Northern Oil and Gas, Inc. (NYSE:NOG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 985,643 shares of the company's stock after purchasing an additional 103,314 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.99% of Northern Oil and Gas worth $34,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NOG. Signaturefd LLC raised its stake in shares of Northern Oil and Gas by 100.5% during the third quarter. Signaturefd LLC now owns 852 shares of the company's stock valued at $30,000 after acquiring an additional 427 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Northern Oil and Gas by 91.5% during the second quarter. GAMMA Investing LLC now owns 1,105 shares of the company's stock valued at $41,000 after acquiring an additional 528 shares in the last quarter. Quarry LP raised its stake in shares of Northern Oil and Gas by 338.8% during the second quarter. Quarry LP now owns 1,132 shares of the company's stock valued at $42,000 after acquiring an additional 874 shares in the last quarter. Covestor Ltd raised 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 valued at $67,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Northern Oil and Gas by 88.2% during the second quarter. Fifth Third Bancorp now owns 2,204 shares of the company's stock valued at $82,000 after acquiring an additional 1,033 shares in the last quarter. Institutional investors own 98.80% of the company's stock.

Wall Street Analyst Weigh In

NOG has been the subject of several research analyst reports. Royal Bank of Canada downgraded shares of Northern Oil and Gas from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from $43.00 to $45.00 in a research note on Wednesday, November 20th. 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 on the stock in a report on Monday, September 16th. Jefferies Financial Group initiated coverage on shares of Northern Oil and Gas in a report on Thursday, October 3rd. They set a "buy" rating and a $53.00 price objective on the stock. Truist Financial lifted their price objective on shares of Northern Oil and Gas from $44.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Mizuho initiated coverage on shares of Northern Oil and Gas in a report on Thursday, September 19th. They set an "outperform" rating and a $47.00 price objective on the stock. One 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.50.

Insider Activity

In related news, President Adam A. Dirlam sold 2,508 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were 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 in the company, valued at $4,153,226. The trade was a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Erik J. Romslo sold 1,500 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $35.26, for a total transaction of $52,890.00. Following the transaction, the insider now owns 105,713 shares of the company's stock, valued at $3,727,440.38. This represents a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,508 shares of company stock valued at $248,113 over the last ninety days. 2.80% of the stock is currently owned by insiders.

Northern Oil and Gas Stock Down 4.0 %

NYSE NOG traded down $1.75 on Wednesday, hitting $41.73. The stock had a trading volume of 1,418,775 shares, compared to its average volume of 1,305,572. The business's fifty day moving average price is $39.23 and its 200 day moving average price is $38.70. 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, Inc. has a 52-week low of $31.13 and a 52-week high of $44.31. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 5.22 and a beta of 1.85.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.20. The business had revenue of $753.64 million for the quarter, compared to analyst estimates of $540.23 million. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The business's revenue for the quarter was up 140.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 earnings per share. Equities research analysts anticipate that Northern Oil and Gas, Inc. will post 5.4 earnings per share for the current year.

Northern Oil and Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Monday, December 30th. Northern Oil and Gas's dividend payout ratio (DPR) is presently 20.17%.

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.