Allspring Global Investments Holdings LLC Has $52.10 Million Stock Position in Northern Oil and Gas, Inc. (NYSE:NOG)

Allspring Global Investments Holdings LLC increased its position in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,381,285 shares of the company's stock after acquiring an additional 21,754 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.38% of Northern Oil and Gas worth $52,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Northern Oil and Gas by 58.6% in the third quarter. GAMMA Investing LLC now owns 1,752 shares of the company's stock worth $62,000 after purchasing an additional 647 shares during the period. CWM LLC grew its holdings in Northern Oil and Gas by 24.8% in the 3rd quarter. CWM LLC now owns 2,237 shares of the company's stock valued at $79,000 after buying an additional 444 shares during the last quarter. Creative Planning increased its position in Northern Oil and Gas by 18.1% in the 3rd quarter. Creative Planning now owns 27,994 shares of the company's stock worth $991,000 after buying an additional 4,282 shares during the period. NBC Securities Inc. lifted its holdings in shares of Northern Oil and Gas by 3.4% during the third quarter. NBC Securities Inc. now owns 18,974 shares of the company's stock worth $671,000 after buying an additional 625 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Northern Oil and Gas in the third quarter valued at approximately $484,000. Institutional investors and hedge funds own 98.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Truist Financial raised their price target on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Mizuho lowered shares of Northern Oil and Gas from an "outperform" rating to a "neutral" rating and set a $47.00 price objective for the company. in a research report on Monday, December 16th. Finally, Royal Bank of Canada reduced their target price on shares of Northern Oil and Gas from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $47.00.

Insider Activity

In other news, President Adam A. Dirlam sold 836 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the president now owns 96,223 shares of the company's stock, valued at approximately $3,752,697. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.80% of the stock is owned by corporate insiders.

Northern Oil and Gas Price Performance

NYSE:NOG traded up $0.61 during mid-day trading on Monday, hitting $35.12. The company's stock had a trading volume of 1,307,240 shares, compared to its average volume of 1,433,516. Northern Oil and Gas, Inc. has a fifty-two week low of $33.05 and a fifty-two week high of $44.31. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average of $38.07 and a 200-day moving average of $38.41. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 4.22 and a beta of 1.81.

Northern Oil and Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.45 per share. This is a positive change from Northern Oil and Gas's previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Friday, March 28th. Northern Oil and Gas's dividend payout ratio is currently 21.61%.

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.