According to Bloomberg Ratings, the twelve brokerages covering Northern Oil and Gas, Inc. (NYSE: NOG) have given the company an average “Moderate Buy.” In addition, six analysts rated the stock as a “buy,” one analyst rated the company as a “strong buy,” and six analysts rated it as a “hold.” The average price estimate set by analysts who published research on the stock in the preceding year was $48.30.
On NOG, numerous research institutions have released reports. StockNews.com changed its rating for Northern Oil and Gas from “sell” to “hold” in a research report released Tuesday. On Tuesday, October 18, Piper Jaffray released a research note that rated Northern Oil and Gas as “overweight” and raised its price objective from $51.00 to $59.00. Bank of America boosted its price objective for Northern Oil and Gas from $32 to $34 in a research report released on Monday, September 19. On Thursday, October 13, Truist Financial released a research note that upgraded Northern Oil and Gas’s rating from “hold” to “buy” and increased their price objective for the stock from $65.00 to $66.00. Finally, Jefferies Financial Group released a research study on October 19 that began by analyzing Northern Oil and Gas. They assigned the company a “buy” rating and a $37.00 price objective.
Associated news Significant shareholder Robert B. Rowling sold 261,000 shares of the company’s stock on November 11. The stock was sold at an average price of $37.45 for a total transaction value of $9,774,450.00. Following the transaction, the insider owns 8,002,719 shares, valued at $299,701,826.55. You can get information about the transaction in a file made to the Securities and Exchange Commission by clicking on this link. Significant stakeholder Robert B. Rowling also sold 261,000 shares of the business’s stock on Friday, November 11. The stock was sold at an average price of $37.45 for a total transaction value of $9,774,450.00. The insider now directly owns 8,002,719 company shares with a market value of about $299,701,826.55 as a result of the sale. Once the paperwork was sent to the SEC and made available on the SEC website, the transaction was made public. The business’s largest stakeholder, Robert B. Rowling, also sold 9,132 company stock on Monday, November 14. a total of $350,486. A total of 16 shares worth a total of $38.38 were traded. The insider now owns 7,994 company shares worth $306,809.72 following the transaction. The disclosure for this sale is available here. Insiders sold 358,372 shares of company stock during the most recent quarter for a total of $13,428,038. Insiders own 3.60% of the company’s stock.
The company’s ownership by major investors has lately changed. Nisa Investment Advisors LLC boosted its Northern Oil and Gas stake by 42.3% during the third quarter. Nisa Investment Advisors LLC now owns 996 shares of the company’s stock valued at $34,000 after acquiring an additional 296 shares. American International Group Inc. grew its stake in Northern Oil and Gas by 1.2% during the second quarter. American International Group Inc. now directly owns 30,704 shares valued at $766,000 after acquiring an additional 354 shares in the most recent quarter. CWM LLC grew its Northern Oil and Gas stake by 46.3% during the third quarter. CWM LLC now directly owns 1,132 shares, valued at $31,000, after acquiring an additional 358 shares in the most recent quarter. Finally, Sawtooth Solutions LLC grew its stake in Northern Oil and Gas by 2.8% during the second quarter. Sawtooth Solutions LLC now directly owns 15,543 shares, valued at $393,000, after acquiring 420 more shares in the last quarter. Not to mention, Amalgamated Bank boosted its stake in Northern Oil and Gas by 4.2% during the third quarter. Amalgamated Bank now directly owns 10,474 shares, valued at $287,000, after acquiring an additional 421 shares in the last quarter. Presently, hedge funds and institutional investors hold 78.72% of the stock.
The Northern Oil and Gas stock started trading at $35.89 on Thursday. The 12-month range for Northern Oil and Gas includes a low of $17.51 and a high of $39.10. The company’s debt-to-equity ratio is 1.65; its current ratio is zero, and its quick ratio is likewise zero. The company’s 50-day simple moving average is $32.89, and its 200-day simple moving average is $30.49. The stock has the following metrics: a market value of $2.79 billion, a PE ratio of 4.12, a price-to-earnings-growth ratio of 0.41, and a beta of 2.11:
The company has also issued a quarterly dividend and will be paid on January 31. The dividend payment for stockholders of record on December 29 will be $0.30. Northern Oil and Gas previously gave out a $0.25 quarterly dividend; this sum has since risen. The ex-dividend date for this dividend is December 28, a Wednesday. This yield is 3.34% and a $1.20 annual dividend value. Northern Oil and Gas have a dividend payout ratio of 11.47%.