Copeland Capital Management LLC Has $54,000 Stock Position in Northern Oil and Gas, Inc. $NOG

Key Points

• Copeland Capital Management cut its stake in Northern Oil and Gas by 99.9% in Q4, selling 1,761,477 shares and leaving a holding worth about $54,000 (2,503 shares).
• Northern Oil and Gas beat Q4 estimates with $0.83 EPS versus a $0.71 consensus and reported revenue of $610.2 million, up 18.5% year‑over‑year.
• The company declared a quarterly dividend of $0.45 per share (annualized $1.80), implying a 6.8% yield but carrying a very high payout ratio of 545.45%.

Copeland Capital Management LLC lowered its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 99.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,503 shares of the company's stock after selling 1,761,477 shares during the period. Copeland Capital Management LLC's holdings in Northern Oil and Gas were worth $54,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NOG. First Horizon Corp bought a new position in shares of Northern Oil and Gas during the 3rd quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its holdings in Northern Oil and Gas by 181.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company's stock valued at $33,000 after purchasing an additional 713 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Northern Oil and Gas by 429.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company's stock worth $43,000 after purchasing an additional 1,228 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Northern Oil and Gas by 85.7% in the second quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company's stock valued at $44,000 after purchasing an additional 702 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Northern Oil and Gas in the first quarter valued at about $88,000. Institutional investors and hedge funds own 98.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NOG shares. Mizuho set a $29.00 target price on shares of Northern Oil and Gas in a report on Wednesday, January 21st. Royal Bank Of Canada lowered their price target on shares of Northern Oil and Gas from $33.00 to $30.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 20th. Citigroup cut their price objective on shares of Northern Oil and Gas from $39.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Morgan Stanley restated an "underweight" rating on shares of Northern Oil and Gas in a report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Northern Oil and Gas in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Northern Oil and Gas presently has an average rating of "Hold" and an average price target of $31.29.

Northern Oil and Gas Trading Down 0.9%

Shares of Northern Oil and Gas stock opened at $26.66 on Friday. The firm has a 50-day moving average of $27.65 and a 200-day moving average of $24.39. The stock has a market cap of $2.82 billion, a PE ratio of 80.77 and a beta of 0.94. Northern Oil and Gas, Inc. has a 52-week low of $20.18 and a 52-week high of $32.62. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.09 and a current ratio of 1.09.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. Northern Oil and Gas had a net margin of 1.57% and a return on equity of 19.74%. The business had revenue of $610.18 million for the quarter, compared to the consensus estimate of $524.98 million. During the same period in the prior year, the company posted $1.11 earnings per share. Northern Oil and Gas's revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Northern Oil and Gas, Inc. will post 3.32 EPS for the current year.

Northern Oil and Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, March 30th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. Northern Oil and Gas's dividend payout ratio (DPR) is currently 545.45%.

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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