2,265 Shares in Northern Oil and Gas, Inc. (NYSEAMERICAN:NOG) Acquired by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can purchased a new position in Northern Oil and Gas, Inc. (NYSEAMERICAN:NOG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,265 shares of the energy company’s stock, valued at approximately $47,000.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Northern Oil and Gas by 16.2% in the 2nd quarter. Victory Capital Management Inc. now owns 112,429 shares of the energy company’s stock worth $2,335,000 after buying an additional 15,674 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Northern Oil and Gas during the 2nd quarter worth approximately $3,352,000. Citigroup Inc. grew its stake in shares of Northern Oil and Gas by 125.5% during the 1st quarter. Citigroup Inc. now owns 126,532 shares of the energy company’s stock worth $1,529,000 after purchasing an additional 70,427 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Northern Oil and Gas during the 2nd quarter worth approximately $1,053,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Northern Oil and Gas during the 2nd quarter worth approximately $78,000. Institutional investors own 64.26% of the company’s stock.

NYSEAMERICAN NOG opened at $25.71 on Thursday. The firm has a market cap of $1.70 billion, a PE ratio of -2.16, a P/E/G ratio of 0.18 and a beta of 2.76. Northern Oil and Gas, Inc. has a 52 week low of $3.35 and a 52 week high of $27.87.

Northern Oil and Gas (NYSEAMERICAN:NOG) last issued its quarterly earnings data on Wednesday, August 4th. The energy company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. The firm had revenue of $225.72 million during the quarter, compared to the consensus estimate of $182.16 million. Northern Oil and Gas had a negative return on equity of 102.70% and a negative net margin of 387.23%. As a group, research analysts expect that Northern Oil and Gas, Inc. will post 3.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Thursday, September 30th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Wednesday, September 29th. Northern Oil and Gas’s payout ratio is 9.89%.

A number of equities research analysts have recently commented on the stock. Raymond James raised their price objective on shares of Northern Oil and Gas from $30.00 to $32.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 1st. Stifel Nicolaus raised their price objective on shares of Northern Oil and Gas from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, June 17th. Wells Fargo & Company decreased their target price on Northern Oil and Gas from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, August 23rd. Truist increased their target price on Northern Oil and Gas from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, October 7th. Finally, Piper Sandler upgraded Northern Oil and Gas from a “neutral” rating to an “overweight” rating and increased their target price for the company from $22.00 to $23.00 in a research report on Thursday, July 22nd. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $23.00.

Northern Oil and Gas Company Profile

Northern Oil & Gas, Inc engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.

Further Reading: Terms to Better Understand Call Options

Want to see what other hedge funds are holding NOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Oil and Gas, Inc. (NYSEAMERICAN:NOG).

Institutional Ownership by Quarter for Northern Oil and Gas (NYSEAMERICAN:NOG)

Receive News & Ratings for Northern Oil and Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Oil and Gas and related companies with MarketBeat.com's FREE daily email newsletter.