21,219 Shares in Northern Oil and Gas, Inc. (NYSE:NOG) Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC bought a new position in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,219 shares of the company's stock, valued at approximately $828,000.

A number of other large investors have also modified their holdings of NOG. Signaturefd LLC grew 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 boosted its stake in shares of Northern Oil and Gas by 91.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,105 shares of the company's stock valued at $41,000 after buying an additional 528 shares during the last quarter. Quarry LP grew its position 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 worth $42,000 after buying an additional 874 shares in the last quarter. Covestor Ltd raised its holdings in Northern Oil and Gas by 122.6% in 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 boosted its stake in Northern Oil and Gas by 88.2% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Northern Oil and Gas from a "hold" rating to a "sell" rating in a research report on Thursday, August 1st. Jefferies Financial Group initiated coverage on Northern Oil and Gas in a report on Thursday, October 3rd. They set a "buy" rating and a $53.00 target price on the stock. Morgan Stanley lowered their price target on Northern Oil and Gas from $42.00 to $39.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Royal Bank of Canada cut Northern Oil and Gas from an "outperform" rating to a "sector perform" rating and raised their price objective for the stock from $43.00 to $45.00 in a research note on Wednesday. Finally, Mizuho initiated coverage on shares of Northern Oil and Gas in a research note on Thursday, September 19th. They set an "outperform" rating and a $47.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $47.50.

Insider Activity

In other Northern Oil and Gas news, President Adam A. Dirlam sold 2,508 shares of the 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 approximately $4,153,226. This trade represents a 2.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Erik J. Romslo sold 1,500 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $35.26, for a total value of $52,890.00. Following the completion of the sale, the insider now directly owns 105,713 shares in the company, valued at $3,727,440.38. This represents a 1.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,508 shares of company stock valued at $248,113. Insiders own 2.80% of the company's stock.

Northern Oil and Gas Stock Performance

NOG stock traded up $0.86 during mid-day trading on Friday, reaching $43.20. The company had a trading volume of 1,309,713 shares, compared to its average volume of 1,199,331. Northern Oil and Gas, Inc. has a one year low of $31.13 and a one year high of $43.80. The stock has a market capitalization of $4.31 billion, a P/E ratio of 5.19 and a beta of 1.80. 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 stock's 50-day simple moving average is $38.28 and its two-hundred day simple moving average is $38.57.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.20. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The firm had revenue of $753.64 million for the quarter, compared to the consensus estimate of $540.23 million. During the same period last year, the firm posted $1.73 EPS. Northern Oil and Gas's quarterly revenue was up 140.0% compared to the same quarter last year. Research analysts anticipate that Northern Oil and Gas, Inc. will post 5.42 EPS for the current year.

Northern Oil and Gas Company 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.