68,908 Shares in Northern Oil and Gas, Inc. $NOG Bought by First National Bank of Omaha

First National Bank of Omaha bought a new position in Northern Oil and Gas, Inc. (NYSE:NOG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 68,908 shares of the company’s stock, valued at approximately $1,709,000. First National Bank of Omaha owned 0.07% of Northern Oil and Gas at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in shares of Northern Oil and Gas by 2.9% in the second quarter. Teacher Retirement System of Texas now owns 14,270 shares of the company’s stock worth $405,000 after purchasing an additional 402 shares during the period. Range Financial Group LLC grew its holdings in Northern Oil and Gas by 5.3% in the 3rd quarter. Range Financial Group LLC now owns 9,736 shares of the company’s stock valued at $241,000 after buying an additional 486 shares during the last quarter. First National Advisers LLC grew its holdings in Northern Oil and Gas by 4.8% in the 3rd quarter. First National Advisers LLC now owns 12,665 shares of the company’s stock valued at $314,000 after buying an additional 580 shares during the last quarter. AlphaQuest LLC increased its position in Northern Oil and Gas by 1.6% in the 2nd quarter. AlphaQuest LLC now owns 44,261 shares of the company’s stock worth $1,255,000 after buying an additional 685 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Northern Oil and Gas by 85.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company’s stock worth $44,000 after buying an additional 702 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NOG. Mizuho set a $29.00 target price on shares of Northern Oil and Gas in a research report on Wednesday, January 21st. Morgan Stanley set a $24.00 price target on shares of Northern Oil and Gas and gave the stock an “underweight” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northern Oil and Gas in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada reduced their target price on shares of Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.29.

Northern Oil and Gas Trading Up 7.5%

Shares of NOG opened at $27.43 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2.68 billion, a PE ratio of 15.50 and a beta of 1.01. Northern Oil and Gas, Inc. has a 1 year low of $19.88 and a 1 year high of $36.16. The stock has a 50 day simple moving average of $23.17 and a 200-day simple moving average of $23.58.

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.