Rep. Lisa C. McClain Purchases Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

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 traded down $0.40 during trading on Friday, hitting $24.42. The stock had a trading volume of 1,399,039 shares, compared to its average volume of 1,835,392. The company has a 50 day moving average price of $28.48 and a 200-day moving average price of $28.63. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 4.03 and a beta of 1.55. Northern Oil and Gas, Inc. has a one year low of $19.88 and a one year high of $44.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released 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 business had revenue of $706.81 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. As a group, research analysts predict that Northern Oil and Gas, Inc. will post 5.18 EPS for the current year.

Northern Oil and Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a $0.45 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.80 annualized dividend and a yield of 7.4%. Northern Oil and Gas's payout ratio is 29.70%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NOG. Bank of America upped their target price on Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Piper Sandler reiterated a "neutral" rating and set a $25.00 target price (down from $31.00) on shares of Northern Oil and Gas in a research report on Monday, August 4th. Mizuho cut their target price on Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Citigroup upped their target price on Northern Oil and Gas from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada cut their target price on 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. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.11.

Hedge Funds Weigh In On Northern Oil and Gas

A number of hedge funds have recently made changes to their positions in the stock. State of Tennessee Department of Treasury raised its position in shares of Northern Oil and Gas by 28.5% during the second quarter. State of Tennessee Department of Treasury now owns 28,667 shares of the company's stock worth $813,000 after acquiring an additional 6,357 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Northern Oil and Gas by 36.8% during the second quarter. Captrust Financial Advisors now owns 19,767 shares of the company's stock worth $560,000 after acquiring an additional 5,322 shares during the last quarter. Teza Capital Management LLC raised its position in shares of Northern Oil and Gas by 62.9% during the second quarter. Teza Capital Management LLC now owns 15,853 shares of the company's stock worth $449,000 after acquiring an additional 6,122 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Northern Oil and Gas by 85.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company's stock worth $44,000 after acquiring an additional 702 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in shares of Northern Oil and Gas during the second quarter worth about $971,000. 98.80% of the stock is currently owned by institutional investors.

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.