Northern Oil and Gas, Inc. (NYSE:NOG) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its position in Northern Oil and Gas, Inc. (NYSE:NOG) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,240 shares of the company’s stock after buying an additional 2,370 shares during the period. Great Valley Advisor Group Inc.’s holdings in Northern Oil and Gas were worth $681,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Icon Wealth Advisors LLC acquired a new stake in Northern Oil and Gas during the 3rd quarter worth $828,000. Eagle Asset Management Inc. lifted its stake in shares of Northern Oil and Gas by 24.8% in the third quarter. Eagle Asset Management Inc. now owns 134,122 shares of the company’s stock worth $4,749,000 after buying an additional 26,649 shares in the last quarter. 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 acquiring an additional 103,314 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Northern Oil and Gas in the 3rd quarter valued at about $951,000. Finally, Jennison Associates LLC lifted its stake in 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 in the last quarter. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northern Oil and Gas

In related news, President Adam A. Dirlam sold 2,508 shares of the business’s 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 completion of the transaction, the president now directly owns 107,876 shares of the company’s stock, valued at $4,153,226. The trade was a 2.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Chad W. Allen sold 1,500 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $40.00, for a total value of $60,000.00. Following the completion of the sale, the chief financial officer now directly owns 83,792 shares in the company, valued at $3,351,680. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,508 shares of company stock valued at $248,113 in the last three months. 2.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NOG. Truist Financial upped their price target on Northern Oil and Gas from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada downgraded Northern Oil and Gas from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $43.00 to $45.00 in a research note on Wednesday, November 20th. StockNews.com cut shares of Northern Oil and Gas from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley cut their price objective 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 report on Monday, September 16th. Finally, Jefferies Financial Group assumed coverage on shares of Northern Oil and Gas in a report on Thursday, October 3rd. They issued a “buy” rating and a $53.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Northern Oil and Gas presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Northern Oil and Gas Stock Down 0.4 %

Northern Oil and Gas stock opened at $43.13 on Wednesday. The company has a market capitalization of $4.31 billion, a PE ratio of 5.18 and a beta of 1.80. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.23. Northern Oil and Gas, Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $43.80. The firm has a 50 day moving average price of $38.59 and a 200 day moving average price of $38.58.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 earnings per share for the quarter, beating 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 business had revenue of $753.64 million during the quarter, compared to analysts’ expectations of $540.23 million. During the same period in the previous year, the firm posted $1.73 earnings per share. The company’s revenue was up 140.0% on a year-over-year basis. Research analysts expect that Northern Oil and Gas, Inc. will post 5.42 earnings per share for the current year.

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.