GTS Securities LLC Purchases 15,718 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

GTS Securities LLC raised its position in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 238.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,318 shares of the company's stock after purchasing an additional 15,718 shares during the period. GTS Securities LLC's holdings in Northern Oil and Gas were worth $829,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NOG. Vanguard Group Inc. lifted its holdings in Northern Oil and Gas by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 11,273,298 shares of the company's stock valued at $418,916,000 after buying an additional 166,501 shares during the period. American Century Companies Inc. raised its position in shares of Northern Oil and Gas by 3.9% in the 4th quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock worth $242,937,000 after acquiring an additional 243,531 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Northern Oil and Gas by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,296,886 shares of the company's stock valued at $122,507,000 after purchasing an additional 68,631 shares during the period. Copeland Capital Management LLC boosted its position in shares of Northern Oil and Gas by 0.9% during the 4th quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company's stock valued at $78,590,000 after purchasing an additional 18,195 shares in the last quarter. Finally, Channing Capital Management LLC boosted its position in shares of Northern Oil and Gas by 26.8% during the 4th quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company's stock valued at $65,648,000 after purchasing an additional 373,917 shares in the last quarter. 98.80% of the stock is owned by institutional investors.

Northern Oil and Gas Stock Down 0.7%

NYSE NOG traded down $0.20 on Wednesday, reaching $27.30. The company had a trading volume of 1,068,933 shares, compared to its average volume of 1,533,692. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02. The company's fifty day moving average is $26.04 and its 200 day moving average is $33.21. Northern Oil and Gas, Inc. has a 52-week low of $19.88 and a 52-week high of $44.31. The stock has a market capitalization of $2.69 billion, a P/E ratio of 5.31 and a beta of 1.47.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.12 by $0.21. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. The company had revenue of $602.10 million during the quarter, compared to the consensus estimate of $568.87 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. The firm's revenue for the quarter was up 51.9% on a year-over-year basis. Sell-side analysts anticipate that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas declared that its board has authorized a share buyback plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Northern Oil and Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, June 27th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.59%. Northern Oil and Gas's payout ratio is presently 28.04%.

Insider Activity

In other Northern Oil and Gas news, Director Bahram Akradi acquired 40,000 shares of Northern Oil and Gas stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $28.03 per share, for a total transaction of $1,121,200.00. Following the purchase, the director now directly owns 1,662,016 shares of the company's stock, valued at $46,586,308.48. This trade represents a 2.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Nicholas L. O'grady bought 1,000 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $27.48 per share, for a total transaction of $27,480.00. Following the completion of the purchase, the chief executive officer now directly owns 226,189 shares in the company, valued at approximately $6,215,673.72. This trade represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Raymond James reissued a "strong-buy" rating on shares of Northern Oil and Gas in a research note on Tuesday, May 13th. Piper Sandler reduced their target price on Northern Oil and Gas from $34.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Bank of America upped their price target on Northern Oil and Gas from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Royal Bank of Canada reduced their price objective on Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley lowered their target price on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $39.67.

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.