Susquehanna Fundamental Investments LLC Acquires Shares of 158,924 Northern Oil and Gas, Inc. (NYSE:NOG)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) during the 4th quarter, according to its most recent disclosure 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 about 0.16% of Northern Oil and Gas at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Northern Oil and Gas by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 11,273,298 shares of the company's stock worth $418,916,000 after acquiring an additional 166,501 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Northern Oil and Gas by 3.9% during the fourth quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock worth $242,937,000 after purchasing an additional 243,531 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Northern Oil and Gas by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,886 shares of the company's stock valued at $122,507,000 after buying an additional 68,631 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Northern Oil and Gas by 0.9% in the fourth quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company's stock valued at $78,590,000 after buying an additional 18,195 shares in the last quarter. Finally, Channing Capital Management LLC raised its holdings in shares of Northern Oil and Gas by 26.8% in the fourth quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company's stock valued at $65,648,000 after buying an additional 373,917 shares during the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Piper Sandler lowered their price objective on shares of Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Capital One Financial cut shares of Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 21st. Royal Bank of Canada decreased their price objective on Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Monday, April 14th. Morgan Stanley dropped their target price 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, Truist Financial raised their price target on Northern Oil and Gas from $52.00 to $55.00 and gave the company a "buy" rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Northern Oil and Gas currently has an average rating of "Hold" and an average target price of $43.50.

Insider Activity at Northern Oil and Gas

In other Northern Oil and Gas news, CEO Nicholas L. O'grady bought 1,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was acquired 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 owns 226,189 shares in the company, valued at $6,215,673.72. This trade represents a 0.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bahram Akradi bought 40,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average price 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 in the company, valued at approximately $46,586,308.48. This trade represents a 2.47 % increase in their position. The disclosure for this purchase can be found here. 2.90% of the stock is owned by corporate insiders.

Northern Oil and Gas Trading Up 3.6 %

NYSE:NOG traded up $0.87 during mid-day trading on Thursday, hitting $25.17. The company had a trading volume of 1,959,787 shares, compared to its average volume of 1,501,271. 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 fifty-two week low of $19.88 and a fifty-two week high of $44.31. The firm has a market cap of $2.49 billion, a P/E ratio of 4.90 and a beta of 1.49. The business's fifty day moving average is $27.04 and its two-hundred day moving average is $34.65.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.21. The business had revenue of $602.10 million for the quarter, compared to the consensus estimate of $568.87 million. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. Northern Oil and Gas's revenue for the quarter was up 51.9% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. As a group, research 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 company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, June 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.15%. The ex-dividend date is Friday, June 27th. Northern Oil and Gas's dividend payout ratio (DPR) is 28.04%.

Northern Oil and Gas announced that its board has approved a stock repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.