XTX Topco Ltd Purchases Shares of 8,473 Northern Oil and Gas, Inc. (NYSE:NOG)

XTX Topco Ltd purchased a new stake in Northern Oil and Gas, Inc. (NYSE:NOG) during the 1st quarter, Holdings Channel reports. The firm purchased 8,473 shares of the company’s stock, valued at approximately $256,000.

Several other large investors also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its stake in shares of Northern Oil and Gas by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,378 shares of the company’s stock valued at $386,000 after purchasing an additional 329 shares during the period. Signaturefd LLC increased its stake in shares of Northern Oil and Gas by 60.0% in the first quarter. Signaturefd LLC now owns 1,080 shares of the company’s stock valued at $33,000 after purchasing an additional 405 shares during the period. Van Den Berg Management I Inc. increased its stake in shares of Northern Oil and Gas by 1.2% in the fourth quarter. Van Den Berg Management I Inc. now owns 36,895 shares of the company’s stock valued at $1,371,000 after purchasing an additional 446 shares during the period. Byrne Asset Management LLC increased its stake in shares of Northern Oil and Gas by 54.9% in the first quarter. Byrne Asset Management LLC now owns 1,363 shares of the company’s stock valued at $41,000 after purchasing an additional 483 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Northern Oil and Gas by 26.7% in the first quarter. Fifth Third Bancorp now owns 2,480 shares of the company’s stock valued at $75,000 after purchasing an additional 523 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NOG. Piper Sandler reiterated a “neutral” rating and issued a $25.00 price objective (down from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Raymond James Financial reiterated a “strong-buy” rating on shares of Northern Oil and Gas in a report on Tuesday, May 13th. Citigroup increased their price objective on shares of Northern Oil and Gas from $34.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Mizuho decreased their price objective on shares of Northern Oil and Gas from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th. Finally, Bank of America increased their price objective on shares of Northern Oil and Gas from $29.00 to $33.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Northern Oil and Gas currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.11.

Northern Oil and Gas Trading Down 2.1%

Shares of NYSE:NOG opened at $23.98 on Tuesday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 3.96 and a beta of 1.55. Northern Oil and Gas, Inc. has a 1-year low of $19.88 and a 1-year high of $44.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day moving average price of $28.78 and a 200 day moving average price of $28.87.

Northern Oil and Gas (NYSE:NOG) last issued its earnings results on Thursday, July 31st. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.50. The firm had revenue of $706.81 million during the quarter, compared to analysts’ expectations of $555.54 million. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. On average, research analysts anticipate that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is 29.70%.

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.