Northern Oil and Gas, Inc. (NYSE:NOG) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its position in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 5.7% in the third quarter, HoldingsChannel.com reports. The firm owned 21,544 shares of the company’s stock after selling 1,308 shares during the period. Atria Investments Inc’s holdings in Northern Oil and Gas were worth $763,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NOG. Vanguard Group Inc. boosted its stake in Northern Oil and Gas by 0.4% during the first quarter. Vanguard Group Inc. now owns 10,631,476 shares of the company’s stock valued at $421,857,000 after buying an additional 43,940 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Northern Oil and Gas by 11.0% during the 2nd 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. Dimensional Fund Advisors LP grew its stake in shares of Northern Oil and Gas by 45.6% in the 2nd 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 last quarter. Copeland Capital Management LLC raised its holdings in shares of Northern Oil and Gas by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 2,096,714 shares of the company’s stock worth $74,245,000 after purchasing an additional 12,079 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Northern Oil and Gas by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 1,220,044 shares of the company’s stock valued at $45,349,000 after purchasing an additional 49,632 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on NOG shares. Jefferies Financial Group started coverage on shares of Northern Oil and Gas in a research report on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price target on the stock. StockNews.com cut Northern Oil and Gas from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Piper Sandler upped their target price on Northern Oil and Gas from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Monday. Mizuho initiated coverage on Northern Oil and Gas in a research note on Thursday, September 19th. They issued an “outperform” rating and a $47.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of Northern Oil and Gas from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Northern Oil and Gas presently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Insider Transactions at Northern Oil and Gas

In other Northern Oil and Gas news, President Adam A. Dirlam sold 2,508 shares of Northern Oil and Gas stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $38.50, for a total value of $96,558.00. Following the completion of the sale, the president now directly owns 107,876 shares in the company, valued at $4,153,226. The trade was a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Chad W. Allen sold 1,500 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00. Following the transaction, the chief financial officer now owns 83,792 shares in the company, valued at approximately $3,351,680. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,508 shares of company stock valued at $248,113. 2.80% of the stock is owned by insiders.

Northern Oil and Gas Trading Up 1.9 %

NYSE:NOG opened at $41.25 on Tuesday. The stock has a market cap of $4.12 billion, a PE ratio of 4.95 and a beta of 1.80. Northern Oil and Gas, Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $43.80. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50-day moving average is $37.51 and its two-hundred day moving average is $38.49.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The firm had revenue of $753.64 million for the quarter, compared to the consensus estimate of $540.23 million. During the same period in the previous year, the firm posted $1.73 earnings per share. The firm’s revenue was up 140.0% on a year-over-year basis. As a group, equities research analysts forecast that Northern Oil and Gas, Inc. will post 5.38 earnings per share for the current fiscal year.

Northern Oil and Gas Company 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.