Mutual of America Capital Management LLC Purchases 19,980 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Mutual of America Capital Management LLC boosted its stake in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,109 shares of the company's stock after buying an additional 19,980 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.47% of Northern Oil and Gas worth $13,909,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NOG. Charles Schwab Investment Management Inc. boosted its stake in Northern Oil and Gas by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,899 shares of the company's stock valued at $39,349,000 after buying an additional 73,256 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Northern Oil and Gas in the 4th quarter valued at $909,000. Raymond James Financial Inc. acquired a new stake in Northern Oil and Gas in the 4th quarter valued at $21,691,000. PNC Financial Services Group Inc. boosted its stake in Northern Oil and Gas by 9.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,482 shares of the company's stock valued at $724,000 after buying an additional 1,637 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in Northern Oil and Gas by 2.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 13,112 shares of the company's stock valued at $487,000 after buying an additional 298 shares in the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Wall Street Analyst Weigh In

NOG has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their price objective on Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research note on Monday. Citigroup boosted their target price on Northern Oil and Gas from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Raymond James Financial reiterated a "strong-buy" rating on shares of Northern Oil and Gas in a report on Tuesday, May 13th. Mizuho lowered their price target on Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Morgan Stanley lowered their price target on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Northern Oil and Gas presently has an average rating of "Hold" and a consensus target price of $38.67.

Northern Oil and Gas Stock Down 3.6%

NYSE NOG traded down $1.00 during trading hours on Wednesday, hitting $26.96. 2,029,096 shares of the company traded hands, compared to its average volume of 1,605,460. The business's 50-day moving average is $28.99 and its 200-day moving average is $30.61. Northern Oil and Gas, Inc. has a twelve month low of $19.88 and a twelve month high of $44.31. 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 stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 4.20 and a beta of 1.50.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.21. Northern Oil and Gas had a return on equity of 23.46% and a net margin of 26.64%. The company had revenue of $602.10 million during the quarter, compared to analysts' expectations of $568.87 million. During the same period last year, the firm posted $1.28 earnings per share. The business's revenue 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 year.

Northern Oil and Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, June 27th will be given a $0.45 dividend. The ex-dividend date is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.68%. Northern Oil and Gas's payout ratio is 28.04%.

About Northern Oil and Gas

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.