Rep. Lisa C. McClain Buys Northern Oil and Gas, Inc. (NYSE:NOG) Stock

Key Points

• Rep. Lisa C. McClain purchased shares in Northern Oil and Gas, Inc. (NYSE:NOG), spending between $1,001 and $15,000 on July 16th, 2023.
• Northern Oil and Gas reported **$1.37 earnings per share (EPS)** for the last quarter, significantly exceeding analyst expectations and marking a year-over-year revenue increase of **26.0%**.
• A quarterly dividend of $0.45 has been declared by Northern Oil and Gas, with an annual yield of 7.4%, set to be paid on October 31st to investors recorded by September 29th.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Northern Oil and Gas, Inc. NYSE: NOG. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Northern Oil and Gas stock on July 16th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Northern Oil and Gas Stock Performance

NOG stock traded up $0.0950 during trading on Wednesday, hitting $23.2250. The company had a trading volume of 1,810,804 shares, compared to its average volume of 1,900,191. The firm has a market cap of $2.27 billion, a PE ratio of 3.83 and a beta of 1.55. Northern Oil and Gas, Inc. has a 1-year low of $19.88 and a 1-year high of $44.31. The firm has a 50-day moving average price of $28.05 and a 200-day moving average price of $28.35. 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.50. The firm had revenue of $706.81 million for the quarter, compared to analysts' expectations of $555.54 million. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%.The firm's revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 EPS. On average, analysts expect that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current year.

Northern Oil and Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.8%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas's payout ratio is 29.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NOG. Bank of America increased their target price on Northern Oil and Gas from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Morgan Stanley lowered Northern Oil and Gas from a "positive" rating to an "underweight" rating and dropped their price objective for the stock from $29.00 to $27.00 in a report on Monday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Northern Oil and Gas in a report on Tuesday, May 13th. Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price objective (down previously from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Finally, Mizuho dropped their price objective on Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

Institutional Investors Weigh In On Northern Oil and Gas

Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of Northern Oil and Gas by 25.3% in the 1st quarter. State of Alaska Department of Revenue now owns 97,025 shares of the company's stock worth $2,932,000 after acquiring an additional 19,586 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Northern Oil and Gas by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 494,508 shares of the company's stock worth $14,949,000 after acquiring an additional 12,711 shares during the period. American Century Companies Inc. grew its holdings in shares of Northern Oil and Gas by 6.4% in the 1st quarter. American Century Companies Inc. now owns 6,953,377 shares of the company's stock worth $210,201,000 after acquiring an additional 415,781 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Northern Oil and Gas by 1.9% in the 1st quarter. New York State Common Retirement Fund now owns 1,092,152 shares of the company's stock worth $33,016,000 after acquiring an additional 20,186 shares during the period. Finally, Motley Fool Asset Management LLC grew its holdings in shares of Northern Oil and Gas by 21.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 85,483 shares of the company's stock worth $2,584,000 after acquiring an additional 14,945 shares during the period. Institutional investors and hedge funds own 98.80% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.