Yousif Capital Management LLC Has $1.79 Million Holdings in Northern Oil and Gas, Inc. (NYSE:NOG)

Yousif Capital Management LLC grew its position in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,298 shares of the company’s stock after purchasing an additional 4,290 shares during the quarter. Yousif Capital Management LLC’s holdings in Northern Oil and Gas were worth $1,790,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in shares of Northern Oil and Gas during the fourth quarter valued at about $604,000. Illinois Municipal Retirement Fund boosted its stake in shares of Northern Oil and Gas by 24.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 56,849 shares of the company’s stock valued at $2,107,000 after purchasing an additional 11,177 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Northern Oil and Gas by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 660,120 shares of the company’s stock valued at $24,471,000 after purchasing an additional 24,038 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in shares of Northern Oil and Gas by 0.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 63,900 shares of the company’s stock worth $2,369,000 after acquiring an additional 500 shares during the period. Finally, Ninepoint Partners LP lifted its stake in shares of Northern Oil and Gas by 12.5% in the fourth quarter. Ninepoint Partners LP now owns 450,000 shares of the company’s stock worth $16,682,000 after acquiring an additional 50,000 shares during the period. 98.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northern Oil and Gas

In other Northern Oil and Gas news, insider James B. Evans sold 945 shares of the business’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 transaction, the insider now owns 83,872 shares of the company’s stock, valued at $3,187,136. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, President Adam A. Dirlam sold 2,088 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 transaction of $79,344.00. Following the transaction, the president now owns 122,359 shares of the company’s stock, valued at approximately $4,649,642. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James B. Evans sold 945 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $38.00, for a total value of $35,910.00. Following the transaction, the insider now directly owns 83,872 shares in the company, valued at approximately $3,187,136. The disclosure for this sale can be found here. Insiders have sold a total of 10,944 shares of company stock valued at $436,614 over the last 90 days. Insiders own 2.80% of the company’s stock.

Northern Oil and Gas Stock Down 2.7 %

Shares of NYSE:NOG opened at $39.67 on Thursday. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 3.95 and a beta of 1.86. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.90. Northern Oil and Gas, Inc. has a 12-month low of $29.57 and a 12-month high of $43.75. The business’s 50 day moving average is $39.38 and its 200 day moving average is $37.35.

Northern Oil and Gas (NYSE:NOG) last announced its earnings results on Tuesday, April 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.10. The company had revenue of $396.35 million for the quarter, compared to analysts’ expectations of $505.67 million. Northern Oil and Gas had a return on equity of 40.86% and a net margin of 42.61%. Northern Oil and Gas’s quarterly revenue was down 31.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. On average, sell-side analysts forecast that Northern Oil and Gas, Inc. will post 5.53 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 4.03%. Northern Oil and Gas’s payout ratio is 15.94%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NOG. Stifel Nicolaus lifted their price objective on 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. Jefferies Financial Group lifted their target price on Northern Oil and Gas from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Citigroup lowered their target price 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. Morgan Stanley lifted their target price on Northern Oil and Gas from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, StockNews.com upgraded Northern Oil and Gas from a “sell” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.40.

Northern Oil and Gas 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.