other large investors also recently modified their holdings of NOG. Principal Securities Inc. bought a new stake in Northern Oil and Gas during the fourth quarter worth about $42,000. TFO Wealth Partners LLC lifted its holdings in shares of Northern Oil and Gas by 112,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,122 shares of the company’s stock worth $42,000 after acquiring an additional 1,121 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Northern Oil and Gas by 305.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,230 shares of the company’s stock worth $46,000 after acquiring an additional 927 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Northern Oil and Gas by 74.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,175 shares of the company’s stock valued at $81,000 after acquiring an additional 930 shares during the last quarter. Finally, Assetmark Inc. raised its position in Northern Oil and Gas by 27.5% during the fourth quarter. Assetmark Inc. now owns 3,902 shares of the company’s stock valued at $145,000 after purchasing an additional 841 shares in the last quarter. 98.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Northern Oil and Gas

In other news, CEO Nicholas L. O’grady sold 3,750 shares of Northern Oil and Gas stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $38.01, for a total value of $142,537.50. Following the completion of the transaction, the chief executive officer now directly owns 224,332 shares of the company’s stock, valued at approximately $8,526,859.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Nicholas L. O’grady sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $38.01, for a total transaction of $142,537.50. Following the completion of the sale, the chief executive officer now owns 224,332 shares of the company’s stock, valued at approximately $8,526,859.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Adam A. Dirlam sold 1,392 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $37.88, for a total transaction of $52,728.96. Following the transaction, the president now directly owns 107,628 shares in the company, valued at $4,076,948.64. The disclosure for this sale can be found here. Insiders sold a total of 6,534 shares of company stock worth $252,144 over the last three months. 2.80% of the stock is owned by company insiders.

Northern Oil and Gas Trading Up 0.0 %

Shares of NOG stock traded up $0.01 during trading hours on Thursday, hitting $41.66. 963,162 shares of the company’s stock traded hands, compared to its average volume of 1,290,180. The stock has a market cap of $4.21 billion, a PE ratio of 6.75 and a beta of 1.79. The stock’s 50 day simple moving average is $38.91 and its 200 day simple moving average is $37.92. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. Northern Oil and Gas, Inc. has a 12 month low of $31.13 and a 12 month high of $43.75.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. The company had revenue of $396.35 million during the quarter, compared to the consensus estimate of $505.67 million. Northern Oil and Gas had a return on equity of 34.06% and a net margin of 30.01%. The firm’s revenue was down 31.9% compared to the same quarter last year. During the same period last year, the company earned $1.76 earnings per share. On average, sell-side analysts anticipate that Northern Oil and Gas, Inc. will post 4.97 EPS for the current year.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, June 27th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, June 27th. Northern Oil and Gas’s dividend payout ratio is currently 25.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial raised their target price on Northern Oil and Gas from $55.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Jefferies Financial Group lifted their target price on Northern Oil and Gas from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $46.00 target price on shares of Northern Oil and Gas in a report on Wednesday, July 3rd. Bank of America lifted their price target on shares of Northern Oil and Gas from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Morgan Stanley increased their price objective on shares of Northern Oil and Gas from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Northern Oil and Gas has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Northern Oil and Gas 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.