Simplicity Solutions LLC Sells 389 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Simplicity Solutions LLC lowered its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,875 shares of the company’s stock after selling 389 shares during the period. Simplicity Solutions LLC’s holdings in Northern Oil and Gas were worth $514,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mutual of America Capital Management LLC grew its holdings in Northern Oil and Gas by 69.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 403,420 shares of the company’s stock worth $14,955,000 after purchasing an additional 165,382 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Northern Oil and Gas by 8.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,733 shares of the company’s stock worth $1,473,000 after purchasing an additional 2,955 shares during the period. New York State Teachers Retirement System grew its holdings in Northern Oil and Gas by 1.8% during the fourth quarter. New York State Teachers Retirement System now owns 36,429 shares of the company’s stock worth $1,350,000 after purchasing an additional 643 shares during the period. Arizona State Retirement System grew its holdings in Northern Oil and Gas by 11.2% during the fourth quarter. Arizona State Retirement System now owns 25,039 shares of the company’s stock worth $928,000 after purchasing an additional 2,527 shares during the period. Finally, Trust Point Inc. bought a new position in Northern Oil and Gas during the fourth quarter worth about $598,000. Institutional investors own 98.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Northern Oil and Gas from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Citigroup reduced their price objective on Northern Oil and Gas from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Truist Financial reduced their price objective on Northern Oil and Gas from $56.00 to $55.00 and set a “buy” rating for the company in a report on Friday, April 5th. Royal Bank of Canada restated an “outperform” rating and set a $46.00 price objective on shares of Northern Oil and Gas in a report on Wednesday, March 6th. Finally, Raymond James reduced their price objective on Northern Oil and Gas from $51.00 to $45.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

Northern Oil and Gas Trading Down 0.9 %

Shares of NOG stock opened at $42.06 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.90. The stock has a market cap of $4.25 billion, a P/E ratio of 4.19 and a beta of 1.86. The stock has a 50 day simple moving average of $37.80 and a 200 day simple moving average of $37.16. Northern Oil and Gas, Inc. has a 1 year low of $29.57 and a 1 year high of $43.64.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.03). Northern Oil and Gas had a net margin of 42.61% and a return on equity of 40.86%. The firm had revenue of $543.40 million for the quarter, compared to analyst estimates of $555.31 million. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, research analysts predict that Northern Oil and Gas, Inc. will post 5.42 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.60 annualized dividend and a yield of 3.80%. Northern Oil and Gas’s dividend payout ratio is currently 15.94%.

Insider Buying and Selling at Northern Oil and Gas

In other Northern Oil and Gas news, CEO Nicholas L. O’grady sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $40.98, for a total transaction of $153,675.00. Following the completion of the transaction, the chief executive officer now directly owns 228,082 shares in the company, valued at $9,346,800.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Northern Oil and Gas news, CEO Nicholas L. O’grady sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $40.98, for a total transaction of $153,675.00. Following the completion of the transaction, the chief executive officer now directly owns 228,082 shares in the company, valued at $9,346,800.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James B. Evans sold 945 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $38.00, for a total transaction of $35,910.00. Following the transaction, the insider now owns 83,872 shares of the company’s stock, valued at $3,187,136. The disclosure for this sale can be found here. Insiders sold a total of 10,944 shares of company stock worth $436,614 over the last three months. Corporate insiders own 3.20% of the company’s stock.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.