KCG Holdings Inc. raised its stake in shares of Northern Oil & Gas, Inc. (AMEX:NOG) by 123.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,133 shares of the energy company’s stock after buying an additional 24,422 shares during the period. KCG Holdings Inc.’s holdings in Northern Oil & Gas were worth $115,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State of Tennessee Treasury Department raised its position in shares of Northern Oil & Gas by 1.6% in the first quarter. State of Tennessee Treasury Department now owns 41,525 shares of the energy company’s stock valued at $108,000 after buying an additional 662 shares during the period. Prudential Financial Inc. raised its position in shares of Northern Oil & Gas by 2.1% in the first quarter. Prudential Financial Inc. now owns 74,229 shares of the energy company’s stock valued at $193,000 after buying an additional 1,500 shares during the period. Principal Financial Group Inc. raised its position in shares of Northern Oil & Gas by 0.5% in the first quarter. Principal Financial Group Inc. now owns 331,722 shares of the energy company’s stock valued at $862,000 after buying an additional 1,555 shares during the period. Bank of New York Mellon Corp raised its position in shares of Northern Oil & Gas by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 707,647 shares of the energy company’s stock valued at $1,840,000 after buying an additional 2,329 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Northern Oil & Gas by 2.2% in the first quarter. Wellington Management Group LLP now owns 230,214 shares of the energy company’s stock valued at $598,000 after buying an additional 4,988 shares during the period.

Northern Oil & Gas, Inc. (NOG) traded up 2.38% during midday trading on Friday, hitting $1.00. The stock had a trading volume of 82,321 shares. Northern Oil & Gas, Inc. has a 12 month low of $0.85 and a 12 month high of $4.06. The company’s market cap is $61.54 million. The firm’s 50-day moving average price is $1.23 and its 200 day moving average price is $2.17.

Northern Oil & Gas (AMEX:NOG) last issued its quarterly earnings data on Tuesday, August 8th. The energy company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.24. The firm had revenue of $64.90 million during the quarter, compared to the consensus estimate of $48.06 million. During the same period in the previous year, the firm earned $0.10 EPS. The business’s revenue was up 102.8% on a year-over-year basis. On average, analysts expect that Northern Oil & Gas, Inc. will post ($0.01) earnings per share for the current fiscal year.

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Several brokerages have issued reports on NOG. Royal Bank Of Canada set a $3.00 price target on Northern Oil & Gas and gave the company a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered Northern Oil & Gas from a “hold” rating to a “sell” rating in a research note on Friday. Scotiabank set a $2.00 price target on Northern Oil & Gas and gave the company a “hold” rating in a research note on Saturday, July 1st. Capital One Financial Corporation lowered Northern Oil & Gas from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 21st. Finally, ValuEngine lowered Northern Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $2.50.

About Northern Oil & Gas

Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.

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Institutional Ownership by Quarter for Northern Oil & Gas (AMEX:NOG)

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