Kennedy Capital Management LLC Has $18.74 Million Stock Holdings in Northern Oil and Gas, Inc. $NOG

Kennedy Capital Management LLC decreased its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 9.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 755,461 shares of the company’s stock after selling 77,086 shares during the quarter. Kennedy Capital Management LLC’s holdings in Northern Oil and Gas were worth $18,735,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. First Horizon Corp acquired a new stake in Northern Oil and Gas in the 3rd quarter worth $27,000. Laurel Wealth Advisors LLC grew its position in Northern Oil and Gas by 2,736.1% in the second quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock valued at $29,000 after acquiring an additional 985 shares during the period. Jones Financial Companies Lllp raised its stake in Northern Oil and Gas by 181.0% during the first quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock worth $33,000 after acquiring an additional 713 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Northern Oil and Gas by 429.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock valued at $43,000 after purchasing an additional 1,228 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Northern Oil and Gas by 85.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company’s stock worth $44,000 after purchasing an additional 702 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NOG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Thursday, January 22nd. Mizuho set a $29.00 price objective on Northern Oil and Gas in a research report on Wednesday, January 21st. Morgan Stanley set a $24.00 price objective on Northern Oil and Gas and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Piper Sandler raised their target price on Northern Oil and Gas from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Royal Bank Of Canada cut their price target on Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating for the company in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Northern Oil and Gas currently has a consensus rating of “Hold” and a consensus price target of $31.14.

Trending Headlines about Northern Oil and Gas

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

• Positive Sentiment: Citigroup raised its price target to $34 and assigned a “buy” rating, signaling bullish conviction and implying material upside versus current levels. Northern Oil and Gas (NYSE:NOG) Given New $34.00 Price Target at Citigroup
• Neutral Sentiment: Piper Sandler raised its price target from $27 to $32 but kept a “neutral” rating — a constructive price-target lift but not a directional analyst endorsement. Piper Sandler price target note (Benzinga)
• Negative Sentiment: Northern priced an underwritten public offering of 7,207,208 shares (with a 30‑day option for up to 1,081,081 additional shares). The offering, expected to close March 13, increases outstanding share count and is dilutive in the near term, which typically pressures the stock. NOG Announces Pricing of Public Offering of Common Stock
• Negative Sentiment: Market headlines already show a sell reaction after the offering was launched/priced, reflecting investor sensitivity to dilution. Northern Oil and Gas sinks after launching stock offering
• Negative Sentiment: Zacks Research issued broad downward revisions across multiple quarters and fiscal years (examples: FY2026 EPS cut from $2.68 to $2.10; FY2027 cut from $3.03 to $2.53; several quarterly cuts including Q2/Q3/Q4 estimates). (Zacks did raise one near-term line — Q1 2027 — but the net effect is lower multi-quarter and full‑year forecasts.) These cuts reduce near‑term earnings expectations and can weigh on valuation and sentiment.

Northern Oil and Gas Trading Down 1.7%

Northern Oil and Gas stock traded down $0.46 during mid-day trading on Friday, hitting $27.15. The stock had a trading volume of 298,859 shares, compared to its average volume of 2,347,285. The stock has a 50-day simple moving average of $25.05 and a two-hundred day simple moving average of $23.96. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $2.64 billion, a PE ratio of 82.27 and a beta of 0.96. Northern Oil and Gas, Inc. has a 12 month low of $19.88 and a 12 month high of $32.62.

Northern Oil and Gas (NYSE:NOG) last released its earnings results on Wednesday, February 25th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Northern Oil and Gas had a net margin of 1.57% and a return on equity of 19.74%. The company had revenue of $610.18 million for the quarter, compared to the consensus estimate of $524.98 million. During the same period in the prior year, the company posted $1.11 EPS. The company’s revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Northern Oil and Gas, Inc. will post 5.18 EPS for the current year.

Northern Oil and Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, March 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.6%. Northern Oil and Gas’s dividend payout ratio is 545.45%.

About Northern Oil and Gas

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.