Silvercrest Asset Management Group LLC Has $30.33 Million Position in Northern Oil and Gas, Inc. (NYSE:NOG)

Silvercrest Asset Management Group LLC lifted its holdings in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 816,106 shares of the company's stock after acquiring an additional 27,556 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.82% of Northern Oil and Gas worth $30,327,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NOG. Headlands Technologies LLC acquired a new stake in shares of Northern Oil and Gas in the fourth quarter worth $29,000. Blue Trust Inc. grew its holdings in Northern Oil and Gas by 177.2% during the 4th quarter. Blue Trust Inc. now owns 1,253 shares of the company's stock valued at $44,000 after purchasing an additional 801 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Northern Oil and Gas by 23.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,372 shares of the company's stock valued at $51,000 after purchasing an additional 259 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Northern Oil and Gas during the 4th quarter valued at $66,000. Finally, Smartleaf Asset Management LLC grew its holdings in Northern Oil and Gas by 297.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,098 shares of the company's stock valued at $77,000 after purchasing an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NOG shares. Bank of America lowered their price target on shares of Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Royal Bank of Canada decreased their price objective on shares of Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating for the company in a report on Monday, April 14th. Morgan Stanley decreased their price objective 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. Capital One Financial downgraded shares of Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 21st. Finally, Mizuho cut their price target on Northern Oil and Gas from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $40.56.

Insider Buying and Selling

In other Northern Oil and Gas news, Director Bahram Akradi acquired 40,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $28.03 per share, for a total transaction of $1,121,200.00. Following the completion of the acquisition, the director now directly owns 1,662,016 shares of the company's stock, valued at approximately $46,586,308.48. This trade represents a 2.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicholas L. O'grady acquired 1,000 shares of the stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $27.48 per share, for a total transaction of $27,480.00. Following the completion of the acquisition, the chief executive officer now directly owns 226,189 shares of the company's stock, valued at $6,215,673.72. The trade was a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.90% of the stock is owned by insiders.

Northern Oil and Gas Price Performance

NOG traded down $0.54 during midday trading on Tuesday, hitting $27.72. The company had a trading volume of 1,186,279 shares, compared to its average volume of 1,534,074. The company has a market capitalization of $2.74 billion, a PE ratio of 5.39 and a beta of 1.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 0.92. Northern Oil and Gas, Inc. has a twelve month low of $19.88 and a twelve month high of $44.31. The firm's 50-day simple moving average is $26.35 and its 200-day simple moving average is $33.67.

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 (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.21. The company had revenue of $602.10 million for the quarter, compared to analyst estimates of $568.87 million. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. The company's revenue for the quarter was up 51.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. Equities research analysts predict that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The company 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 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Friday, June 27th. Northern Oil and Gas's payout ratio is 28.04%.

Northern Oil and Gas announced that its Board of Directors has initiated a share buyback plan on Tuesday, March 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.