Silverleafe Capital Partners LLC Has $6.45 Million Stake in Northern Oil and Gas, Inc. (NYSE:NOG)

Silverleafe Capital Partners LLC trimmed its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 9.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,419 shares of the company’s stock after selling 17,200 shares during the period. Northern Oil and Gas accounts for approximately 2.6% of Silverleafe Capital Partners LLC’s holdings, making the stock its 12th largest holding. Silverleafe Capital Partners LLC owned approximately 0.16% of Northern Oil and Gas worth $6,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NOG. Vanguard Group Inc. increased its holdings in Northern Oil and Gas by 36.4% during the 4th quarter. Vanguard Group Inc. now owns 10,587,536 shares of the company’s stock valued at $392,480,000 after purchasing an additional 2,827,642 shares in the last quarter. American Century Companies Inc. increased its holdings in Northern Oil and Gas by 27.0% during the 3rd quarter. American Century Companies Inc. now owns 2,562,396 shares of the company’s stock valued at $103,085,000 after purchasing an additional 545,297 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Northern Oil and Gas by 30.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,375,710 shares of the company’s stock valued at $51,001,000 after purchasing an additional 324,958 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Northern Oil and Gas by 13.8% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,445,517 shares of the company’s stock valued at $58,153,000 after purchasing an additional 175,000 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Northern Oil and Gas by 69.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 403,420 shares of the company’s stock valued at $14,955,000 after buying an additional 165,382 shares during the last quarter. 98.80% of the stock is owned by institutional investors and hedge funds.

Northern Oil and Gas Stock Performance

NOG opened at $37.17 on Friday. Northern Oil and Gas, Inc. has a 1 year low of $31.13 and a 1 year high of $43.75. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 6.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day moving average price is $39.54 and its two-hundred day moving average price is $37.74.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. Northern Oil and Gas had a net margin of 30.01% and a return on equity of 34.06%. The business had revenue of $396.35 million during the quarter, compared to the consensus estimate of $505.67 million. During the same period in the previous year, the business earned $1.76 earnings per share. The company’s revenue was down 31.9% on a year-over-year basis. Equities analysts expect that Northern Oil and Gas, Inc. will post 5.04 EPS for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, June 27th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.60 annualized dividend and a dividend yield of 4.30%. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 25.93%.

Insider Transactions at Northern Oil and Gas

In other news, CEO Nicholas L. O’grady sold 3,750 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $40.98, for a total transaction of $153,675.00. Following the completion of the transaction, the chief executive officer now directly owns 228,082 shares in the company, valued at $9,346,800.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Nicholas L. O’grady sold 3,750 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $40.98, for a total transaction of $153,675.00. Following the completion of the transaction, the chief executive officer now directly owns 228,082 shares in the company, valued at $9,346,800.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Adam A. Dirlam sold 1,392 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $40.86, for a total transaction of $56,877.12. Following the completion of the sale, the president now directly owns 109,020 shares in the company, valued at approximately $4,454,557.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,292 shares of company stock worth $342,852. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NOG shares. Bank of America reiterated a “buy” rating and issued a $48.00 price objective on shares of Northern Oil and Gas in a research report on Friday, June 14th. Stifel Nicolaus increased their price objective on Northern Oil and Gas from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. StockNews.com upgraded Northern Oil and Gas from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley raised their price target on Northern Oil and Gas from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Citigroup reduced their price target on Northern Oil and Gas from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.90.

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.