Northern Oil and Gas, Inc. (NYSE:NOG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Northern Oil and Gas, Inc. (NYSE:NOG) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,050 shares of the company’s stock after selling 700 shares during the period. Nisa Investment Advisors LLC’s holdings in Northern Oil and Gas were worth $150,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Northern Oil and Gas in the 2nd quarter worth about $31,000. Captrust Financial Advisors boosted its holdings in Northern Oil and Gas by 1,349.4% in the 2nd quarter. Captrust Financial Advisors now owns 1,145 shares of the company’s stock worth $29,000 after buying an additional 1,066 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Northern Oil and Gas in the 3rd quarter worth about $67,000. Covestor Ltd boosted its holdings in Northern Oil and Gas by 44,860.0% in the 3rd quarter. Covestor Ltd now owns 2,248 shares of the company’s stock worth $90,000 after buying an additional 2,243 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Northern Oil and Gas in the 4th quarter worth about $82,000. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Northern Oil and Gas news, insider James B. Evans sold 3,150 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $42.00, for a total value of $132,300.00. Following the completion of the transaction, the insider now owns 73,753 shares in the company, valued at $3,097,626. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider James B. Evans sold 3,150 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $42.00, for a total value of $132,300.00. Following the completion of the sale, the insider now directly owns 73,753 shares of the company’s stock, valued at $3,097,626. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Adam A. Dirlam sold 2,088 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $38.00, for a total transaction of $79,344.00. Following the completion of the sale, the president now directly owns 122,359 shares of the company’s stock, valued at $4,649,642. The disclosure for this sale can be found here. Insiders sold a total of 10,944 shares of company stock worth $436,614 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Northern Oil and Gas Stock Performance

NYSE:NOG opened at $42.50 on Friday. The company has a fifty day simple moving average of $38.00 and a two-hundred day simple moving average of $37.18. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 4.23 and a beta of 1.86. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.90. Northern Oil and Gas, Inc. has a 52 week low of $29.57 and a 52 week high of $43.64.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.03). The business had revenue of $543.40 million during the quarter, compared to analyst estimates of $555.31 million. Northern Oil and Gas had a return on equity of 40.86% and a net margin of 42.61%. The business’s revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. As a group, equities analysts anticipate that Northern Oil and Gas, Inc. will post 5.43 earnings per share for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 3.77%. Northern Oil and Gas’s dividend payout ratio (DPR) is 15.94%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NOG shares. Raymond James decreased their target price on shares of Northern Oil and Gas from $51.00 to $45.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Morgan Stanley raised their target price on shares of Northern Oil and Gas from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Citigroup decreased their target price on shares of Northern Oil and Gas from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $46.00 target price on shares of Northern Oil and Gas in a research note on Wednesday, March 6th. Finally, Piper Sandler raised their target price on shares of Northern Oil and Gas from $38.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.00.

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.