Engineers Gate Manager LP grew its stake in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 427.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 284,485 shares of the energy company’s stock after purchasing an additional 230,548 shares during the quarter. Engineers Gate Manager LP owned about 0.10% of Northern Oil & Gas worth $1,138,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of NOG. Northern Trust Corp increased its holdings in shares of Northern Oil & Gas by 19.9% during the 1st quarter. Northern Trust Corp now owns 173,931 shares of the energy company’s stock worth $345,000 after acquiring an additional 28,886 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Northern Oil & Gas during the 1st quarter worth approximately $147,000. Fisher Asset Management LLC acquired a new position in shares of Northern Oil & Gas during the 2nd quarter worth approximately $1,217,000. Creative Planning acquired a new position in shares of Northern Oil & Gas during the 2nd quarter worth approximately $247,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Northern Oil & Gas during the 2nd quarter worth approximately $1,943,000.
In related news, major shareholder Crestview Partners Iii Gp, L.P sold 2,865,329 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $3.49, for a total transaction of $9,999,998.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NOG stock opened at $3.04 on Friday. Northern Oil & Gas, Inc. has a twelve month low of $1.01 and a twelve month high of $4.49.
Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings data on Thursday, November 8th. The energy company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $102.27 million during the quarter, compared to analyst estimates of $119.05 million.
A number of research analysts recently weighed in on the company. Northland Securities set a $6.00 target price on Northern Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, August 1st. Stifel Nicolaus set a $4.00 target price on Northern Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, August 1st. Capital One Financial upgraded Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research upgraded Northern Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $4.00 price target for the company in a research note on Saturday, July 21st. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $4.17.
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Northern Oil & 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. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.
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