Cahill Financial Advisors Inc. Sells 2,022 Shares of Northern Oil and Gas, Inc. (NYSE:NOG)

Cahill Financial Advisors Inc. reduced its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,027 shares of the company’s stock after selling 2,022 shares during the period. Cahill Financial Advisors Inc. owned 0.06% of Northern Oil and Gas worth $2,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NOG. Vanguard Group Inc. raised its stake in Northern Oil and Gas by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 10,631,476 shares of the company’s stock worth $421,857,000 after buying an additional 43,940 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in shares of Northern Oil and Gas by 1.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 749,668 shares of the company’s stock worth $29,747,000 after purchasing an additional 12,814 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Northern Oil and Gas by 290.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 84,213 shares of the company’s stock worth $3,130,000 after purchasing an additional 62,649 shares in the last quarter. Boston Partners acquired a new stake in Northern Oil and Gas in the 1st quarter valued at $885,000. Finally, American Century Companies Inc. increased its stake in Northern Oil and Gas by 11.0% during the 2nd quarter. American Century Companies Inc. now owns 5,566,459 shares of the company’s stock valued at $206,905,000 after purchasing an additional 552,645 shares in the last quarter. Institutional investors and hedge funds own 98.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of Northern Oil and Gas in a research note on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price objective on the stock. Royal Bank of Canada downgraded Northern Oil and Gas from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $43.00 to $45.00 in a research note on Wednesday. Mizuho assumed coverage on Northern Oil and Gas in a report on Thursday, September 19th. They issued an “outperform” rating and a $47.00 target price on the stock. Piper Sandler upped their price target on Northern Oil and Gas from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Finally, StockNews.com lowered Northern Oil and Gas from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.50.

Northern Oil and Gas Trading Up 2.0 %

Shares of Northern Oil and Gas stock opened at $43.20 on Friday. The stock has a fifty day moving average price of $38.28 and a 200-day moving average price of $38.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $4.31 billion, a PE ratio of 5.19 and a beta of 1.80. Northern Oil and Gas, Inc. has a 1 year low of $31.13 and a 1 year high of $43.80.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.20 by $0.20. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The business had revenue of $753.64 million for the quarter, compared to analyst estimates of $540.23 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The company’s revenue for the quarter was up 140.0% on a year-over-year basis. Equities research analysts anticipate that Northern Oil and Gas, Inc. will post 5.42 EPS for the current year.

Insider Activity at Northern Oil and Gas

In related news, insider Erik J. Romslo sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $35.26, for a total value of $52,890.00. Following the sale, the insider now directly owns 105,713 shares in the company, valued at approximately $3,727,440.38. The trade was a 1.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Adam A. Dirlam sold 2,508 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $38.50, for a total transaction of $96,558.00. Following the transaction, the president now owns 107,876 shares of the company’s stock, valued at $4,153,226. This represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,508 shares of company stock worth $248,113. Insiders own 2.80% of the company’s stock.

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.