Northern Oil and Gas, Inc. (NYSE:NOG) Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 544,955 shares of the company's stock after purchasing an additional 61,739 shares during the quarter. Kennedy Capital Management LLC owned 0.55% of Northern Oil and Gas worth $20,251,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Northern Oil and Gas by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 11,273,298 shares of the company's stock worth $418,916,000 after buying an additional 166,501 shares during the period. American Century Companies Inc. boosted its holdings in Northern Oil and Gas by 3.9% in the 4th quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock worth $242,937,000 after acquiring an additional 243,531 shares during the period. Geode Capital Management LLC grew its position in Northern Oil and Gas by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company's stock valued at $80,884,000 after acquiring an additional 100,761 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of Northern Oil and Gas by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company's stock valued at $78,590,000 after purchasing an additional 18,195 shares during the period. Finally, Channing Capital Management LLC lifted its position in shares of Northern Oil and Gas by 26.8% during the fourth quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company's stock worth $65,648,000 after purchasing an additional 373,917 shares in the last quarter. Hedge funds and other institutional investors own 98.80% of the company's stock.

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Insider Buying and Selling at Northern Oil and Gas

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

Northern Oil and Gas Stock Performance

Shares of Northern Oil and Gas stock traded down $0.02 during trading hours on Tuesday, reaching $22.68. The company's stock had a trading volume of 518,998 shares, compared to its average volume of 1,478,272. Northern Oil and Gas, Inc. has a one year low of $19.88 and a one year high of $44.31. The company's 50 day simple moving average is $29.76 and its 200 day simple moving average is $35.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 0.92. The stock has a market cap of $2.25 billion, a P/E ratio of 4.41 and a beta of 1.49.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its 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 company had revenue of $545.47 million during the quarter, compared to analyst estimates of $552.34 million. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. As a group, analysts expect that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Northern Oil and Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, March 28th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.94%. This is a boost 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 dividend payout ratio (DPR) is presently 35.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Capital One Financial downgraded shares of Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 21st. Truist Financial boosted their price target on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Piper Sandler lowered 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 note on Wednesday, January 29th. Bank of America cut their target price on Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada decreased their price target on shares of Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating for the company in a research report on Monday. One equities 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $44.78.

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.