Kennedy Capital Management LLC Buys 128,545 Shares of Northern Oil and Gas, Inc. $NOG

Kennedy Capital Management LLC increased its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 884,006 shares of the company’s stock after purchasing an additional 128,545 shares during the period. Kennedy Capital Management LLC’s holdings in Northern Oil and Gas were worth $18,980,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Deprince Race & Zollo Inc. purchased a new position in Northern Oil and Gas during the fourth quarter worth $25,492,000. Bridgeway Capital Management LLC purchased a new position in Northern Oil and Gas during the third quarter worth $11,295,000. SG Americas Securities LLC boosted its stake in Northern Oil and Gas by 499.9% during the fourth quarter. SG Americas Securities LLC now owns 421,809 shares of the company’s stock worth $9,056,000 after buying an additional 351,490 shares during the period. Dimensional Fund Advisors LP boosted its stake in Northern Oil and Gas by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,941,662 shares of the company’s stock worth $122,563,000 after buying an additional 235,869 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Northern Oil and Gas by 568.7% during the second quarter. AQR Capital Management LLC now owns 272,719 shares of the company’s stock worth $7,732,000 after buying an additional 231,938 shares during the period. Institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Stock Up 1.7%

NYSE:NOG opened at $20.77 on Friday. Northern Oil and Gas, Inc. has a 1-year low of $20.06 and a 1-year high of $32.62. The company has a 50-day moving average of $24.59 and a 200 day moving average of $24.74. The firm has a market cap of $2.26 billion, a PE ratio of -3.26 and a beta of 0.68. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.53 and a quick ratio of 0.53.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $5.03 million during 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 company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. As a group, research analysts anticipate that Northern Oil and Gas, Inc. will post 3.46 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, June 29th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 8.7%. Northern Oil and Gas’s dividend payout ratio is -28.26%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NOG shares. Bank of America lifted their price objective on shares of Northern Oil and Gas from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada lifted their price objective on shares of Northern Oil and Gas from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Raymond James Financial lowered shares of Northern Oil and Gas from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $37.00 to $35.00 in a research note on Thursday, May 21st. Piper Sandler lifted their price objective on shares of Northern Oil and Gas from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $29.00 price objective (up from $28.00) on shares of Northern Oil and Gas in a research note on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Northern Oil and Gas News Roundup

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

• Positive Sentiment: Zacks Research increased its FY2026 EPS estimate for Northern Oil and Gas to $3.07 from $2.74, implying stronger near-term earnings power. Northern Oil and Gas stock page
• Positive Sentiment: The firm also lifted FY2027 EPS estimates to $3.49 from $3.15 and FY2028 estimates to $3.35 from $3.02, pointing to continued confidence in longer-term profitability. Northern Oil and Gas stock page
• Positive Sentiment: Quarterly outlooks were also raised, including Q2 2026, Q3 2026, Q4 2026, and 2027 quarters, which can reinforce investor sentiment that earnings momentum is improving. Northern Oil and Gas stock page

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.