Pathstone Holdings LLC Has $1.40 Million Stake in Northern Oil and Gas, Inc. (NYSE:NOG)

Pathstone Holdings LLC lifted its position in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 16.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 39,381 shares of the company’s stock after purchasing an additional 5,524 shares during the quarter. Pathstone Holdings LLC’s holdings in Northern Oil and Gas were worth $1,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC boosted its position in Northern Oil and Gas by 10.0% during the 3rd quarter. Natixis Advisors LLC now owns 90,715 shares of the company’s stock worth $3,212,000 after acquiring an additional 8,259 shares during the last quarter. Empowered Funds LLC boosted its holdings in Northern Oil and Gas by 7.1% during the third quarter. Empowered Funds LLC now owns 62,094 shares of the company’s stock worth $2,199,000 after purchasing an additional 4,104 shares during the last quarter. Royce & Associates LP grew its position in Northern Oil and Gas by 2.2% in the third quarter. Royce & Associates LP now owns 341,849 shares of the company’s stock valued at $12,105,000 after purchasing an additional 7,390 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Northern Oil and Gas by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 190,068 shares of the company’s stock valued at $6,730,000 after buying an additional 25,580 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Northern Oil and Gas during the 3rd quarter worth about $397,000. Institutional investors and hedge funds own 98.80% of the company’s stock.

Northern Oil and Gas Price Performance

Northern Oil and Gas stock opened at $43.46 on Friday. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 5.22 and a beta of 1.80. The stock’s 50 day moving average is $38.86 and its 200-day moving average is $38.65. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84. Northern Oil and Gas, Inc. has a 12 month low of $31.13 and a 12 month high of $44.31.

Northern Oil and Gas (NYSE:NOG) last posted its earnings results on Tuesday, November 5th. The company reported $1.40 earnings per share for the quarter, topping 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 company had revenue of $753.64 million during the quarter, compared to the consensus estimate of $540.23 million. During the same quarter last year, the firm earned $1.73 earnings per share. The company’s revenue was up 140.0% on a year-over-year basis. Equities research analysts expect that Northern Oil and Gas, Inc. will post 5.42 EPS for the current year.

Northern Oil and Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.87%. Northern Oil and Gas’s payout ratio is presently 20.17%.

Insider Transactions at Northern Oil and Gas

In other news, President Adam A. Dirlam sold 2,508 shares of the stock in a transaction 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 sale, the president now directly owns 107,876 shares of the company’s stock, valued at approximately $4,153,226. This represents a 2.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Erik J. Romslo sold 1,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $35.26, for a total value of $52,890.00. Following the completion of the transaction, the insider now owns 105,713 shares in the company, valued at $3,727,440.38. The trade was a 1.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,508 shares of company stock valued at $248,113. 2.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price objective on Northern Oil and Gas from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, November 18th. StockNews.com lowered Northern Oil and Gas from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Jefferies Financial Group began coverage on Northern Oil and Gas in a report on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price objective for the company. Mizuho began coverage on shares of Northern Oil and Gas in a report on Thursday, September 19th. They set an “outperform” rating and a $47.00 target price on the stock. Finally, Morgan Stanley cut their price target 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 note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.50.

Northern Oil and Gas 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.