First Trust Advisors LP bought a new stake in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,097,753 shares of the energy company’s stock, valued at approximately $2,481,000. First Trust Advisors LP owned approximately 0.28% of Northern Oil & Gas as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in Northern Oil & Gas by 729.4% during the second quarter. Northern Trust Corp now owns 1,442,528 shares of the energy company’s stock valued at $4,544,000 after acquiring an additional 1,268,597 shares during the period. Wells Fargo & Company MN raised its holdings in Northern Oil & Gas by 6,960.2% during the third quarter. Wells Fargo & Company MN now owns 1,028,460 shares of the energy company’s stock valued at $4,114,000 after acquiring an additional 1,013,893 shares during the period. SG Americas Securities LLC raised its holdings in Northern Oil & Gas by 8,202.4% during the third quarter. SG Americas Securities LLC now owns 1,491,522 shares of the energy company’s stock valued at $5,966,000 after acquiring an additional 1,473,557 shares during the period. Rhumbline Advisers raised its holdings in Northern Oil & Gas by 60.8% during the third quarter. Rhumbline Advisers now owns 178,995 shares of the energy company’s stock valued at $716,000 after acquiring an additional 67,684 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in Northern Oil & Gas during the third quarter valued at about $5,232,000.
Shares of NYSEAMERICAN NOG opened at $2.40 on Friday. Northern Oil & Gas, Inc. has a 1-year low of $1.47 and a 1-year high of $4.49.
Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its earnings results on Tuesday, March 12th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The business had revenue of $152.57 million for the quarter, compared to analysts’ expectations of $159.29 million.
A number of equities research analysts have commented on NOG shares. Zacks Investment Research raised Northern Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Imperial Capital set a $3.00 price target on Northern Oil & Gas and gave the company a “hold” rating in a report on Wednesday, January 23rd. SunTrust Banks reissued a “buy” rating and set a $4.00 price target on shares of Northern Oil & Gas in a report on Thursday, November 29th. Finally, TheStreet raised Northern Oil & Gas from a “d” rating to a “c” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $4.17.
In other Northern Oil & Gas news, major shareholder Crestview Partners Iii Gp, L.P sold 769,700 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $2.26, for a total transaction of $1,739,522.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 10,147,584 shares of company stock valued at $27,248,208 in the last 90 days.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2019/03/17/first-trust-advisors-lp-buys-new-stake-in-northern-oil-gas-inc-nog.html.
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.
Further Reading: How does new data get added to a blockchain?
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 & Gas, Inc. (NYSEAMERICAN:NOG).
Receive News & Ratings for Northern Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.