American Century Companies Inc. Has $242.94 Million Position in Northern Oil and Gas, Inc. (NYSE:NOG)

American Century Companies Inc. grew its holdings in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,537,596 shares of the company's stock after purchasing an additional 243,531 shares during the quarter. American Century Companies Inc. owned about 6.55% of Northern Oil and Gas worth $242,937,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NOG. Natixis Advisors LLC boosted its holdings in Northern Oil and Gas by 10.0% during the third quarter. Natixis Advisors LLC now owns 90,715 shares of the company's stock worth $3,212,000 after buying an additional 8,259 shares during the last quarter. Pathstone Holdings LLC grew its holdings in Northern Oil and Gas by 16.3% during the third quarter. Pathstone Holdings LLC now owns 39,381 shares of the company's stock valued at $1,396,000 after purchasing an additional 5,524 shares during the period. Jennison Associates LLC increased its stake in Northern Oil and Gas by 58.6% in the third quarter. Jennison Associates LLC now owns 521,115 shares of the company's stock valued at $18,453,000 after purchasing an additional 192,539 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Northern Oil and Gas in the third quarter worth $951,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Northern Oil and Gas by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company's stock worth $34,902,000 after purchasing an additional 103,314 shares in the last quarter. Institutional investors own 98.80% of the company's stock.

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Northern Oil and Gas Stock Performance

Shares of NOG stock traded down $0.24 on Tuesday, reaching $30.70. The stock had a trading volume of 576,370 shares, compared to its average volume of 1,370,725. Northern Oil and Gas, Inc. has a 12 month low of $26.60 and a 12 month high of $44.31. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 5.97 and a beta of 1.84. The firm's 50-day moving average is $34.13 and its two-hundred day moving average is $36.96.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.16). The business 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%. On average, research analysts expect that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

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 issued a $0.45 dividend. This is an increase from Northern Oil and Gas's previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Friday, March 28th. Northern Oil and Gas's payout ratio is currently 35.02%.

Northern Oil and Gas announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NOG. Morgan Stanley set a $43.00 price target on Northern Oil and Gas in a report on Wednesday, January 22nd. 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 note on Monday, January 13th. Piper Sandler cut their price objective 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. Citigroup decreased their target price on shares of Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. 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 analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Northern Oil and Gas has a consensus rating of "Hold" and a consensus target price of $46.89.

Insider Activity

In other news, CEO Nicholas L. O'grady bought 1,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were bought 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 $6,215,673.72. This trade represents a 0.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Adam A. Dirlam sold 836 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $39.00, for a total value of $32,604.00. Following the transaction, the president now owns 96,223 shares in the company, valued at approximately $3,752,697. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.80% of the company's stock.

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.