Virtus Advisers LLC Acquires New Holdings in Northern Oil and Gas, Inc. $NOG

Virtus Advisers LLC acquired a new position in Northern Oil and Gas, Inc. (NYSE:NOG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,502 shares of the company’s stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kennedy Capital Management LLC boosted its holdings in shares of Northern Oil and Gas by 17.0% in the fourth quarter. Kennedy Capital Management LLC now owns 884,006 shares of the company’s stock valued at $18,980,000 after acquiring an additional 128,545 shares in the last quarter. Easterly Investment Partners LLC raised its holdings in Northern Oil and Gas by 32.7% during the fourth quarter. Easterly Investment Partners LLC now owns 187,146 shares of the company’s stock worth $4,018,000 after purchasing an additional 46,136 shares in the last quarter. Vanguard Group Inc. lifted its position in Northern Oil and Gas by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,873,455 shares of the company’s stock worth $233,453,000 after purchasing an additional 141,499 shares during the period. Collar Capital Management LLC acquired a new stake in Northern Oil and Gas in the fourth quarter worth approximately $2,877,000. Finally, Hsbc Holdings PLC bought a new position in Northern Oil and Gas during the 1st quarter valued at $8,115,000. Institutional investors own 98.80% of the company’s stock.

Trending Headlines about Northern Oil and Gas

Here are the key news stories impacting Northern Oil and Gas this week:

• Positive Sentiment: Near-term earnings estimates improved: Zacks Research raised its Q3 2026 EPS forecast to $0.81 from $0.77 and lifted its FY2026 estimate to $3.42 from $3.13. The analyst also increased its FY2028 estimate slightly to $3.38 from $3.35. These changes suggest better expected near-term operating performance, although the FY2026 estimate remains below the broader consensus of $3.60. Zacks Research earnings estimate revisions
• Neutral Sentiment: Former NOG executive joins Williston Basin transaction: Callan JMB’s Callan Power plans to acquire Reger Oil assets in the Williston Basin, with Northern Oil and Gas’ former CEO and founder Michael Reger named president. The announcement may draw attention to regional consolidation and management expertise but does not represent a direct transaction by NOG. Callan Power to acquire Reger Oil assets
• Negative Sentiment: Longer-term earnings expectations were cut: Zacks lowered its Q4 2026 EPS forecast to $0.74 from $0.84, Q1 2027 to $0.90 from $0.93, Q3 2027 to $0.68 from $0.69, and FY2027 to $3.12 from $3.22. The reductions indicate some pressure on expected earnings growth beyond 2026. Zacks Research earnings estimate revisions
• Negative Sentiment: Debt financing adds interest-cost and leverage concerns: NOG priced a private offering of $500 million in 7.500% senior notes. The capital may provide financial flexibility, but the high coupon increases future interest expense and adds to balance-sheet obligations. NOG announces senior notes offering

Northern Oil and Gas Trading Up 1.4%

Northern Oil and Gas stock opened at $27.30 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -5.27 and a beta of 0.70. Northern Oil and Gas, Inc. has a 1 year low of $17.18 and a 1 year high of $31.17. The firm’s 50 day moving average price is $20.90 and its two-hundred day moving average price is $24.15.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.69%. The company had revenue of $745.24 million during the quarter, compared to the consensus estimate of $594.09 million. During the same period in the prior year, the company posted $1.37 EPS. Northern Oil and Gas’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that Northern Oil and Gas, Inc. will post 3.79 EPS for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.6%. Northern Oil and Gas’s payout ratio is -34.75%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NOG shares. Raymond James Financial reiterated an “outperform” rating and set a $28.00 price target on shares of Northern Oil and Gas in a research report on Wednesday, July 15th. Weiss Ratings raised Northern Oil and Gas from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Citigroup decreased their target price on Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Johnson Rice lowered Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Wednesday, May 20th. Finally, Morgan Stanley set a $25.00 price target on shares of Northern Oil and Gas and gave the stock an “underweight” rating in a research report on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.62.

Insider Activity

In related news, Director Bahram Akradi bought 25,760 shares of Northern Oil and Gas stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $19.40 per share, with a total value of $499,744.00. Following the completion of the acquisition, the director directly owned 1,713,444 shares in the company, valued at approximately $33,240,813.60. This trade represents a 1.53% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by company insiders.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.