Susquehanna Fundamental Investments LLC Makes New Investment in Northern Oil and Gas, Inc. (NYSE:NOG)

Susquehanna Fundamental Investments LLC acquired a new stake in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 158,924 shares of the company's stock, valued at approximately $5,906,000. Susquehanna Fundamental Investments LLC owned approximately 0.16% of Northern Oil and Gas at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, Director Bahram Akradi bought 40,000 shares of the firm's stock in a transaction on 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 transaction, the director now owns 1,662,016 shares in the company, valued at $46,586,308.48. This trade represents a 2.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas L. O'grady purchased 1,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $27.48 per share, with a total value of $27,480.00. Following the purchase, the chief executive officer now directly owns 226,189 shares in the company, valued at approximately $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 currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on NOG shares. Piper Sandler decreased their price target on shares of Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Truist Financial increased their target price on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Citigroup dropped their price target on Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley decreased their price objective on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Bank of America lowered their target price on Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $43.50.

Northern Oil and Gas Price Performance

Shares of NOG traded up $0.35 during mid-day trading on Friday, hitting $25.43. The company's stock had a trading volume of 1,749,962 shares, compared to its average volume of 1,503,655. The firm has a 50-day simple moving average of $26.74 and a 200 day simple moving average of $34.44. 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 market capitalization of $2.51 billion, a P/E ratio of 4.95 and a beta of 1.49. The company has a current ratio of 0.92, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.12 by $0.21. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. The company had revenue of $602.10 million for the quarter, compared to analyst estimates of $568.87 million. During the same period in the previous year, the firm earned $1.28 EPS. The business's revenue was up 51.9% on a year-over-year basis. Analysts predict that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

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

Northern Oil and Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, June 27th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Friday, June 27th. Northern Oil and Gas's dividend payout ratio is currently 28.04%.

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.