Northern Oil and Gas, Inc. $NOG Stake Lifted by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 280.8% during the third quarter, Holdings Channel.com reports. The fund owned 55,916 shares of the company’s stock after purchasing an additional 41,234 shares during the period. Advisors Asset Management Inc.’s holdings in Northern Oil and Gas were worth $1,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NOG. First Horizon Corp bought a new position in Northern Oil and Gas during the 3rd quarter valued at $27,000. Laurel Wealth Advisors LLC lifted its holdings in shares of Northern Oil and Gas by 2,736.1% in the second quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock valued at $29,000 after buying an additional 985 shares during the period. Jones Financial Companies Lllp boosted its stake in Northern Oil and Gas by 181.0% during the first quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock valued at $33,000 after buying an additional 713 shares in the last quarter. IFP Advisors Inc grew its holdings in Northern Oil and Gas by 315.7% during the second quarter. IFP Advisors Inc now owns 1,351 shares of the company’s stock worth $38,000 after acquiring an additional 1,026 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Northern Oil and Gas by 429.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock worth $43,000 after acquiring an additional 1,228 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Northern Oil and Gas Trading Up 3.4%

Shares of NYSE NOG opened at $25.94 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.05. Northern Oil and Gas, Inc. has a one year low of $19.88 and a one year high of $36.16. The business has a 50-day moving average price of $23.09 and a two-hundred day moving average price of $23.55. The firm has a market capitalization of $2.53 billion, a PE ratio of 14.66 and a beta of 1.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NOG shares. Morgan Stanley set a $24.00 price target on shares of Northern Oil and Gas and gave the company an “underweight” rating in a report on Friday, January 23rd. Royal Bank Of Canada cut their target price on shares of Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. Mizuho set a $29.00 price target on shares of Northern Oil and Gas in a research report on Wednesday, January 21st. Citigroup dropped their price target on 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Northern Oil and Gas in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.29.

About Northern Oil and Gas

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.