Peregrine Capital Management LLC Has $5.43 Million Stake in Northern Oil and Gas, Inc. (NYSE:NOG)

Peregrine Capital Management LLC decreased its position in Northern Oil and Gas, Inc. (NYSE:NOG) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,086 shares of the company’s stock after selling 26,420 shares during the quarter. Peregrine Capital Management LLC owned about 0.15% of Northern Oil and Gas worth $5,429,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Northern Oil and Gas by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock valued at $80,884,000 after buying an additional 100,761 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Northern Oil and Gas by 0.9% in the 4th quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company’s stock valued at $78,590,000 after buying an additional 18,195 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Northern Oil and Gas by 1.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,381,285 shares of the company’s stock valued at $52,102,000 after buying an additional 21,754 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Northern Oil and Gas by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock valued at $34,902,000 after buying an additional 103,314 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Northern Oil and Gas by 41.4% in the 3rd quarter. New York State Common Retirement Fund now owns 940,987 shares of the company’s stock valued at $33,320,000 after buying an additional 275,704 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Stock Up 0.2 %

NOG opened at $35.19 on Wednesday. Northern Oil and Gas, Inc. has a 1-year low of $33.17 and a 1-year high of $44.31. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 4.22 and a beta of 1.81. The business has a 50 day moving average of $37.96 and a 200-day moving average of $38.36.

Northern Oil and Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, March 28th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.11%. This is a boost from Northern Oil and Gas’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 28th. Northern Oil and Gas’s dividend payout ratio is currently 20.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NOG shares. Piper Sandler lowered their price target on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Truist Financial upped their target price on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Royal Bank of Canada decreased their target price on Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Finally, Mizuho cut Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 target price for the company. in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.00.

Insider Activity

In related news, President Adam A. Dirlam sold 836 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $39.00, for a total value of $32,604.00. Following the completion of the transaction, the president now directly owns 96,223 shares in the company, valued at approximately $3,752,697. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

About Northern Oil and Gas

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.