First National Advisers LLC Makes New $344,000 Investment in Northern Oil and Gas, Inc. (NYSE:NOG)

Key Points

• First National Advisers LLC purchased 11,374 shares of Northern Oil and Gas, Inc., valued at approximately $344,000, during the first quarter.
• Northern Oil and Gas reported **$1.33 earnings per share** for its latest quarter, exceeding analysts' expectations of $1.12, with revenue increasing by **51.9%** compared to the previous year.
• The company declared a quarterly dividend of **$0.45 per share**, representing a **6.33% yield**, to be paid on July 31st to investors of record on June 27th.

First National Advisers LLC bought a new position in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,374 shares of the company's stock, valued at approximately $344,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Headlands Technologies LLC bought a new position in Northern Oil and Gas in the fourth quarter worth approximately $29,000. Signaturefd LLC raised its position in shares of Northern Oil and Gas by 60.0% in the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company's stock worth $33,000 after acquiring an additional 405 shares in the last quarter. Byrne Asset Management LLC raised its position in shares of Northern Oil and Gas by 54.9% in the 1st quarter. Byrne Asset Management LLC now owns 1,363 shares of the company's stock worth $41,000 after acquiring an additional 483 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Northern Oil and Gas by 127.7% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,489 shares of the company's stock worth $45,000 after purchasing an additional 835 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Northern Oil and Gas during the 1st quarter worth approximately $54,000. 98.80% of the stock is currently owned by institutional investors.

Northern Oil and Gas Price Performance

Northern Oil and Gas stock traded down $0.63 during trading on Thursday, reaching $27.98. The company had a trading volume of 622,310 shares, compared to its average volume of 1,809,068. The firm's 50-day simple moving average is $29.07 and its 200 day simple moving average is $29.88. Northern Oil and Gas, Inc. has a 1-year low of $19.88 and a 1-year high of $44.31. The firm has a market capitalization of $2.76 billion, a PE ratio of 4.36 and a beta of 1.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 0.92.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.21. Northern Oil and Gas had a net margin of 26.64% and a return on equity of 23.46%. The business had revenue of $602.10 million for the quarter, compared to analyst estimates of $568.87 million. During the same quarter last year, the business earned $1.28 earnings per share. The company's revenue for the quarter was up 51.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating on the stock in a report on Monday, July 14th. Piper Sandler upped their price target on shares of Northern Oil and Gas from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Citigroup upped their target price on Northern Oil and Gas from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Bank of America upped their target price on Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Northern Oil and Gas in a report 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.78.

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.