SRS Capital Advisors Inc. Acquires 927 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

SRS Capital Advisors Inc. lifted its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 305.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,230 shares of the company’s stock after acquiring an additional 927 shares during the period. SRS Capital Advisors Inc.’s holdings in Northern Oil and Gas were worth $46,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Swiss National Bank increased its stake in Northern Oil and Gas by 1.6% during the 4th quarter. Swiss National Bank now owns 176,500 shares of the company’s stock worth $6,543,000 after acquiring an additional 2,700 shares during the period. Heritage Wealth Management LLC acquired a new position in Northern Oil and Gas in the fourth quarter valued at about $248,000. Great Valley Advisor Group Inc. acquired a new position in Northern Oil and Gas in the fourth quarter valued at about $782,000. Motley Fool Asset Management LLC lifted its position in Northern Oil and Gas by 8.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 56,231 shares of the company’s stock worth $2,084,000 after purchasing an additional 4,518 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Northern Oil and Gas by 11.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 67,362 shares of the company’s stock worth $2,497,000 after buying an additional 7,116 shares in the last quarter. 98.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NOG has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $46.00 price target on shares of Northern Oil and Gas in a report on Wednesday, March 6th. Citigroup dropped their price objective on shares of Northern Oil and Gas from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Friday. Piper Sandler upped their price target on shares of Northern Oil and Gas from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Jefferies Financial Group boosted their price objective on Northern Oil and Gas from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Finally, Morgan Stanley boosted their price target on Northern Oil and Gas from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.90.

Northern Oil and Gas Trading Up 0.7 %

NOG opened at $40.25 on Friday. Northern Oil and Gas, Inc. has a fifty-two week low of $29.57 and a fifty-two week high of $43.75. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 1.32. The company’s 50-day moving average is $39.61 and its 200 day moving average is $37.34. The firm has a market capitalization of $4.07 billion, a PE ratio of 6.52 and a beta of 1.84.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. Northern Oil and Gas had a net margin of 30.01% and a return on equity of 34.06%. The firm had revenue of $396.35 million during the quarter, compared to analyst estimates of $505.67 million. During the same quarter last year, the business posted $1.76 EPS. The company’s revenue for the quarter was down 31.9% on a year-over-year basis. As a group, research analysts predict that Northern Oil and Gas, Inc. will post 5.46 earnings per share for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Thursday, June 27th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, June 27th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 25.93%.

Insider Buying and Selling

In other Northern Oil and Gas news, CEO Nicholas L. O’grady sold 3,750 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $40.98, for a total value of $153,675.00. Following the completion of the sale, the chief executive officer now directly owns 228,082 shares of the company’s stock, valued at $9,346,800.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider James B. Evans sold 3,150 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $42.00, for a total value of $132,300.00. Following the completion of the transaction, the insider now directly owns 73,753 shares of the company’s stock, valued at $3,097,626. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas L. O’grady sold 3,750 shares of Northern Oil and Gas stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $40.98, for a total value of $153,675.00. Following the transaction, the chief executive officer now directly owns 228,082 shares of the company’s stock, valued at approximately $9,346,800.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,944 shares of company stock worth $436,614. 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.