Allianz Asset Management GmbH Has $3.88 Million Stake in Northern Oil and Gas, Inc. (NYSE:NOG)

Allianz Asset Management GmbH increased its position in Northern Oil and Gas, Inc. (NYSE:NOGFree Report) by 5.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 104,787 shares of the company’s stock after acquiring an additional 5,320 shares during the period. Allianz Asset Management GmbH’s holdings in Northern Oil and Gas were worth $3,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. J.P. Morgan Private Wealth Advisors LLC increased its stake in shares of Northern Oil and Gas by 10.0% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 7,966 shares of the company’s stock worth $320,000 after purchasing an additional 723 shares during the last quarter. Amalgamated Bank increased its position in Northern Oil and Gas by 2.3% during the third quarter. Amalgamated Bank now owns 35,978 shares of the company’s stock worth $1,447,000 after buying an additional 823 shares during the last quarter. Swiss National Bank raised its holdings in Northern Oil and Gas by 10.0% during the third quarter. Swiss National Bank now owns 173,800 shares of the company’s stock valued at $6,992,000 after buying an additional 15,800 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Northern Oil and Gas by 3.5% in the third quarter. Janney Montgomery Scott LLC now owns 18,869 shares of the company’s stock worth $759,000 after buying an additional 634 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Northern Oil and Gas by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 660,055 shares of the company’s stock worth $26,554,000 after acquiring an additional 55,223 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $46.00 price objective on shares of Northern Oil and Gas in a research note on Wednesday, March 6th. Stifel Nicolaus boosted their price objective on shares of Northern Oil and Gas from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. StockNews.com raised shares of Northern Oil and Gas from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Jefferies Financial Group lifted their target price on shares of Northern Oil and Gas from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, Citigroup cut their target price on shares of Northern Oil and Gas from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

View Our Latest Stock Analysis on NOG

Northern Oil and Gas Stock Down 0.2 %

NYSE NOG opened at $37.78 on Friday. Northern Oil and Gas, Inc. has a twelve month low of $31.13 and a twelve month high of $43.75. The stock has a market cap of $3.82 billion, a PE ratio of 6.12 and a beta of 1.76. The firm has a 50-day simple moving average of $40.82 and a 200 day simple moving average of $37.67. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.96 and a current ratio of 0.96.

Northern Oil and Gas (NYSE:NOGGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.10. The company had revenue of $396.35 million for the quarter, compared to analyst estimates of $505.67 million. Northern Oil and Gas had a return on equity of 34.06% and a net margin of 30.01%. Northern Oil and Gas’s revenue for the quarter was down 31.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 EPS. On average, research analysts forecast that Northern Oil and Gas, Inc. will post 5.03 EPS for the current year.

Northern Oil and Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, June 27th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.24%. The ex-dividend date is Thursday, June 27th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 25.93%.

Insider Activity

In other news, CEO Nicholas L. O’grady sold 3,750 shares of Northern Oil and Gas stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $40.98, for a total transaction of $153,675.00. Following the sale, the chief executive officer now directly owns 228,082 shares in the company, valued at approximately $9,346,800.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Northern Oil and Gas news, insider James B. Evans sold 945 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $38.00, for a total value of $35,910.00. Following the sale, the insider now directly owns 83,872 shares in the company, valued at $3,187,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicholas L. O’grady sold 3,750 shares of Northern Oil and Gas stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $40.98, for a total value of $153,675.00. Following the transaction, the chief executive officer now directly owns 228,082 shares of the company’s stock, valued at $9,346,800.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,325 shares of company stock worth $458,106. 2.80% of the stock is currently owned by corporate insiders.

Northern Oil and Gas Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Northern Oil and Gas (NYSE:NOG)

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