Yousif Capital Management LLC Has $1.39 Million Stake in Northern Oil and Gas, Inc. (NYSE:NOG)

Yousif Capital Management LLC decreased its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,448 shares of the company’s stock after selling 849 shares during the period. Yousif Capital Management LLC’s holdings in Northern Oil and Gas were worth $1,392,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Northern Oil and Gas by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock worth $80,884,000 after buying an additional 100,761 shares during the last quarter. Copeland Capital Management LLC boosted its position in Northern Oil and Gas by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company’s stock worth $78,590,000 after purchasing an additional 18,195 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Northern Oil and Gas by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock worth $34,902,000 after purchasing an additional 103,314 shares during the period. New York State Common Retirement Fund boosted its position in Northern Oil and Gas by 41.4% during the third quarter. New York State Common Retirement Fund now owns 940,987 shares of the company’s stock worth $33,320,000 after purchasing an additional 275,704 shares during the period. Finally, Emerald Advisers LLC boosted its position in shares of Northern Oil and Gas by 7.9% in the third quarter. Emerald Advisers LLC now owns 611,509 shares of the company’s stock valued at $21,654,000 after acquiring an additional 44,510 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NOG has been the subject of several research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price objective on shares of Northern Oil and Gas in a research report on Friday, January 10th. Truist Financial raised their target price on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Mizuho cut Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 target price for the company. in a research report on Monday, December 16th. Finally, Piper Sandler reduced their target price on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Northern Oil and Gas currently has a consensus rating of “Hold” and a consensus price target of $47.56.

Insider Activity

In related news, President Adam A. Dirlam sold 836 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $39.00, for a total value of $32,604.00. Following the transaction, the president now owns 96,223 shares in the company, valued at $3,752,697. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Northern Oil and Gas Stock Performance

Northern Oil and Gas stock opened at $35.16 on Thursday. Northern Oil and Gas, Inc. has a 52-week low of $32.35 and a 52-week high of $44.31. The firm has a market capitalization of $3.51 billion, a P/E ratio of 4.22 and a beta of 1.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a fifty day moving average price of $38.45 and a two-hundred day moving average price of $38.54.

Northern Oil and Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, March 28th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Northern Oil and Gas’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.12%. Northern Oil and Gas’s dividend payout ratio (DPR) is 21.61%.

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.