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

American Century Companies Inc. raised 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 filing with the Securities & Exchange Commission. The institutional investor owned 6,537,596 shares of the company's stock after purchasing an additional 243,531 shares during the period. American Century Companies Inc. owned about 6.55% of Northern Oil and Gas worth $242,937,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NOG. Icon Wealth Advisors LLC bought a new position in shares of Northern Oil and Gas in the 3rd quarter worth about $828,000. Smartleaf Asset Management LLC grew its position in Northern Oil and Gas by 297.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,098 shares of the company's stock valued at $77,000 after buying an additional 1,570 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Northern Oil and Gas by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 481,797 shares of the company's stock valued at $17,904,000 after acquiring an additional 11,690 shares during the period. State of Alaska Department of Revenue boosted its stake in Northern Oil and Gas by 36.1% during the fourth quarter. State of Alaska Department of Revenue now owns 77,439 shares of the company's stock valued at $2,877,000 after buying an additional 20,550 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Northern Oil and Gas in the 4th quarter worth approximately $909,000. 98.80% of the stock is currently owned by institutional investors.

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Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms have commented on NOG. Capital One Financial lowered shares of Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 21st. Citigroup decreased their price target on 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. Piper Sandler decreased their price target on shares of Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada decreased their price objective on Northern Oil and Gas from $45.00 to $40.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Finally, Mizuho cut shares of Northern Oil and Gas from an "outperform" rating to a "neutral" rating and set a $47.00 price target for the company. in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Northern Oil and Gas presently has an average rating of "Hold" and an average price target of $46.33.

Northern Oil and Gas Trading Down 0.4 %

Shares of NYSE:NOG traded down $0.12 during midday trading on Thursday, hitting $30.83. The company had a trading volume of 1,322,308 shares, compared to its average volume of 1,368,992. The company has a current ratio of 0.92, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 6.00 and a beta of 1.84. The firm has a fifty day simple moving average of $33.70 and a 200 day simple moving average of $36.89. Northern Oil and Gas, Inc. has a 12 month low of $26.60 and a 12 month high of $44.31.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 24.41% and a net margin of 23.38%. The business had revenue of $545.47 million for the quarter, compared to analyst estimates of $552.34 million. On average, analysts predict that Northern Oil and Gas, Inc. will post 5.18 EPS for the current year.

Northern Oil and Gas declared that its Board of Directors has approved a share buyback program on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Northern Oil and Gas Increases Dividend

The company 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. This is a boost from Northern Oil and Gas's previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Friday, March 28th. Northern Oil and Gas's dividend payout ratio is currently 35.02%.

About Northern Oil and Gas

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.