109,191 Shares in Northern Oil and Gas, Inc. $NOG Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 109,191 shares of the company’s stock, valued at approximately $3,192,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Northern Oil and Gas by 181.0% in the first quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock worth $33,000 after acquiring an additional 713 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Northern Oil and Gas by 429.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock valued at $43,000 after acquiring an additional 1,228 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Northern Oil and Gas by 85.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company’s stock valued at $44,000 after buying an additional 702 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Northern Oil and Gas by 572.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,682 shares of the company’s stock valued at $36,000 after purchasing an additional 1,432 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in shares of Northern Oil and Gas during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 98.80% of the company’s stock.

Insider Buying and Selling

In other Northern Oil and Gas news, Director Bahram Akradi bought 25,760 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $19.40 per share, with a total value of $499,744.00. Following the purchase, the director owned 1,713,444 shares of the company’s stock, valued at $33,240,813.60. This trade represents a 1.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Northern Oil and Gas Stock Performance

Shares of NOG traded up $0.71 on Tuesday, reaching $18.09. The company’s stock had a trading volume of 943,186 shares, compared to its average volume of 2,706,183. Northern Oil and Gas, Inc. has a 12-month low of $17.18 and a 12-month high of $31.28. The stock has a market capitalization of $1.97 billion, a P/E ratio of -2.84 and a beta of 0.69. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.53 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $22.03 and its two-hundred day simple moving average is $24.27.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Northern Oil and Gas had a negative net margin of 33.17% and a positive return on equity of 18.43%. The firm had revenue of $5.03 million during the quarter, compared to the consensus estimate of $511.38 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. Research analysts forecast that Northern Oil and Gas, Inc. will post 3.33 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, June 29th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, June 29th. Northern Oil and Gas’s payout ratio is presently -28.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NOG shares. Raymond James Financial set a $30.00 target price on shares of Northern Oil and Gas and gave the company an “outperform” rating in a report on Monday, June 15th. Wall Street Zen cut shares of Northern Oil and Gas from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Citigroup dropped their price target on shares of 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. Johnson Rice lowered Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 target price for the company. in a report on Wednesday, May 20th. Finally, Weiss Ratings lowered shares of Northern Oil and Gas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Northern Oil and Gas presently has an average rating of “Hold” and an average target price of $31.88.

Northern Oil and Gas Company Profile

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.