SG Americas Securities LLC Raises Stock Holdings in Northern Oil and Gas, Inc. $NOG

SG Americas Securities LLC boosted its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 499.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,809 shares of the company’s stock after purchasing an additional 351,490 shares during the quarter. SG Americas Securities LLC’s holdings in Northern Oil and Gas were worth $9,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Range Financial Group LLC grew its stake in Northern Oil and Gas by 5.3% in the 3rd quarter. Range Financial Group LLC now owns 9,736 shares of the company’s stock worth $241,000 after buying an additional 486 shares in the last quarter. First National Advisers LLC raised its position in shares of Northern Oil and Gas by 4.8% during the 3rd quarter. First National Advisers LLC now owns 12,665 shares of the company’s stock valued at $314,000 after buying an additional 580 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Northern Oil and Gas by 85.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company’s stock worth $44,000 after acquiring an additional 702 shares during the last quarter. Covestor Ltd grew its position in Northern Oil and Gas by 12.1% in the third quarter. Covestor Ltd now owns 6,510 shares of the company’s stock worth $161,000 after acquiring an additional 705 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Northern Oil and Gas by 181.0% in the first quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock worth $33,000 after acquiring an additional 713 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on NOG shares. Mizuho set a $29.00 target price on Northern Oil and Gas in a research note on Wednesday, January 21st. Royal Bank Of Canada cut their price objective on Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating for the company in a report on Tuesday, January 20th. Citigroup increased their price objective on Northern Oil and Gas from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Thursday, January 22nd. Finally, Bank of America boosted their target price on Northern Oil and Gas from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.00.

Northern Oil and Gas Stock Down 0.0%

Shares of NYSE:NOG opened at $30.81 on Monday. Northern Oil and Gas, Inc. has a 1 year low of $19.88 and a 1 year high of $32.62. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50-day moving average is $26.58 and its 200 day moving average is $24.17. The company has a market cap of $3.00 billion, a PE ratio of 93.37 and a beta of 0.96.

Northern Oil and Gas (NYSE:NOG) last posted its earnings results on Wednesday, February 25th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The firm had revenue of $610.18 million for the quarter, compared to analysts’ expectations of $524.98 million. Northern Oil and Gas had a return on equity of 19.74% and a net margin of 1.57%.The business’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share. Sell-side analysts anticipate that Northern Oil and Gas, Inc. will post 5.18 EPS for the current year.

Northern Oil and Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, March 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Monday, March 30th. Northern Oil and Gas’s dividend payout ratio is presently 545.45%.

Northern Oil and Gas Company Profile

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.