2 weeks Ago By Defense World Staff
Bokf Na boosted its position in shares of Northern Oil and Gas, Inc. ( NYSE:NOG – Free Report ) by 87.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 12,476 shares of the company’s stock after purchasing an additional 5,833 shares during the period. Bokf Na’s holdings in Northern Oil and Gas were worth $464,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of the company.
Private Advisor Group LLC grew its holdings in shares of Northern Oil and Gas by 37.9% in the 4th quarter. Private Advisor Group LLC now owns 8,437 shares of the company’s stock valued at $313,000 after acquiring an additional 2,319 shares in the last quarter.
Charles Schwab Investment Management Inc. lifted its holdings in Northern Oil and Gas by 11.3% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 734,485 shares of the company’s stock worth $27,227,000 after purchasing an additional 74,430 shares during the last quarter. Principal Securities Inc.
bought a new stake in Northern Oil and Gas in the 4th quarter valued at $42,000. Teacher Retirement System of Texas grew its stake in shares of Northern Oil and Gas by 12.2% in the fourth quarter.
Teacher Retirement System of Texas now owns 15,424 shares of the company’s stock valued at $572,000 after acquiring an additional 1,681 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Northern Oil and Gas by 30.9% during the fourth quarter.
Dimensional Fund Advisors LP now owns 1,375,710 shares of the company’s stock worth $51,001,000 after acquiring an additional 324,958 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.
Northern Oil and Gas Stock Performance Northern Oil and Gas stock opened at $34.89 on Tuesday. The company has a quick ratio of 0.
89, a current ratio of 0.89 and a debt-to-equity ratio of 0.91.
The stock has a market cap of $3.53 billion, a PE ratio of 5.65 and a beta of 1.
81. Northern Oil and Gas, Inc. has a 12-month low of $31.
13 and a 12-month high of $43.80. The business’s 50-day moving average price is $38.
54 and its two-hundred day moving average price is $39.12. Northern Oil and Gas Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st.
Shareholders of record on Friday, September 27th will be paid a dividend of $0.42 per share. This represents a $1.
68 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Friday, September 27th.
This is a boost from Northern Oil and Gas’s previous quarterly dividend of $0.40. Northern Oil and Gas’s payout ratio is presently 27.
23%. Insider Transactions at Northern Oil and Gas In related news, President Adam A. Dirlam sold 1,392 shares of the firm’s stock in a transaction on Monday, July 1st.
The stock was sold at an average price of $37.88, for a total transaction of $52,728.96.
Following the sale, the president now owns 107,628 shares of the company’s stock, valued at approximately $4,076,948.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink .
In other Northern Oil and Gas news, President Adam A. Dirlam sold 1,392 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $37.
88, for a total value of $52,728.96. Following the completion of the transaction, the president now directly owns 107,628 shares in the company, valued at $4,076,948.
64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CEO Nicholas L.
O’grady sold 3,750 shares of Northern Oil and Gas stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $38.01, for a total value of $142,537.
50. Following the sale, the chief executive officer now directly owns 224,332 shares in the company, valued at $8,526,859.32.
The disclosure for this sale can be found here . Company insiders own 2.80% of the company’s stock.
Analyst Upgrades and Downgrades A number of research analysts have issued reports on NOG shares. Morgan Stanley decreased 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. Truist Financial raised their price objective on Northern Oil and Gas from $54.00 to $55.
00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com cut Northern Oil and Gas from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
Royal Bank of Canada reissued an “outperform” rating and set a $46.00 target price on shares of Northern Oil and Gas in a report on Wednesday, July 3rd. Finally, Bank of America boosted their price target on Northern Oil and Gas from $48.
00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat, Northern Oil and Gas presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78. Read Our Latest Analysis on Northern Oil and Gas Northern Oil and Gas Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Northern Oil and Gas How to Use the MarketBeat Excel Dividend Calculator Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible What is a Dividend Harvesting Strategy and How Can Investors Profit from it? Roblox’s Growth Beyond Kids: Stock Set for Major Moves How to Calculate Options Profits 5 Oversold Stocks to Buy Right Now Want to see what other hedge funds are holding NOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Oil and Gas, Inc.
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