Vanguard Personalized Indexing Management LLC Purchases 14,637 Shares of Northern Oil and Gas, Inc. $NOG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Northern Oil and Gas, purchasing an additional 14,637 shares, resulting in a total holding of 22,857 shares valued at $648,000.
• Several institutional investors significantly raised their positions in Northern Oil and Gas, with notable increases of 178.1% by Vanguard and 200.3% by UMB Bank in the second quarter.
• Analysts have lowered price targets for Northern Oil and Gas, with forecasts ranging from $25.00 to $33.00 and a current consensus rating of "Hold".

Vanguard Personalized Indexing Management LLC grew its position in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 178.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,857 shares of the company's stock after purchasing an additional 14,637 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Northern Oil and Gas were worth $648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of NOG. MassMutual Private Wealth & Trust FSB raised its position in Northern Oil and Gas by 133.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company's stock valued at $27,000 after buying an additional 545 shares during the last quarter. UMB Bank n.a. boosted its position in Northern Oil and Gas by 200.3% during the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company's stock worth $27,000 after acquiring an additional 637 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of Northern Oil and Gas during the 1st quarter worth approximately $28,000. Signaturefd LLC raised its holdings in shares of Northern Oil and Gas by 60.0% in the first quarter. Signaturefd LLC now owns 1,080 shares of the company's stock valued at $33,000 after purchasing an additional 405 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Northern Oil and Gas by 181.0% in the first quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company's stock worth $33,000 after purchasing an additional 713 shares in the last quarter. 98.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOG has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of 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, July 14th. Piper Sandler restated a "neutral" rating and issued a $25.00 price objective (down previously from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Morgan Stanley reaffirmed an "underweight" rating and issued a $26.00 target price (down previously from $27.00) on shares of Northern Oil and Gas in a research report on Tuesday, October 14th. Weiss Ratings restated a "hold (c-)" rating on shares of Northern Oil and Gas in a research note on Wednesday, October 8th. Finally, Mizuho lowered their price target on Northern Oil and Gas from $32.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.00.

Northern Oil and Gas Price Performance

NYSE:NOG opened at $21.35 on Tuesday. Northern Oil and Gas, Inc. has a 12-month low of $19.88 and a 12-month high of $44.31. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 3.52 and a beta of 1.61. The stock's 50 day moving average price is $24.81 and its two-hundred day moving average price is $26.34. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last posted its earnings results on Monday, March 6th. The company reported $1.06 earnings per share for the quarter. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%.The business had revenue of $319.19 million for the quarter. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th 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 8.4%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas's dividend payout ratio (DPR) is currently 29.70%.

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.

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