Choreo LLC Decreases Stock Position in Northern Oil and Gas, Inc. (NYSE:NOG)

Choreo LLC decreased its stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,983 shares of the company’s stock after selling 1,459 shares during the quarter. Choreo LLC’s holdings in Northern Oil and Gas were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NOG. Legacy Investment Solutions LLC purchased a new stake in shares of Northern Oil and Gas during the third quarter worth approximately $25,000. Signaturefd LLC increased its position in shares of Northern Oil and Gas by 100.5% in the 3rd quarter. Signaturefd LLC now owns 852 shares of the company’s stock valued at $30,000 after purchasing an additional 427 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Northern Oil and Gas by 177.2% in the 4th quarter. Blue Trust Inc. now owns 1,253 shares of the company’s stock valued at $44,000 after purchasing an additional 801 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Northern Oil and Gas by 23.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,372 shares of the company’s stock worth $51,000 after purchasing an additional 259 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Northern Oil and Gas by 122.6% during the third quarter. Covestor Ltd now owns 1,903 shares of the company’s stock worth $67,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 98.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NOG has been the topic of a number of analyst reports. Mizuho cut Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research note on Monday, December 16th. Piper Sandler lowered their price target on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada cut their price objective on shares of Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Truist Financial upped their target price on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the company a “buy” rating in a report on Monday, January 13th. One investment 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. According to data from MarketBeat.com, Northern Oil and Gas presently has an average rating of “Hold” and an average price target of $47.00.

Northern Oil and Gas Stock Up 1.8 %

Shares of NYSE:NOG opened at $35.12 on Friday. Northern Oil and Gas, Inc. has a 1-year low of $33.05 and a 1-year 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. The stock has a market cap of $3.51 billion, a P/E ratio of 4.22 and a beta of 1.81. The firm has a fifty day moving average price of $38.17 and a 200 day moving average price of $38.49.

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 dividend of $0.45 per share. This is an increase from Northern Oil and Gas’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 5.13%. Northern Oil and Gas’s dividend payout ratio is 20.17%.

Insider Buying and Selling

In related news, President Adam A. Dirlam sold 836 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $39.00, for a total transaction of $32,604.00. Following the completion of the sale, the president now directly owns 96,223 shares of the company’s stock, valued at $3,752,697. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

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.