Cwm LLC Buys 444 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Cwm LLC boosted its stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 24.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,237 shares of the company’s stock after buying an additional 444 shares during the quarter. Cwm LLC’s holdings in Northern Oil and Gas were worth $79,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Northern Oil and Gas by 45.6% during the second 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 during the period. American Century Companies Inc. raised its stake in Northern Oil and Gas by 11.0% in the second quarter. American Century Companies Inc. now owns 5,566,459 shares of the company’s stock valued at $206,905,000 after purchasing an additional 552,645 shares in the last quarter. Capstone Investment Advisors LLC raised its stake in shares of Northern Oil and Gas by 8,679.3% during the first quarter. Capstone Investment Advisors LLC now owns 512,972 shares of the company’s stock worth $20,355,000 after acquiring an additional 507,129 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Northern Oil and Gas by 13.8% during the first quarter. Westfield Capital Management Co. LP now owns 1,749,749 shares of the company’s stock worth $69,430,000 after acquiring an additional 212,030 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Northern Oil and Gas during the first quarter worth approximately $7,780,000. Institutional investors own 98.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NOG. Mizuho started coverage on shares of Northern Oil and Gas in a report on Thursday, September 19th. They issued an “outperform” rating and a $47.00 target price on the stock. Morgan Stanley dropped their price target on shares of Northern Oil and Gas from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Truist Financial dropped their price target on shares of Northern Oil and Gas from $55.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Bank of America upped their target price on shares of Northern Oil and Gas from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group assumed coverage on shares of Northern Oil and Gas in a research note on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.80.

Northern Oil and Gas Trading Up 0.1 %

Shares of Northern Oil and Gas stock opened at $37.32 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a fifty day moving average price of $37.46 and a 200 day moving average price of $38.91. Northern Oil and Gas, Inc. has a 1 year low of $31.13 and a 1 year high of $43.80. The stock has a market cap of $3.77 billion, a PE ratio of 6.05 and a beta of 1.81.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.26. Northern Oil and Gas had a net margin of 27.37% and a return on equity of 31.90%. The company had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $542.28 million. During the same quarter in the previous year, the company earned $1.49 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities research analysts predict that Northern Oil and Gas, Inc. will post 5.44 earnings per share for the current year.

Northern Oil and Gas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Northern Oil and Gas’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 4.50%. Northern Oil and Gas’s payout ratio is presently 27.23%.

Insider Buying and Selling at Northern Oil and Gas

In other news, CFO Chad W. Allen sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $40.00, for a total value of $60,000.00. Following the sale, the chief financial officer now directly owns 83,792 shares of the company’s stock, valued at approximately $3,351,680. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Northern Oil and Gas news, CFO Chad W. Allen sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $40.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief financial officer now owns 83,792 shares in the company, valued at $3,351,680. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Adam A. Dirlam sold 2,508 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $38.50, for a total transaction of $96,558.00. Following the transaction, the president now owns 107,876 shares of the company’s stock, valued at $4,153,226. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,008 shares of company stock worth $228,013 in the last ninety days. 2.80% of the stock is owned by insiders.

About Northern Oil and 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. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.