iSAM Funds UK Ltd Takes $373,000 Position in Northern Oil and Gas, Inc. (NYSE:NOG)

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

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Northern Oil and Gas during the 4th quarter worth $21,691,000. Channing Capital Management LLC increased its position in Northern Oil and Gas by 26.8% in 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 during the period. American Century Companies Inc. grew its position in shares of Northern Oil and Gas by 3.9% during the 4th quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock worth $242,937,000 after buying an additional 243,531 shares during the period. Natixis bought a new position in shares of Northern Oil and Gas in the 4th quarter worth $7,503,000. Finally, Ninepoint Partners LP bought a new position in Northern Oil and Gas during the 4th quarter worth approximately $7,432,000. Institutional investors own 98.80% of the company's stock.

Insider Buying and Selling

In related news, CEO Nicholas L. O'grady purchased 1,000 shares of Northern Oil and Gas stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $27.48 per share, for a total transaction of $27,480.00. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bahram Akradi acquired 40,000 shares of the company's stock in a transaction dated 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 acquisition, the director now directly owns 1,662,016 shares of the company's stock, valued at approximately $46,586,308.48. This trade represents a 2.47% increase in their position. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Mizuho lowered their price objective on shares of Northern Oil and Gas from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Raymond James reaffirmed a "strong-buy" rating on shares of Northern Oil and Gas in a research report on Tuesday, May 13th. Capital One Financial lowered Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a report on Friday, February 21st. Finally, Bank of America increased their price objective on Northern Oil and Gas from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $39.67.

Northern Oil and Gas Price Performance

NYSE NOG traded up $0.14 during trading on Monday, hitting $26.98. 1,163,199 shares of the company's stock were exchanged, compared to its average volume of 1,534,332. The company has a market cap of $2.66 billion, a PE ratio of 5.25 and a beta of 1.47. The company has a current ratio of 0.92, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02. Northern Oil and Gas, Inc. has a fifty-two week low of $19.88 and a fifty-two week high of $44.31. The stock's 50 day moving average price is $26.18 and its two-hundred day moving average price is $33.35.

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

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

Northern Oil and Gas Announces Dividend

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

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.