Northern Oil and Gas, Inc. (NYSE:NOG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 11.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 985,643 shares of the company’s stock after acquiring an additional 103,314 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Northern Oil and Gas were worth $34,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in shares of Northern Oil and Gas in the 3rd quarter worth approximately $951,000. Jennison Associates LLC lifted its holdings in shares of Northern Oil and Gas by 58.6% in the 3rd quarter. Jennison Associates LLC now owns 521,115 shares of the company’s stock worth $18,453,000 after purchasing an additional 192,539 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Northern Oil and Gas by 16.3% in the 3rd quarter. Pathstone Holdings LLC now owns 39,381 shares of the company’s stock worth $1,396,000 after purchasing an additional 5,524 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Northern Oil and Gas by 10.0% in the 3rd quarter. Natixis Advisors LLC now owns 90,715 shares of the company’s stock worth $3,212,000 after purchasing an additional 8,259 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Northern Oil and Gas by 7.1% in the 3rd 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. Institutional investors own 98.80% of the company’s stock.

Insider Buying and Selling

In other news, insider Erik J. Romslo sold 1,500 shares of Northern Oil and Gas stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $35.26, for a total transaction of $52,890.00. Following the transaction, the insider now owns 105,713 shares in the company, valued at approximately $3,727,440.38. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Adam A. Dirlam sold 2,508 shares of Northern Oil and Gas stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $38.50, for a total value of $96,558.00. Following the transaction, the president now owns 107,876 shares in the company, valued at $4,153,226. This represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,508 shares of company stock worth $248,113 in the last three months. 2.80% of the stock is currently owned by insiders.

Northern Oil and Gas Stock Up 0.4 %

Shares of NOG stock opened at $43.49 on Wednesday. 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 stock has a market cap of $4.34 billion, a PE ratio of 5.22 and a beta of 1.85. The business’s fifty day moving average is $39.23 and its 200-day moving average is $38.70. Northern Oil and Gas, Inc. has a 1 year low of $31.13 and a 1 year high of $44.31.

Northern Oil and Gas (NYSE:NOG) last issued its earnings results on Tuesday, November 5th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.20. The business had revenue of $753.64 million for the quarter, compared to analysts’ expectations of $540.23 million. Northern Oil and Gas had a return on equity of 27.52% and a net margin of 33.44%. The company’s quarterly revenue was up 140.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. Equities analysts expect that Northern Oil and Gas, Inc. will post 5.4 earnings per share for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Monday, December 30th. Northern Oil and Gas’s payout ratio is 20.17%.

Analyst Ratings Changes

Several brokerages have weighed in on NOG. Morgan Stanley cut their target price on Northern Oil and Gas from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Truist Financial lifted their target price on Northern Oil and Gas from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler lifted their target price on Northern Oil and Gas from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Jefferies Financial Group began coverage on Northern Oil and Gas in a research note on Thursday, October 3rd. They set a “buy” rating and a $53.00 target price on the stock. Finally, Mizuho began coverage on Northern Oil and Gas in a research note on Thursday, September 19th. They set an “outperform” rating and a $47.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company 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.