Northern Oil and Gas, Inc. (NYSE:NOG) Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,381,285 shares of the company’s stock after buying an additional 21,754 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.38% of Northern Oil and Gas worth $52,102,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Northern Oil and Gas by 4.6% during the third quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock valued at $80,884,000 after buying an additional 100,761 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of Northern Oil and Gas by 0.9% in the 4th quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company’s stock valued at $78,590,000 after purchasing an additional 18,195 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Northern Oil and Gas by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock valued at $34,902,000 after purchasing an additional 103,314 shares during the period. New York State Common Retirement Fund boosted its position in shares of Northern Oil and Gas by 41.4% in the 3rd quarter. New York State Common Retirement Fund now owns 940,987 shares of the company’s stock valued at $33,320,000 after purchasing an additional 275,704 shares during the period. Finally, Emerald Advisers LLC boosted its position in shares of Northern Oil and Gas by 7.9% in the 3rd quarter. Emerald Advisers LLC now owns 611,509 shares of the company’s stock valued at $21,654,000 after purchasing an additional 44,510 shares during the period. Institutional investors own 98.80% of the company’s stock.

Insider Buying and Selling

In other news, President Adam A. Dirlam sold 836 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $39.00, for a total transaction of $32,604.00. Following the completion of the sale, the president now directly owns 96,223 shares of the company’s stock, valued at $3,752,697. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

Northern Oil and Gas Stock Down 1.7 %

Shares of Northern Oil and Gas stock opened at $34.51 on Friday. The stock has a 50-day moving average price of $38.31 and a 200 day moving average price of $38.52. The company has a market cap of $3.45 billion, a P/E ratio of 4.14 and a beta of 1.81. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84. Northern Oil and Gas, Inc. has a 1 year low of $32.35 and a 1 year high of $44.31.

Northern Oil and Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, March 28th will be paid a $0.45 dividend. This is an increase from Northern Oil and Gas’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 5.22%. The ex-dividend date is Friday, March 28th. Northern Oil and Gas’s dividend payout ratio is currently 20.17%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOG. Royal Bank of Canada decreased their price target on Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday. Truist Financial increased their price target on Northern Oil and Gas from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Piper Sandler decreased their price target on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Mizuho lowered Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target for the company. in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Northern Oil and Gas presently has an average rating of “Hold” and an average price target of $47.00.

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.