Dana Investment Advisors Inc. Raises Stock Holdings in Northern Oil and Gas, Inc. $NOG

Dana Investment Advisors Inc. boosted its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 29.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 137,971 shares of the company’s stock after purchasing an additional 31,734 shares during the period. Dana Investment Advisors Inc.’s holdings in Northern Oil and Gas were worth $2,962,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Northern Oil and Gas by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 10,873,455 shares of the company’s stock worth $233,453,000 after purchasing an additional 141,499 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Northern Oil and Gas by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,941,662 shares of the company’s stock worth $122,563,000 after purchasing an additional 235,869 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Northern Oil and Gas by 9.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,899,017 shares of the company’s stock worth $47,096,000 after purchasing an additional 158,713 shares in the last quarter. Channing Capital Management LLC boosted its position in Northern Oil and Gas by 15.7% during the third quarter. Channing Capital Management LLC now owns 1,702,177 shares of the company’s stock worth $42,214,000 after purchasing an additional 230,899 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in Northern Oil and Gas during the fourth quarter worth approximately $25,492,000. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Trending Headlines about Northern Oil and Gas

Here are the key news stories impacting Northern Oil and Gas this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast for Northern Oil and Gas to $3.15 from $2.81, signaling improved earnings expectations. Northern Oil and Gas analyst estimate update
• Positive Sentiment: The firm also lifted multiple interim forecasts, including Q2 2026 EPS to $0.62, Q3 2026 EPS to $0.60, Q4 2026 EPS to $0.78, Q1 2027 EPS to $1.00, and Q2 2027 EPS to $0.74, reinforcing a more optimistic earnings outlook. Northern Oil and Gas analyst estimate update
• Positive Sentiment: Northern Oil and Gas declared a quarterly dividend of $0.45 per share, implying a 7.7% annualized yield, which may attract investors looking for income. Northern Oil and Gas dividend announcement
• Neutral Sentiment: Despite the upgrades, Zacks’ FY2028 EPS estimate was trimmed slightly to $3.02 from $3.06, which is a small offset to the otherwise positive tone. Northern Oil and Gas analyst estimate update

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings downgraded Northern Oil and Gas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Citigroup lowered their price target on Northern Oil and Gas from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley reiterated an “underweight” rating on shares of Northern Oil and Gas in a research report on Friday, March 27th. Piper Sandler increased their target price on Northern Oil and Gas from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Bank of America increased their target price on Northern Oil and Gas from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.33.

Northern Oil and Gas Price Performance

Shares of Northern Oil and Gas stock opened at $24.40 on Monday. The business has a 50 day simple moving average of $27.10 and a two-hundred day simple moving average of $24.67. Northern Oil and Gas, Inc. has a 12 month low of $20.18 and a 12 month high of $32.62. The stock has a market capitalization of $2.58 billion, a P/E ratio of -3.83 and a beta of 0.75. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.53 and a quick ratio of 0.53.

Northern Oil and Gas (NYSE:NOG) last announced its earnings results on Tuesday, April 28th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Northern Oil and Gas had a positive return on equity of 18.43% and a negative net margin of 33.17%.The business had revenue of $5.03 million during the quarter, compared to analysts’ expectations of $511.38 million. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. As a group, analysts predict that Northern Oil and Gas, Inc. will post 3.13 EPS for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, June 29th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.4%. Northern Oil and Gas’s dividend payout ratio is presently -28.26%.

About Northern Oil and Gas

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.