25,546 Shares in Northern Oil and Gas, Inc. $NOG Purchased by Leonteq Securities AG

Leonteq Securities AG purchased a new position in shares of Northern Oil and Gas, Inc. (NYSE:NOG) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 25,546 shares of the company’s stock, valued at approximately $548,000.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings 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 purchasing an additional 713 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Northern Oil and Gas by 429.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock worth $43,000 after purchasing an additional 1,228 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in 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 purchasing an additional 702 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Northern Oil and Gas during the fourth quarter worth about $43,000. Finally, Strs Ohio acquired a new position in Northern Oil and Gas during the first quarter worth about $88,000. 98.80% of the stock is owned by hedge funds and other institutional investors.

Northern Oil and Gas Trading Up 0.5%

Shares of NOG opened at $23.73 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43. The firm’s 50-day moving average is $26.69 and its two-hundred day moving average is $24.74. Northern Oil and Gas, Inc. has a twelve month low of $20.18 and a twelve month high of $32.62. The firm has a market capitalization of $2.51 billion, a P/E ratio of -3.73 and a beta of 0.75.

Northern Oil and Gas (NYSE:NOG) last issued its earnings results on Tuesday, April 28th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $5.03 million for the quarter, compared to analyst estimates of $511.38 million. Northern Oil and Gas had a negative net margin of 33.17% and a positive return on equity of 18.43%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.33 earnings per share. On average, research analysts predict that Northern Oil and Gas, Inc. will post 3.13 earnings per share 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, July 31st. Investors of record on Monday, June 29th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a yield of 7.6%. Northern Oil and Gas’s dividend payout ratio is presently -28.26%.

Analyst Ratings Changes

Several brokerages have weighed in on NOG. Raymond James Financial lowered shares of Northern Oil and Gas from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $37.00 to $35.00 in a research report on Thursday. Citigroup lowered their target price on shares of Northern Oil and Gas from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings lowered shares of Northern Oil and Gas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Piper Sandler upped their target price on shares of Northern Oil and Gas from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Morgan Stanley restated an “underweight” rating and set a $29.00 target price (up from $28.00) on shares of Northern Oil and Gas in a research report on Friday. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.00.

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.