New York State Common Retirement Fund Acquires 20,186 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

New York State Common Retirement Fund grew its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,092,152 shares of the company's stock after purchasing an additional 20,186 shares during the quarter. New York State Common Retirement Fund owned approximately 1.10% of Northern Oil and Gas worth $33,016,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. State of Alaska Department of Revenue grew its stake in shares of Northern Oil and Gas by 25.3% during the 1st quarter. State of Alaska Department of Revenue now owns 97,025 shares of the company's stock worth $2,932,000 after acquiring an additional 19,586 shares during the period. Principal Financial Group Inc. boosted its stake in Northern Oil and Gas by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 494,508 shares of the company's stock worth $14,949,000 after purchasing an additional 12,711 shares during the period. Woodline Partners LP bought a new stake in shares of Northern Oil and Gas during the 4th quarter valued at about $997,000. GAMMA Investing LLC boosted its position in shares of Northern Oil and Gas by 2,067.5% during the 1st quarter. GAMMA Investing LLC now owns 45,950 shares of the company's stock valued at $1,520,000 after acquiring an additional 43,830 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Northern Oil and Gas by 3.9% during the 4th quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock valued at $242,937,000 after acquiring an additional 243,531 shares during the last quarter. 98.80% of the stock is owned by hedge funds and other institutional investors.

Northern Oil and Gas Stock Performance

Shares of NYSE NOG traded down $0.31 during midday trading on Friday, hitting $27.22. 1,038,556 shares of the company's stock traded hands, compared to its average volume of 1,605,984. Northern Oil and Gas, Inc. has a 1 year low of $19.88 and a 1 year high of $44.31. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 4.24 and a beta of 1.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $29.06 and a 200 day moving average of $30.52.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly 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 26.64% and a return on equity of 23.46%. The firm had revenue of $602.10 million during the quarter, compared to analyst estimates of $568.87 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The business's revenue for the quarter was up 51.9% compared to the same quarter last year. On average, analysts forecast that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current year.

Northern Oil and Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, June 27th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.61%. Northern Oil and Gas's dividend payout ratio (DPR) is presently 28.04%.

Wall Street Analysts Forecast Growth

NOG has been the subject of a number of research analyst reports. Citigroup lifted their price target on Northern Oil and Gas from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada dropped their target price on Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating for the company in a research report on Monday. Morgan Stanley reduced their price target on shares of 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. Raymond James Financial reissued a "strong-buy" rating on shares of Northern Oil and Gas in a research note on Tuesday, May 13th. Finally, Bank of America lifted their price target on shares of 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Northern Oil and Gas presently has an average rating of "Hold" and a consensus target price of $38.78.

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.