Mutual of America Capital Management LLC Buys 165,382 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Mutual of America Capital Management LLC lifted its stake in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 69.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 403,420 shares of the company's stock after purchasing an additional 165,382 shares during the period. Mutual of America Capital Management LLC owned 0.40% of Northern Oil and Gas worth $14,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Private Advisor Group LLC increased its holdings in shares of Northern Oil and Gas by 4.8% in the third quarter. Private Advisor Group LLC now owns 6,118 shares of the company's stock valued at $246,000 after purchasing an additional 282 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Northern Oil and Gas by 3.3% in the fourth quarter. Renaissance Technologies LLC now owns 9,300 shares of the company's stock valued at $287,000 after acquiring an additional 300 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Northern Oil and Gas by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 29,761 shares of the company's stock valued at $1,197,000 after acquiring an additional 306 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in Northern Oil and Gas by 1.1% in the third quarter. Kestra Advisory Services LLC now owns 27,673 shares of the company's stock valued at $1,113,000 after acquiring an additional 309 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Northern Oil and Gas by 3.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,197 shares of the company's stock valued at $450,000 after acquiring an additional 332 shares during the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NOG. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $46.00 price objective on shares of Northern Oil and Gas in a research note on Wednesday, March 6th. Johnson Rice cut shares of Northern Oil and Gas from a "buy" rating to an "accumulate" rating in a research report on Thursday, December 14th. Citigroup reduced their price target on shares of Northern Oil and Gas from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday, February 28th. Raymond James dropped their price objective on shares of Northern Oil and Gas from $51.00 to $45.00 and set a "strong-buy" rating on the stock in a report on Wednesday, January 24th. Finally, Truist Financial dropped their price objective on shares of Northern Oil and Gas from $56.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.30.

Northern Oil and Gas Price Performance

NOG stock remained flat at $42.64 during midday trading on Friday. 1,249,207 shares of the company's stock traded hands, compared to its average volume of 1,260,342. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.90. Northern Oil and Gas, Inc. has a 12-month low of $29.57 and a 12-month high of $43.64. The business has a fifty day moving average price of $36.76 and a two-hundred day moving average price of $37.08. The firm has a market cap of $4.33 billion, a PE ratio of 4.25 and a beta of 1.86.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its quarterly earnings results on Friday, February 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.03). Northern Oil and Gas had a net margin of 42.61% and a return on equity of 40.86%. The business had revenue of $543.40 million during the quarter, compared to analyst estimates of $555.31 million. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The firm's quarterly revenue was up 21.9% on a year-over-year basis. Equities analysts expect that Northern Oil and Gas, Inc. will post 5.42 EPS for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. Northern Oil and Gas's dividend payout ratio is presently 15.94%.

Insider Transactions at Northern Oil and Gas

In other news, President Adam A. Dirlam sold 2,088 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $38.00, for a total transaction of $79,344.00. Following the transaction, the president now directly owns 122,359 shares in the company, valued at approximately $4,649,642. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider James B. Evans sold 945 shares of Northern Oil and Gas stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $38.00, for a total transaction of $35,910.00. Following the completion of the sale, the insider now owns 83,872 shares of the company's stock, valued at approximately $3,187,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Adam A. Dirlam sold 2,088 shares of Northern Oil and Gas stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $38.00, for a total transaction of $79,344.00. Following the sale, the president now directly owns 122,359 shares of the company's stock, valued at approximately $4,649,642. The disclosure for this sale can be found here. Insiders have sold 10,944 shares of company stock worth $436,614 in the last ninety days. Insiders own 3.20% of the company's stock.

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.