Northern Oil and Gas, Inc. (NYSE:NOG) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 10.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 90,715 shares of the company’s stock after buying an additional 8,259 shares during the period. Natixis Advisors LLC owned approximately 0.09% of Northern Oil and Gas worth $3,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NOG. Vanguard Group Inc. raised its stake in shares of Northern Oil and Gas by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 10,631,476 shares of the company’s stock valued at $421,857,000 after acquiring an additional 43,940 shares during the period. Silvercrest Asset Management Group LLC raised its position in Northern Oil and Gas by 1.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 749,668 shares of the company’s stock valued at $29,747,000 after purchasing an additional 12,814 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Northern Oil and Gas by 290.5% during the second quarter. Harbor Capital Advisors Inc. now owns 84,213 shares of the company’s stock worth $3,130,000 after purchasing an additional 62,649 shares in the last quarter. Boston Partners purchased a new stake in shares of Northern Oil and Gas in the first quarter worth about $885,000. Finally, American Century Companies Inc. grew its stake in shares of Northern Oil and Gas by 11.0% in the second quarter. American Century Companies Inc. now owns 5,566,459 shares of the company’s stock valued at $206,905,000 after buying an additional 552,645 shares in the last quarter. 98.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Adam A. Dirlam sold 2,508 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $38.50, for a total transaction of $96,558.00. Following the completion of the transaction, the president now directly owns 107,876 shares in the company, valued at $4,153,226. This represents a 2.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $60,000.00. Following the completion of the sale, the chief financial officer now directly owns 83,792 shares in the company, valued at $3,351,680. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,508 shares of company stock worth $248,113 over the last quarter. 2.80% of the stock is owned by company insiders.

Northern Oil and Gas Price Performance

Shares of NOG opened at $43.20 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 5.19 and a beta of 1.80. Northern Oil and Gas, Inc. has a 52 week low of $31.13 and a 52 week high of $43.80. The stock has a 50 day moving average of $38.28 and a 200-day moving average of $38.57.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $540.23 million. During the same quarter in the previous year, the company posted $1.73 earnings per share. The firm’s revenue was up 140.0% on a year-over-year basis. As a group, analysts forecast that Northern Oil and Gas, Inc. will post 5.42 EPS for the current year.

Analyst Ratings Changes

NOG has been the topic of several recent research reports. Mizuho began coverage on Northern Oil and Gas in a research report on Thursday, September 19th. They set an “outperform” rating and a $47.00 price target on the stock. Truist Financial upped their target price 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. Jefferies Financial Group started coverage on shares of Northern Oil and Gas in a research note on Thursday, October 3rd. They set a “buy” rating and a $53.00 price target on the stock. Royal Bank of Canada cut shares of Northern Oil and Gas from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $43.00 to $45.00 in a research report on Wednesday. Finally, StockNews.com cut Northern Oil and Gas from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.50.

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.