Campbell & CO Investment Adviser LLC Makes New $421,000 Investment in Northern Oil and Gas, Inc. $NOG

Campbell & CO Investment Adviser LLC bought a new position in Northern Oil and Gas, Inc. (NYSE:NOG) in the 2nd quarter, Holdings Channel.com reports. The firm bought 14,839 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in Northern Oil and Gas by 2.9% in the second quarter. Teacher Retirement System of Texas now owns 14,270 shares of the company’s stock valued at $405,000 after purchasing an additional 402 shares during the period. Signaturefd LLC increased its position in Northern Oil and Gas by 60.0% during the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company’s stock worth $33,000 after purchasing an additional 405 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Northern Oil and Gas by 133.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company’s stock worth $27,000 after buying an additional 545 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of Northern Oil and Gas by 3.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,300 shares of the company’s stock worth $583,000 after buying an additional 600 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Northern Oil and Gas by 200.3% in the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company’s stock valued at $27,000 after buying an additional 637 shares during the period. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho dropped their price objective on Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Northern Oil and Gas in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “underweight” rating and set a $26.00 price target (down from $27.00) on shares of Northern Oil and Gas in a research note on Tuesday, October 14th. Piper Sandler reiterated a “neutral” rating and issued a $25.00 price target (down previously from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Finally, Citigroup decreased their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Northern Oil and Gas currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Northern Oil and Gas Trading Up 0.9%

Shares of Northern Oil and Gas stock opened at $22.31 on Monday. Northern Oil and Gas, Inc. has a 1 year low of $19.88 and a 1 year high of $44.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50 day moving average price of $23.54 and a 200 day moving average price of $26.15. The company has a market capitalization of $2.18 billion, a P/E ratio of 3.68 and a beta of 1.48.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings results on Monday, March 6th. The company reported $1.06 earnings per share for the quarter. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%.The company had revenue of $319.19 million during the quarter. Sell-side analysts anticipate that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, December 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Tuesday, December 30th. Northern Oil and Gas’s dividend payout ratio is 101.69%.

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.