Insight Wealth Strategies LLC Increases Stock Holdings in Northern Oil and Gas, Inc. (NYSE:NOG)

Insight Wealth Strategies LLC boosted its stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,550 shares of the company’s stock after buying an additional 751 shares during the period. Insight Wealth Strategies LLC’s holdings in Northern Oil and Gas were worth $1,061,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Northern Oil and Gas by 1.5% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,201 shares of the company’s stock worth $822,000 after purchasing an additional 350 shares during the period. GAMMA Investing LLC grew its stake in shares of Northern Oil and Gas by 21.0% during the fourth quarter. GAMMA Investing LLC now owns 2,120 shares of the company’s stock valued at $79,000 after buying an additional 368 shares during the last quarter. Easterly Investment Partners LLC raised its holdings in shares of Northern Oil and Gas by 0.8% in the third quarter. Easterly Investment Partners LLC now owns 50,601 shares of the company’s stock worth $1,792,000 after buying an additional 380 shares during the period. Signaturefd LLC grew its position in Northern Oil and Gas by 100.5% in the 3rd quarter. Signaturefd LLC now owns 852 shares of the company’s stock valued at $30,000 after acquiring an additional 427 shares during the last quarter. Finally, CWM LLC increased its stake in Northern Oil and Gas by 24.8% in the third quarter. CWM LLC now owns 2,237 shares of the company’s stock worth $79,000 after purchasing an additional 444 shares during the period. Institutional investors own 98.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NOG shares. Royal Bank of Canada cut shares of Northern Oil and Gas from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $43.00 to $45.00 in a report on Wednesday, November 20th. Morgan Stanley reduced their target price 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 report on Monday, September 16th. Piper Sandler lowered their price target on Northern Oil and Gas from $41.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on Northern Oil and Gas in a report on Thursday, October 3rd. They set a “buy” rating and a $53.00 price objective on the stock. Finally, Mizuho cut Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 target price for the company. in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.20.

Northern Oil and Gas Stock Up 0.6 %

NOG traded up $0.23 on Monday, hitting $38.53. The company had a trading volume of 388,473 shares, compared to its average volume of 793,882. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 4.63 and a beta of 1.85. The stock has a fifty day moving average price of $39.49 and a 200-day moving average price of $38.62. Northern Oil and Gas, Inc. has a 12-month low of $31.13 and a 12-month high of $44.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.23.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.20 by $0.20. The firm had revenue of $753.64 million during the quarter, compared to analyst estimates of $540.23 million. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. Northern Oil and Gas’s revenue was up 140.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 EPS. Analysts predict that Northern Oil and Gas, Inc. will post 5.4 EPS for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a $0.42 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.36%. Northern Oil and Gas’s payout ratio is 20.17%.

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.