Sapience Investments LLC Raises Position in Northern Oil and Gas, Inc. $NOG

Sapience Investments LLC grew its holdings in shares of Northern Oil and Gas, Inc. (NYSE:NOG) by 44.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,881 shares of the company’s stock after acquiring an additional 20,646 shares during the period. Sapience Investments LLC owned about 0.07% of Northern Oil and Gas worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of NOG. DLD Asset Management LP lifted its position in Northern Oil and Gas by 42.9% during the second quarter. DLD Asset Management LP now owns 25,000,000 shares of the company’s stock valued at $708,750,000 after purchasing an additional 7,500,000 shares in the last quarter. Nuveen LLC bought a new position in shares of Northern Oil and Gas in the first quarter worth about $36,288,000. Dimensional Fund Advisors LP grew its position in shares of Northern Oil and Gas by 30.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,298,379 shares of the company’s stock worth $129,939,000 after purchasing an additional 1,001,493 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in Northern Oil and Gas during the 1st quarter valued at approximately $14,137,000. Finally, American Century Companies Inc. increased its holdings in Northern Oil and Gas by 6.4% in the 1st quarter. American Century Companies Inc. now owns 6,953,377 shares of the company’s stock valued at $210,201,000 after acquiring an additional 415,781 shares during the last quarter. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Northern Oil and Gas Price Performance

Shares of NOG stock opened at $24.38 on Wednesday. Northern Oil and Gas, Inc. has a twelve month low of $19.88 and a twelve month high of $42.35. 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 has a fifty day simple moving average of $22.50 and a two-hundred day simple moving average of $25.64. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 13.77 and a beta of 1.05.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings data on Monday, March 6th. The company reported $1.06 earnings per share for the quarter. Northern Oil and Gas had a return on equity of 20.61% and a net margin of 7.61%.The firm had revenue of $319.19 million during the quarter. On average, analysts predict that Northern Oil and Gas, Inc. will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, December 30th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 101.69%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NOG. Weiss Ratings restated a “hold (c-)” rating on shares of Northern Oil and Gas in a research report on Wednesday, October 8th. William Blair initiated coverage on Northern Oil and Gas in a report on Monday, August 25th. They set an “outperform” rating on the stock. Citigroup lowered their price target on 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 dropped their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $26.00 target price (down previously from $27.00) on shares of Northern Oil and Gas in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.00.

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.