Hennion & Walsh Asset Management Inc. Has $1.14 Million Position in Northern Oil and Gas, Inc. (NYSE:NOG)

Hennion & Walsh Asset Management Inc. raised its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 11.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 30,532 shares of the company’s stock after purchasing an additional 3,239 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Northern Oil and Gas were worth $1,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position 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 valued at $93,744,000 after acquiring an additional 789,985 shares during the period. Geode Capital Management LLC boosted its position in shares of Northern Oil and Gas by 4.6% during the third quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock worth $80,884,000 after purchasing an additional 100,761 shares in the last quarter. Copeland Capital Management LLC grew 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 valued at $74,245,000 after buying an additional 12,079 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Northern Oil and Gas by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock valued at $34,902,000 after buying an additional 103,314 shares during the period. Finally, Hood River Capital Management LLC increased its position in shares of Northern Oil and Gas by 14.4% in the 2nd quarter. Hood River Capital Management LLC now owns 955,579 shares of the company’s stock valued at $35,519,000 after buying an additional 120,356 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Insiders Place Their Bets

In other news, President Adam A. Dirlam sold 836 shares of Northern Oil and Gas stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $39.00, for a total value of $32,604.00. Following the completion of the transaction, the president now owns 96,223 shares of the company’s stock, valued at $3,752,697. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 1,836 shares of company stock valued at $72,869 in the last 90 days. 2.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on NOG shares. Mizuho cut Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 target price for the company. in a research note on Monday, December 16th. Piper Sandler decreased their price objective on Northern Oil and Gas from $41.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 target price on shares of Northern Oil and Gas in a report on Friday, January 10th. Jefferies Financial Group started coverage on shares of Northern Oil and Gas in a report on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price target for the company. Finally, Truist Financial raised their price objective on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.50.

Northern Oil and Gas Stock Down 0.1 %

Northern Oil and Gas stock opened at $42.04 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84. Northern Oil and Gas, Inc. has a 1-year low of $31.13 and a 1-year high of $44.31. The company has a fifty day simple moving average of $40.04 and a 200 day simple moving average of $38.81. The company has a market cap of $4.20 billion, a P/E ratio of 5.05 and a beta of 1.85.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.20. The company had revenue of $753.64 million during the quarter, compared to analysts’ expectations of $540.23 million. Northern Oil and Gas had a return on equity of 27.52% and a net margin of 33.44%. Northern Oil and Gas’s revenue for the quarter was up 140.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 EPS. Research analysts anticipate that Northern Oil and Gas, Inc. will post 5.39 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Monday, December 30th. Northern Oil and Gas’s dividend payout ratio (DPR) is 20.17%.

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.