Northern Oil and Gas, Inc. (NYSE:NOG) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC grew its stake in Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 917,019 shares of the company's stock after acquiring an additional 12,257 shares during the period. Voya Investment Management LLC owned 0.92% of Northern Oil and Gas worth $34,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Northern Oil and Gas during the fourth quarter worth 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 last quarter. Avior Wealth Management LLC increased its position in Northern Oil and Gas by 23.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,372 shares of the company's stock worth $51,000 after buying an additional 259 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Northern Oil and Gas during the fourth quarter worth approximately $66,000. Finally, Smartleaf Asset Management LLC boosted its holdings 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 period. Institutional investors own 98.80% of the company's stock.

Insider Activity

In related news, Director Bahram Akradi acquired 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $28.03 per share, for a total transaction of $1,121,200.00. Following the purchase, the director now directly owns 1,662,016 shares of the company's stock, valued at $46,586,308.48. This trade represents a 2.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Nicholas L. O'grady acquired 1,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $27.48 per share, with a total value of $27,480.00. Following the completion of the purchase, the chief executive officer now owns 226,189 shares in the company, valued at approximately $6,215,673.72. This trade represents a 0.44 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.90% of the company's stock.

Northern Oil and Gas Stock Up 1.7 %

NYSE NOG traded up $0.41 during mid-day trading on Thursday, reaching $24.71. The stock had a trading volume of 618,716 shares, compared to its average volume of 1,496,113. Northern Oil and Gas, Inc. has a 1 year low of $19.88 and a 1 year high of $44.31. The stock has a market cap of $2.44 billion, a PE ratio of 4.80 and a beta of 1.49. The company has a fifty day moving average price of $27.04 and a 200 day moving average price of $34.65. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.92 and a quick ratio of 1.23.

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

Northern Oil and Gas announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

NOG has been the topic of a number of recent analyst reports. Capital One Financial cut Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 21st. Morgan Stanley reduced their price target on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada cut 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 note on Monday, April 14th. Piper Sandler dropped their price target on Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial upped their target price on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $43.50.

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.