Amalgamated Bank Boosts Stock Holdings in Northern Oil and Gas, Inc. (NYSE:NOG)

Amalgamated Bank lifted its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 29,290 shares of the company’s stock after acquiring an additional 1,108 shares during the quarter. Amalgamated Bank’s holdings in Northern Oil and Gas were worth $1,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in Northern Oil and Gas by 17.0% during the first quarter. Janney Montgomery Scott LLC now owns 9,992 shares of the company’s stock worth $396,000 after buying an additional 1,453 shares during the period. Empowered Funds LLC lifted its stake in shares of Northern Oil and Gas by 22.2% during the 1st quarter. Empowered Funds LLC now owns 25,523 shares of the company’s stock worth $1,013,000 after purchasing an additional 4,631 shares during the last quarter. Swiss National Bank lifted its stake in shares of Northern Oil and Gas by 1.1% during the 1st quarter. Swiss National Bank now owns 178,500 shares of the company’s stock worth $7,083,000 after purchasing an additional 2,000 shares during the last quarter. ProShare Advisors LLC boosted its position in Northern Oil and Gas by 7.3% during the first quarter. ProShare Advisors LLC now owns 17,822 shares of the company’s stock valued at $707,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Northern Oil and Gas in the first quarter valued at about $308,000. 98.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler decreased their price target on shares of Northern Oil and Gas from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Morgan Stanley decreased their target price on shares of Northern Oil and Gas from $42.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. StockNews.com lowered shares of Northern Oil and Gas from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Jefferies Financial Group assumed coverage on Northern Oil and Gas in a research report on Thursday, October 3rd. They set a “buy” rating and a $53.00 price target on the stock. Finally, Mizuho started coverage on Northern Oil and Gas in a research report on Thursday, September 19th. They issued an “outperform” rating and a $47.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.50.

Northern Oil and Gas Stock Down 0.2 %

Northern Oil and Gas stock opened at $40.58 on Thursday. Northern Oil and Gas, Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $43.80. The company has a market cap of $4.05 billion, a PE ratio of 4.90 and a beta of 1.80. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.23. The business’s 50-day simple moving average is $37.23 and its two-hundred day simple moving average is $38.50.

Northern Oil and Gas (NYSE:NOG) last issued its earnings results on Tuesday, November 5th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. Northern Oil and Gas had a return on equity of 27.52% and a net margin of 33.44%. The firm had revenue of $753.64 million for the quarter, compared to analyst estimates of $540.23 million. During the same quarter in the prior year, the firm earned $1.73 earnings per share. Northern Oil and Gas’s revenue for the quarter was up 140.0% on a year-over-year basis. Equities analysts anticipate that Northern Oil and Gas, Inc. will post 5.38 EPS for the current year.

Insider Transactions at Northern Oil and Gas

In related news, President Adam A. Dirlam sold 2,508 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $38.50, for a total transaction of $96,558.00. Following the completion of the transaction, the president now directly owns 107,876 shares in the company, valued at $4,153,226. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, President Adam A. Dirlam sold 2,508 shares of Northern Oil and Gas stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $38.50, for a total transaction of $96,558.00. Following the completion of the transaction, the president now directly owns 107,876 shares in the company, valued at approximately $4,153,226. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Chad W. Allen sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $40.00, for a total value of $60,000.00. Following the completion of the transaction, the chief financial officer now directly owns 83,792 shares of the company’s stock, valued at $3,351,680. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,508 shares of company stock worth $248,113 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

About Northern Oil and Gas

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.