Nisa Investment Advisors LLC Grows Position in Northern Oil and Gas, Inc. (NYSE:NOG)

Nisa Investment Advisors LLC increased its holdings in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 155.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,496 shares of the company's stock after purchasing an additional 10,039 shares during the quarter. Nisa Investment Advisors LLC's holdings in Northern Oil and Gas were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NOG. Proficio Capital Partners LLC bought a new stake in Northern Oil and Gas during the fourth quarter worth about $909,000. Avantax Advisory Services Inc. boosted its stake in Northern Oil and Gas by 2.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 13,112 shares of the company's stock worth $487,000 after acquiring an additional 298 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Northern Oil and Gas during the fourth quarter worth about $1,676,000. Swiss National Bank boosted its stake in Northern Oil and Gas by 5.3% during the fourth quarter. Swiss National Bank now owns 187,100 shares of the company's stock worth $6,953,000 after acquiring an additional 9,500 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Northern Oil and Gas by 7.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,377 shares of the company's stock worth $386,000 after acquiring an additional 764 shares in the last quarter. Institutional investors own 98.80% of the company's stock.

Northern Oil and Gas Price Performance

Shares of NYSE:NOG traded down $0.29 during midday trading on Friday, reaching $27.24. 2,044,397 shares of the company were exchanged, compared to its average volume of 1,615,180. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. The business's fifty day moving average is $29.08 and its two-hundred day moving average is $30.41. Northern Oil and Gas, Inc. has a one year low of $19.88 and a one year high of $44.31. The stock has a market cap of $2.69 billion, a PE ratio of 4.24 and a beta of 1.50.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates 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 business earned $1.28 earnings per share. Northern Oil and Gas's revenue for the quarter was up 51.9% on a year-over-year basis. As a group, analysts predict that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current year.

Northern Oil and Gas Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on NOG shares. Citigroup upped their target price on shares of Northern Oil and Gas from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley dropped their target price 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 note on Thursday, March 27th. Mizuho dropped their target price on shares of Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Wednesday. Raymond James Financial reissued a "strong-buy" rating on shares of Northern Oil and Gas in a report on Tuesday, May 13th. Finally, Bank of America boosted their price objective on shares of Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a report 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Northern Oil and Gas has a consensus 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.