Register Financial Advisors LLC Purchases 82,033 Shares of Northern Oil and Gas, Inc. $NOG

Register Financial Advisors LLC raised its holdings in Northern Oil and Gas, Inc. (NYSE:NOG) by 364.4% in the third quarter, Holdings Channel.com reports. The fund owned 104,547 shares of the company’s stock after acquiring an additional 82,033 shares during the quarter. Northern Oil and Gas makes up about 1.0% of Register Financial Advisors LLC’s investment portfolio, making the stock its 24th largest position. Register Financial Advisors LLC’s holdings in Northern Oil and Gas were worth $2,593,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NOG. UMB Bank n.a. boosted its holdings in Northern Oil and Gas by 200.3% during the second quarter. UMB Bank n.a. now owns 955 shares of the company’s stock valued at $27,000 after acquiring an additional 637 shares during the period. First Horizon Corp acquired a new position in shares of Northern Oil and Gas during the 3rd quarter worth about $27,000. Laurel Wealth Advisors LLC boosted its stake in Northern Oil and Gas by 2,736.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock valued at $29,000 after purchasing an additional 985 shares during the period. Jones Financial Companies Lllp grew its holdings in Northern Oil and Gas by 181.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock valued at $33,000 after buying an additional 713 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Northern Oil and Gas by 315.7% in the 2nd quarter. IFP Advisors Inc now owns 1,351 shares of the company’s stock worth $38,000 after buying an additional 1,026 shares during the period. 98.80% of the stock is owned by institutional investors.

Northern Oil and Gas Stock Down 0.5%

NYSE NOG opened at $22.13 on Wednesday. Northern Oil and Gas, Inc. has a 1-year low of $19.88 and a 1-year high of $41.74. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average is $22.24 and its two-hundred day moving average is $24.08. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.50 and a beta of 0.98.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.21. The firm had revenue of $556.64 million for the quarter, compared to analysts’ expectations of $528.36 million. Northern Oil and Gas had a return on equity of 20.61% and a net margin of 7.61%.The business’s revenue was down 26.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 earnings per share. Equities analysts forecast that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 30th. This represents a $1.80 dividend on an annualized basis and a yield of 8.1%. Northern Oil and Gas’s dividend payout ratio is 101.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NOG shares. Morgan Stanley reissued an “underweight” rating and issued a $26.00 price objective (down from $27.00) on shares of Northern Oil and Gas in a research report on Tuesday, October 14th. Royal Bank Of Canada decreased their price target on shares of Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Citigroup cut their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, October 20th. Mizuho lifted their target price on Northern Oil and Gas from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $29.71.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.