Boston Partners Purchases 50,581 Shares of Northern Oil and Gas, Inc. (NYSEAMERICAN:NOG)

Boston Partners raised its position in Northern Oil and Gas, Inc. (NYSEAMERICAN:NOGGet Rating) by 71.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 121,356 shares of the energy company’s stock after buying an additional 50,581 shares during the period. Boston Partners’ holdings in Northern Oil and Gas were worth $2,498,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Northern Oil and Gas by 92.5% in the 1st quarter. FMR LLC now owns 4,353,200 shares of the energy company’s stock valued at $11,928,000 after purchasing an additional 2,092,100 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Northern Oil and Gas in the 4th quarter valued at $19,447,000. Deprince Race & Zollo Inc. lifted its stake in shares of Northern Oil and Gas by 162.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,364,461 shares of the energy company’s stock valued at $29,199,000 after purchasing an additional 844,377 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Northern Oil and Gas by 33.7% in the 4th quarter. Copeland Capital Management LLC now owns 2,426,000 shares of the energy company’s stock valued at $49,927,000 after purchasing an additional 610,829 shares during the period. Finally, 12th Street Asset Management Company LLC acquired a new position in shares of Northern Oil and Gas in the 3rd quarter valued at $11,561,000. Hedge funds and other institutional investors own 88.47% of the company’s stock.

In other news, insider Michael D. Kelly sold 13,000 shares of the firm’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $28.34, for a total value of $368,420.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lisa Meier sold 12,500 shares of Northern Oil and Gas stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $25.88, for a total value of $323,500.00. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

NOG stock opened at $28.96 on Tuesday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -28.39, a PEG ratio of 0.51 and a beta of 2.25. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.66 and a quick ratio of 0.66. Northern Oil and Gas, Inc. has a 1 year low of $11.90 and a 1 year high of $30.44.

Northern Oil and Gas (NYSEAMERICAN:NOGGet Rating) last released its earnings results on Friday, February 25th. The energy company reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.07). Northern Oil and Gas had a negative return on equity of 351.74% and a net margin of 1.28%. During the same period in the prior year, the firm posted $0.64 EPS. As a group, sell-side analysts forecast that Northern Oil and Gas, Inc. will post 5.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Wednesday, March 30th will be issued a $0.14 dividend. This is a boost from Northern Oil and Gas’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, March 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.93%. Northern Oil and Gas’s dividend payout ratio (DPR) is presently -54.90%.

NOG has been the topic of several research analyst reports. Truist Financial raised their price objective on Northern Oil and Gas from $42.00 to $45.00 in a research note on Wednesday, January 26th. Royal Bank of Canada raised their price objective on Northern Oil and Gas from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 1st. TheStreet raised Northern Oil and Gas from a “d-” rating to a “c-” rating in a research note on Friday, February 25th. Johnson Rice raised Northern Oil and Gas from an “accumulate” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, March 15th. Finally, Piper Sandler raised their price objective on Northern Oil and Gas from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, April 7th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $36.20.

Northern Oil and Gas Company Profile (Get Rating)

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 Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.

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Institutional Ownership by Quarter for Northern Oil and Gas (NYSEAMERICAN:NOG)

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