Northern Oil and Gas, Inc. $NOG Stock: Nisa Investment Advisors LLC Raises Holdings

Nisa Investment Advisors LLC increased its stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 148.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 41,584 shares of the company’s stock after buying an additional 24,826 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Northern Oil and Gas were worth $970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Northern Oil and Gas during the 2nd quarter valued at $29,000. Allworth Financial LP purchased a new position in Northern Oil and Gas during the second quarter worth $31,000. Ascentis Independent Advisors purchased a new position in Northern Oil and Gas during the first quarter worth $33,000. IFP Advisors Inc raised its holdings in shares of Northern Oil and Gas by 58.6% in the second quarter. IFP Advisors Inc now owns 1,903 shares of the company’s stock worth $35,000 after acquiring an additional 703 shares during the last quarter. Finally, Triumph Capital Management raised its holdings in shares of Northern Oil and Gas by 77.8% in the third quarter. Triumph Capital Management now owns 1,600 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “underweight” rating and set a $26.00 price objective (up from $25.00) on shares of Northern Oil and Gas in a research note on Thursday, October 15th. Weiss Ratings cut Northern Oil and Gas from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Wall Street Zen raised shares of Northern Oil and Gas from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Mizuho upped their target price on shares of Northern Oil and Gas from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 14th. Finally, Raymond James Financial restated an “outperform” rating and issued a $31.00 target price (up from $28.00) on shares of Northern Oil and Gas in a report on Thursday, September 10th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Northern Oil and Gas currently has an average rating of “Hold” and a consensus price target of $31.22.

Northern Oil and Gas Stock Up 0.8%

Shares of NYSE NOG opened at $28.48 on Tuesday. The firm has a market cap of $3.03 billion, a P/E ratio of 7.58 and a beta of 0.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.80. Northern Oil and Gas, Inc. has a 1 year low of $17.18 and a 1 year high of $31.17. The firm’s 50 day moving average price is $25.50 and its 200 day moving average price is $24.34.

Northern Oil and Gas (NYSE:NOG) last released its earnings results on Thursday, August 6th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). The firm had revenue of $745.24 million during the quarter, compared to analysts’ expectations of $594.09 million. Northern Oil and Gas had a positive return on equity of 18.69% and a negative net margin of 25.35%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. As a group, sell-side analysts anticipate that Northern Oil and Gas, Inc. will post 3.82 earnings per share for the current year.

Northern Oil and Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. Northern Oil and Gas’s dividend payout ratio (DPR) is -34.75%.

Northern Oil and Gas Profile

Northern Oil and Gas, Inc is an independent energy company engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids in the United States. The company primarily holds non-operated working interests, allowing it to participate in wells drilled and managed by other exploration and production companies while maintaining exposure to a broad portfolio of oil and gas assets.

Northern Oil and Gas has historically focused on properties in the Williston Basin of North Dakota and Montana and has expanded its operations into other major U.S.