10,039 Shares in Northern Oil and Gas, Inc. (NYSE:NOG) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd bought a new position in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,039 shares of the company's stock, valued at approximately $373,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 purchasing an additional 166,501 shares during the last quarter. American Century Companies Inc. raised its holdings in Northern Oil and Gas by 3.9% in the fourth quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock worth $242,937,000 after purchasing an additional 243,531 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Northern Oil and Gas by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,886 shares of the company's stock valued at $122,507,000 after buying an additional 68,631 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of Northern Oil and Gas by 0.9% during the 4th quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company's stock valued at $78,590,000 after buying an additional 18,195 shares in the last quarter. Finally, Channing Capital Management LLC grew its position in shares of Northern Oil and Gas by 26.8% in the 4th quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company's stock worth $65,648,000 after buying an additional 373,917 shares during the period. Hedge funds and other institutional investors own 98.80% of the company's stock.

Analyst Ratings Changes

NOG has been the topic of a number of recent research reports. Morgan Stanley cut their price objective on shares of Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Bank of America lifted their price objective on Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Friday. Mizuho dropped their target price on Northern Oil and Gas from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Citigroup reduced their price target on Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Finally, Raymond James reiterated a "strong-buy" rating on shares of Northern Oil and Gas in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Northern Oil and Gas has a consensus rating of "Hold" and a consensus target price of $39.67.

Insider Transactions at Northern Oil and Gas

In other news, Director Bahram Akradi purchased 40,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired 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 directly owns 1,662,016 shares of the company's stock, valued at $46,586,308.48. This trade represents a 2.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available 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 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 purchase, the chief executive officer now owns 226,189 shares of the company's stock, valued at approximately $6,215,673.72. This represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.90% of the company's stock.

Northern Oil and Gas Stock Performance

Shares of NOG traded up $0.14 during trading hours on Friday, hitting $26.98. The stock had a trading volume of 1,163,199 shares, compared to its average volume of 1,532,863. The firm has a market capitalization of $2.66 billion, a PE ratio of 5.25 and a beta of 1.47. 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 stock has a fifty day moving average price of $26.24 and a 200 day moving average price of $33.52. Northern Oil and Gas, Inc. has a 12 month low of $19.88 and a 12 month high of $44.31.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.21. The firm had revenue of $602.10 million for the quarter, compared to analysts' expectations of $568.87 million. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. The business's quarterly revenue was up 51.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 EPS. Analysts anticipate that Northern Oil and Gas, Inc. will post 5.18 EPS for the current year.

Northern Oil and Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, June 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Friday, June 27th. Northern Oil and Gas's dividend payout ratio (DPR) is currently 28.04%.

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

Northern Oil and Gas 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.