Cwm LLC Raises Stake in Northern Oil and Gas, Inc. $NOG

Key Points

• Cwm LLC increased its stake in Northern Oil and Gas, Inc. by 998.6% during the 2nd quarter, owning 24,466 shares worth approximately $694,000.
• Recent analyst reports have issued mixed ratings on the stock, with target prices ranging from $26.00 to $34.00, reflecting a general hold sentiment among analysts.
• Northern Oil and Gas announced a quarterly dividend of $0.45 per share, indicating an annualized yield of 8.1% and a payout ratio of 29.70%.

Cwm LLC boosted its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 998.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 24,466 shares of the company's stock after purchasing an additional 22,239 shares during the period. Cwm LLC's holdings in Northern Oil and Gas were worth $694,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in Northern Oil and Gas by 133.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company's stock worth $27,000 after purchasing an additional 545 shares during the last quarter. UMB Bank n.a. grew its position in Northern Oil and Gas by 200.3% during the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company's stock worth $27,000 after purchasing an additional 637 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Northern Oil and Gas during the 1st quarter worth $28,000. Signaturefd LLC grew its position in Northern Oil and Gas by 60.0% during the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company's stock worth $33,000 after purchasing an additional 405 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position 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 worth $33,000 after purchasing an additional 713 shares during the last quarter. 98.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Royal Bank Of Canada lowered 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 research report on Monday, July 14th. Mizuho lowered their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. William Blair assumed coverage on shares of Northern Oil and Gas in a research report on Monday, August 25th. They set an "outperform" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating and issued a $26.00 target price (down previously from $27.00) on shares of Northern Oil and Gas in a report on Tuesday, October 14th. Finally, Citigroup lowered their target price on shares of Northern Oil and Gas from $32.00 to $28.00 and set a "buy" rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $33.00.

Northern Oil and Gas Stock Up 4.0%

NOG stock opened at $22.27 on Friday. The company has a market cap of $2.17 billion, a P/E ratio of 3.67 and a beta of 1.61. Northern Oil and Gas, Inc. has a 52 week low of $19.88 and a 52 week high of $44.31. The company's 50-day moving average price is $24.63 and its 200 day moving average price is $26.27. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings data on Monday, March 6th. The company reported $1.06 EPS for the quarter. The firm had revenue of $319.19 million for the quarter. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. On average, research analysts expect that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 8.1%. Northern Oil and Gas's payout ratio is currently 29.70%.

Northern Oil and Gas 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.

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