Jump Financial LLC Purchases Shares of 172,852 Northern Oil and Gas, Inc. (NYSE:NOG)

Jump Financial LLC purchased a new position in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 172,852 shares of the company's stock, valued at approximately $6,423,000. Jump Financial LLC owned about 0.17% of Northern Oil and Gas at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Stifel Financial Corp increased its holdings in shares of Northern Oil and Gas by 7.6% in the third quarter. Stifel Financial Corp now owns 87,254 shares of the company's stock valued at $3,090,000 after purchasing an additional 6,168 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Northern Oil and Gas by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company's stock worth $80,884,000 after acquiring an additional 100,761 shares during the period. GAMMA Investing LLC boosted its position in shares of Northern Oil and Gas by 21.0% during the 4th quarter. GAMMA Investing LLC now owns 2,120 shares of the company's stock valued at $79,000 after acquiring an additional 368 shares during the last quarter. Doliver Advisors LP grew its holdings in shares of Northern Oil and Gas by 2.9% in the fourth quarter. Doliver Advisors LP now owns 28,667 shares of the company's stock valued at $1,065,000 after purchasing an additional 800 shares during the period. Finally, Insight Wealth Strategies LLC increased its position in Northern Oil and Gas by 2.7% during the fourth quarter. Insight Wealth Strategies LLC now owns 28,550 shares of the company's stock worth $1,061,000 after purchasing an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NOG shares. Citigroup dropped their price target on shares of Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Royal Bank of Canada cut their target price on Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating for the company in a research note on Monday, April 14th. Piper Sandler decreased their price target on Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley cut their price objective on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Capital One Financial cut shares of Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Northern Oil and Gas has a consensus rating of "Hold" and an average price target of $44.78.

Insider Buying and Selling at Northern Oil and Gas

In other Northern Oil and Gas news, CEO Nicholas L. O'grady purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $27.48 per share, with a total value of $27,480.00. Following the completion of the acquisition, the chief executive officer now directly owns 226,189 shares of the company's stock, valued at $6,215,673.72. This trade represents a 0.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bahram Akradi acquired 40,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $28.03 per share, for a total transaction of $1,121,200.00. Following the acquisition, the director now owns 1,662,016 shares of the company's stock, valued at $46,586,308.48. This represents a 2.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.80% of the company's stock.

Northern Oil and Gas Stock Down 3.9 %

Shares of NYSE NOG traded down $0.94 during midday trading on Monday, hitting $23.25. The company's stock had a trading volume of 319,119 shares, compared to its average volume of 1,481,868. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.92 and a quick ratio of 1.23. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 4.52 and a beta of 1.49. The business's fifty day simple moving average is $28.78 and its two-hundred day simple moving average is $35.45. Northern Oil and Gas, Inc. has a 1 year low of $19.88 and a 1 year high of $44.31.

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 the consensus estimate of $1.27 by ($0.16). Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. The business had revenue of $545.47 million during the quarter, compared to analysts' expectations of $552.34 million. On average, equities analysts predict that Northern Oil and Gas, Inc. will post 5.18 EPS for the current year.

Northern Oil and Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, March 28th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Northern Oil and Gas's previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.74%. Northern Oil and Gas's payout ratio is currently 35.02%.

Northern Oil and Gas announced that its board has authorized a stock buyback plan on Tuesday, March 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

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.