GAMMA Investing LLC Has $79,000 Position in Northern Oil and Gas, Inc. (NYSE:NOG)

GAMMA Investing LLC lifted its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,120 shares of the company’s stock after buying an additional 368 shares during the period. GAMMA Investing LLC’s holdings in Northern Oil and Gas were worth $79,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC lifted its stake in Northern Oil and Gas by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock worth $80,884,000 after acquiring an additional 100,761 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Northern Oil and Gas by 21.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,140 shares of the company’s stock valued at $3,546,000 after purchasing an additional 17,383 shares during the period. Hodges Capital Management Inc. increased its holdings in shares of Northern Oil and Gas by 4.9% in the 3rd quarter. Hodges Capital Management Inc. now owns 44,580 shares of the company’s stock valued at $1,579,000 after purchasing an additional 2,100 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of Northern Oil and Gas in the third quarter worth approximately $25,000. Finally, Stifel Financial Corp boosted its holdings in shares of Northern Oil and Gas by 7.6% during the third quarter. Stifel Financial Corp now owns 87,254 shares of the company’s stock worth $3,090,000 after purchasing an additional 6,168 shares during the period. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Insider Buying and Selling

In other Northern Oil and Gas news, President Adam A. Dirlam sold 836 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $39.00, for a total value of $32,604.00. Following the sale, the president now owns 96,223 shares of the company’s stock, valued at $3,752,697. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Northern Oil and Gas Price Performance

Shares of NYSE:NOG opened at $39.93 on Friday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 4.79 and a beta of 1.85. The business has a 50-day moving average of $39.79 and a two-hundred day moving average of $38.68. Northern Oil and Gas, Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $44.31. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.23.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $540.23 million. During the same period in the previous year, the company earned $1.73 EPS. The company’s revenue for the quarter was up 140.0% on a year-over-year basis. On average, equities research analysts predict that Northern Oil and Gas, Inc. will post 5.4 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be paid a $0.42 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.21%. Northern Oil and Gas’s payout ratio is presently 20.17%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of Northern Oil and Gas in a research note on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price target on shares of Northern Oil and Gas in a research note on Friday. Morgan Stanley reduced their price objective on 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. Truist Financial upped their target price on Northern Oil and Gas from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Mizuho lowered Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target for the company. in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

Northern Oil and Gas Company 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.