1,187,352 Shares in Northern Oil and Gas, Inc. $NOG Purchased by Deprince Race & Zollo Inc.

Key Points

• Deprince Race & Zollo opened a new position of 1,187,352 shares in Northern Oil and Gas (~$25.49M), now owning 1.22% of the company amid widespread institutional accumulation (institutional ownership ~98.8%).
• Northern Oil and Gas recently beat quarterly estimates (EPS $0.83 vs. $0.71) with revenue up 18.5%, but it trades at a high valuation (PE ~81.8) and announced a quarterly dividend of $0.45 (6.7% yield) despite a very high payout ratio (545.45%).
• Analyst sentiment is mixed: Zacks raised near‑term EPS forecasts but cut FY2028, brokers have varied price targets (average ~$31.71) and the consensus rating sits at "Hold."

Deprince Race & Zollo Inc. acquired a new position in 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 and Exchange Commission (SEC). The institutional investor acquired 1,187,352 shares of the company's stock, valued at approximately $25,492,000. Deprince Race & Zollo Inc. owned 1.22% of Northern Oil and Gas as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tributary Capital Management LLC lifted its holdings in Northern Oil and Gas by 146.3% in the 3rd quarter. Tributary Capital Management LLC now owns 1,312,256 shares of the company's stock valued at $32,544,000 after acquiring an additional 779,492 shares during the last quarter. Channing Capital Management LLC raised its holdings in Northern Oil and Gas by 15.7% during the 3rd quarter. Channing Capital Management LLC now owns 1,702,177 shares of the company's stock worth $42,214,000 after buying an additional 230,899 shares during the period. Campbell & CO Investment Adviser LLC increased its holdings in shares of Northern Oil and Gas by 390.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 72,721 shares of the company's stock valued at $1,803,000 after purchasing an additional 57,882 shares during the period. 12th Street Asset Management Company LLC increased its holdings in shares of Northern Oil and Gas by 20.0% in the 3rd quarter. 12th Street Asset Management Company LLC now owns 240,730 shares of the company's stock valued at $5,970,000 after purchasing an additional 40,181 shares during the period. Finally, Register Financial Advisors LLC increased its holdings in shares of Northern Oil and Gas by 364.4% in the 3rd quarter. Register Financial Advisors LLC now owns 104,547 shares of the company's stock valued at $2,593,000 after purchasing an additional 82,033 shares during the period. 98.80% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Northern Oil and Gas

Here are the key news stories impacting Northern Oil and Gas this week:

• Positive Sentiment: Zacks raised near‑term and medium‑term EPS forecasts across most quarters and years (multiple upward revisions to Q1–Q4 2026, FY2026, Q2–Q4 2027 and FY2027). That signals expectations for stronger cash flow and profitability versus prior views, which can support the share price and investor sentiment. MarketBeat NOG
• Positive Sentiment: Specifically, Zacks lifted Q1 2026 to $0.74 EPS (from $0.67) and raised FY2026 to $2.30 EPS (from $2.10), plus FY2027 to $2.81 — these upward revisions tighten near‑term estimates and reduce earnings risk for the next 12–18 months. What is Zacks Research's Estimate for NOG Q1 Earnings?
• Neutral Sentiment: Consensus and Zacks’ new numbers still sit against a relatively high valuation: NOG’s trailing PE is ~81.8 and the company’s current consensus full‑year figure cited is $5.18 — investors must weigh upgraded quarterly/near‑term prints against already elevated expectations. MarketBeat NOG
• Negative Sentiment: Zacks cut FY2028 EPS materially (to $3.06 from $3.95), which tempers the positive near‑term story and suggests either slower longer‑term growth assumptions or expected margin pressure thereafter. That downgrade is a potential headwind for the stock if investors focus on multi‑year growth. MarketBeat NOG

Northern Oil and Gas Stock Performance

Shares of NYSE:NOG opened at $26.98 on Monday. Northern Oil and Gas, Inc. has a twelve month low of $20.18 and a twelve month high of $32.62. The firm has a market cap of $2.62 billion, a PE ratio of 81.76 and a beta of 0.94. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.09 and a current ratio of 1.09. The business has a fifty day moving average of $27.52 and a 200-day moving average of $24.35.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. Northern Oil and Gas had a return on equity of 19.74% and a net margin of 1.57%.The company had revenue of $610.18 million during the quarter, compared to analyst estimates of $524.98 million. During the same period last year, the company posted $1.11 earnings per share. The firm's quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts predict that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, March 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Monday, March 30th. Northern Oil and Gas's dividend payout ratio (DPR) is presently 545.45%.

Analysts Set New Price Targets

NOG has been the topic of a number of research reports. Morgan Stanley restated an "underweight" rating on shares of Northern Oil and Gas in a report on Friday, March 27th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Northern Oil and Gas in a report on Thursday, January 22nd. Mizuho set a $29.00 price objective on shares of Northern Oil and Gas in a research note on Wednesday, January 21st. Citigroup raised their price objective on shares of Northern Oil and Gas from $34.00 to $39.00 and gave the stock a "buy" rating in a research note on Tuesday, March 31st. Finally, Bank of America raised their target price on Northern Oil and Gas from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $31.71.

About Northern Oil and Gas

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company's primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.

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