Northern Oil and Gas, Inc. $NOG Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 188.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,078 shares of the company’s stock after buying an additional 9,196 shares during the quarter. SG Americas Securities LLC’s holdings in Northern Oil and Gas were worth $399,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Pinnacle Holdings LLC purchased a new position in Northern Oil and Gas in the first quarter worth $28,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Northern Oil and Gas by 133.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company’s stock worth $27,000 after purchasing an additional 545 shares during the period. UMB Bank n.a. increased its holdings in shares of Northern Oil and Gas by 200.3% in the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company’s stock valued at $27,000 after purchasing an additional 637 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 valued at $33,000 after purchasing an additional 713 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Northern Oil and Gas by 315.7% during the second quarter. IFP Advisors Inc now owns 1,351 shares of the company’s stock worth $38,000 after buying an additional 1,026 shares in the last quarter. 98.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NOG shares. William Blair assumed coverage on shares of Northern Oil and Gas in a research report on Monday, August 25th. They set an “outperform” rating for the company. Mizuho reduced their price objective on Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Piper Sandler reiterated a “neutral” rating and set a $25.00 target price (down from $31.00) on shares of Northern Oil and Gas in a research report on Monday, August 4th. Morgan Stanley reissued an “underweight” rating and issued a $26.00 target price (down previously from $27.00) on shares of Northern Oil and Gas in a report on Tuesday, October 14th. Finally, Citigroup cut their price target on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.00.

Northern Oil and Gas Stock Performance

NYSE NOG opened at $22.02 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. Northern Oil and Gas, Inc. has a fifty-two week low of $19.88 and a fifty-two week high of $44.31. The business has a fifty day moving average of $22.89 and a 200-day moving average of $25.92. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 3.63 and a beta of 1.48.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Monday, March 6th. The company reported $1.06 EPS for the quarter. The firm had revenue of $319.19 million during the quarter. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%. As a group, analysts predict that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, December 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, December 30th. Northern Oil and Gas’s payout ratio is currently 101.69%.

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.