Heritage Family Offices LLP Invests $244,000 in Northern Oil and Gas, Inc. (NYSE:NOG)

Heritage Family Offices LLP acquired a new stake in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,561 shares of the company's stock, valued at approximately $244,000.

A number of other institutional investors have also modified their holdings of NOG. Dimensional Fund Advisors LP raised its position in shares of Northern Oil and Gas by 45.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,521,924 shares of the company's stock valued at $93,744,000 after buying an additional 789,985 shares during the last quarter. abrdn plc purchased a new stake in Northern Oil and Gas in the third quarter valued at approximately $17,096,000. Bridgewater Associates LP grew its holdings in Northern Oil and Gas by 135.6% in the third quarter. Bridgewater Associates LP now owns 511,170 shares of the company's stock valued at $18,101,000 after purchasing an additional 294,223 shares during the period. New York State Common Retirement Fund grew its holdings in Northern Oil and Gas by 41.4% in the third quarter. New York State Common Retirement Fund now owns 940,987 shares of the company's stock valued at $33,320,000 after purchasing an additional 275,704 shares during the period. Finally, Jennison Associates LLC grew its holdings in Northern Oil and Gas by 58.6% in the third quarter. Jennison Associates LLC now owns 521,115 shares of the company's stock valued at $18,453,000 after purchasing an additional 192,539 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 a number of recent analyst reports. Mizuho downgraded shares of Northern Oil and Gas from an "outperform" rating to a "neutral" rating and set a $47.00 target price for the company. in a report on Monday, December 16th. Piper Sandler lowered their target price on shares of Northern Oil and Gas from $41.00 to $37.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. Royal Bank of Canada restated a "sector perform" rating and issued a $45.00 target price on shares of Northern Oil and Gas in a report on Friday, January 10th. Truist Financial boosted their price objective on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Jefferies Financial Group began coverage on shares of Northern Oil and Gas in a research note on Thursday, October 3rd. They set a "buy" rating and a $53.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.50.

Insider Activity at Northern Oil and Gas

In other Northern Oil and Gas news, President Adam A. Dirlam sold 836 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $39.00, for a total transaction of $32,604.00. Following the sale, the president now directly owns 96,223 shares of the company's stock, valued at approximately $3,752,697. This 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 at the SEC website. Insiders have sold 1,836 shares of company stock valued at $72,869 over the last ninety days. Corporate insiders own 2.80% of the company's stock.

Northern Oil and Gas Stock Up 0.8 %

Shares of NYSE NOG traded up $0.34 during trading on Thursday, reaching $42.07. 1,191,203 shares of the stock were exchanged, compared to its average volume of 1,268,230. The business's 50-day moving average price is $39.99 and its 200 day moving average price is $38.75. Northern Oil and Gas, Inc. has a twelve month low of $31.13 and a twelve month high of $44.31. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 5.05 and a beta of 1.85.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.20. The firm had revenue of $753.64 million for the quarter, compared to analysts' expectations of $540.23 million. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The firm's quarterly revenue was up 140.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 earnings per share. As a group, equities analysts forecast that Northern Oil and Gas, Inc. will post 5.39 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.68 annualized dividend and a yield of 3.99%. Northern Oil and Gas's dividend payout ratio is presently 20.17%.

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.