72,854 Shares in Northern Oil and Gas, Inc. $NOG Purchased by Taylor Frigon Capital Management LLC

Key Points

• Taylor Frigon Capital Management established a new Q4 position of 72,854 shares in Northern Oil & Gas (~$1.56M), with institutional investors now owning about 98.8% of the company.
• Northern Oil & Gas beat expectations for the quarter with EPS of $0.83 (vs. $0.71 est.) and revenue of $610.2M, up 18.5% year-over-year.
• The company offers a quarterly dividend of $0.45 (annualized yield ~6.9%) but carries a very high payout ratio (545%); market cap is ~$2.74B with a high P/E (~78.6) and mixed analyst ratings (consensus: "Hold").

Taylor Frigon Capital Management LLC bought 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 filing with the Securities and Exchange Commission (SEC). The firm bought 72,854 shares of the company's stock, valued at approximately $1,564,000. Taylor Frigon Capital Management LLC owned approximately 0.07% of Northern Oil and Gas at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NOG. Range Financial Group LLC boosted its stake in Northern Oil and Gas by 5.3% during the third quarter. Range Financial Group LLC now owns 9,736 shares of the company's stock valued at $241,000 after buying an additional 486 shares during the last quarter. First National Advisers LLC boosted its stake in Northern Oil and Gas by 4.8% during the third quarter. First National Advisers LLC now owns 12,665 shares of the company's stock valued at $314,000 after buying an additional 580 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Northern Oil and Gas by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 91,485 shares of the company's stock valued at $1,963,000 after buying an additional 633 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Northern Oil and Gas by 85.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company's stock valued at $44,000 after buying an additional 702 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Northern Oil and Gas by 12.1% during the third quarter. Covestor Ltd now owns 6,510 shares of the company's stock valued at $161,000 after buying an additional 705 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company's stock.

Northern Oil and Gas Price Performance

NYSE:NOG opened at $25.93 on Thursday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 78.56 and a beta of 0.94. Northern Oil and Gas, Inc. has a 1 year low of $20.18 and a 1 year high of $32.62. The business has a 50 day simple moving average of $27.62 and a 200-day simple moving average of $24.35. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.09 and a quick ratio of 1.09.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The business had revenue of $610.18 million during the quarter, compared to analyst estimates of $524.98 million. Northern Oil and Gas had a return on equity of 19.74% and a net margin of 1.57%.The company's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. Equities analysts forecast 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, April 30th. Stockholders of record on Monday, March 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, March 30th. Northern Oil and Gas's dividend payout ratio (DPR) is presently 545.45%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank Of Canada dropped their price target on Northern Oil and Gas from $33.00 to $30.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 20th. Piper Sandler increased their price target on Northern Oil and Gas from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, March 12th. Weiss Ratings reissued a "hold (c-)" rating on shares of Northern Oil and Gas in a research note on Thursday, January 22nd. Morgan Stanley reissued an "underweight" rating on shares of Northern Oil and Gas in a research note on Friday, March 27th. Finally, Citigroup dropped their price target on Northern Oil and Gas from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $31.29.

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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