James Investment Research Inc. Makes New Investment in Northern Oil and Gas, Inc. (NYSE:NOG)

James Investment Research Inc. acquired a new position in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,563 shares of the company's stock, valued at approximately $393,000.

A number of other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Northern Oil and Gas during the 3rd quarter worth approximately $25,000. Signaturefd LLC lifted its position in shares of Northern Oil and Gas by 100.5% during the 3rd quarter. Signaturefd LLC now owns 852 shares of the company's stock worth $30,000 after buying an additional 427 shares during the period. Blue Trust Inc. lifted its position in shares of Northern Oil and Gas by 177.2% during the 4th quarter. Blue Trust Inc. now owns 1,253 shares of the company's stock worth $44,000 after buying an additional 801 shares during the period. Avior Wealth Management LLC lifted its position in shares of Northern Oil and Gas by 23.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,372 shares of the company's stock worth $51,000 after buying an additional 259 shares during the period. Finally, Covestor Ltd lifted its position in shares of Northern Oil and Gas by 122.6% during the 3rd quarter. Covestor Ltd now owns 1,903 shares of the company's stock worth $67,000 after buying an additional 1,048 shares during the period. Institutional investors own 98.80% of the company's stock.

Insider Activity

In other news, President Adam A. Dirlam sold 836 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $39.00, for a total value of $32,604.00. Following the sale, the president now directly owns 96,223 shares in the company, valued at $3,752,697. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.80% of the company's stock.

Analyst Ratings Changes

NOG has been the subject of several analyst reports. Mizuho downgraded Northern Oil and Gas from an "outperform" rating to a "neutral" rating and set a $47.00 target price for the company. in a research report on Monday, December 16th. Royal Bank of Canada cut their price objective on Northern Oil and Gas from $45.00 to $40.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. Truist Financial lifted their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, Piper Sandler cut their price objective on Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $47.00.

Northern Oil and Gas Trading Up 0.2 %

Shares of Northern Oil and Gas stock traded up $0.08 during trading on Thursday, reaching $35.48. 2,015,264 shares of the company were exchanged, compared to its average volume of 1,392,541. Northern Oil and Gas, Inc. has a twelve month low of $33.17 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 firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 4.26 and a beta of 1.81. The business has a 50-day moving average price of $37.62 and a 200-day moving average price of $38.30.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.16). The firm had revenue of $545.47 million during the quarter, compared to the consensus estimate of $552.34 million. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. Sell-side analysts anticipate that Northern Oil and Gas, Inc. will post 5.27 EPS for the current fiscal year.

Northern Oil and Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, March 28th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.07%. This is a positive change from Northern Oil and Gas's previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 28th. Northern Oil and Gas's payout ratio is 20.17%.

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.