Tributary Capital Management LLC Buys 30,511 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Tributary Capital Management LLC increased its position in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 618,998 shares of the company's stock after purchasing an additional 30,511 shares during the quarter. Northern Oil and Gas accounts for approximately 1.6% of Tributary Capital Management LLC's investment portfolio, making the stock its 24th largest position. Tributary Capital Management LLC owned 0.63% of Northern Oil and Gas worth $18,712,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its holdings in shares of 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 valued at $487,000 after acquiring an additional 298 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Northern Oil and Gas by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,378 shares of the company's stock valued at $386,000 after acquiring an additional 329 shares during the period. Signaturefd LLC grew its holdings in Northern Oil and Gas by 60.0% in the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company's stock worth $33,000 after buying an additional 405 shares in the last quarter. Van Den Berg Management I Inc. increased its stake in shares of Northern Oil and Gas by 1.2% in the fourth quarter. Van Den Berg Management I Inc. now owns 36,895 shares of the company's stock worth $1,371,000 after acquiring an additional 446 shares during the last quarter. Finally, Byrne Asset Management LLC raised its stake in shares of Northern Oil and Gas by 54.9% in the first quarter. Byrne Asset Management LLC now owns 1,363 shares of the company's stock valued at $41,000 after acquiring an additional 483 shares during the last quarter. Institutional investors own 98.80% of the company's stock.

Northern Oil and Gas Stock Performance

Northern Oil and Gas stock traded up $0.62 during mid-day trading on Thursday, reaching $27.55. 2,818,666 shares of the company traded hands, compared to its average volume of 1,608,096. The firm's fifty day moving average is $29.04 and its two-hundred day moving average is $30.58. Northern Oil and Gas, Inc. has a fifty-two week low of $19.88 and a fifty-two week high of $44.31. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 4.29 and a beta of 1.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.92 and a quick ratio of 0.92.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $602.10 million during the quarter, compared to analyst estimates of $568.87 million. During the same quarter last year, the firm posted $1.28 earnings per share. The business's revenue for the quarter was up 51.9% compared to the same quarter last year. On average, equities 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 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend is Friday, June 27th. Northern Oil and Gas's dividend payout ratio is currently 28.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price target on shares of 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. Mizuho reduced their price target on shares of Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday. Royal Bank Of Canada cut their price target on shares of Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating on the stock in a report on Monday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Northern Oil and Gas in a research report on Tuesday, May 13th. Finally, Citigroup increased their price objective 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $38.78.

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.