Schwab Charles Investment Management Inc. bought a new position in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 255,058 shares of the energy company’s stock, valued at approximately $804,000. Schwab Charles Investment Management Inc. owned approximately 0.20% of Northern Oil & Gas at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NOG. Raymond James Financial Services Advisors Inc. lifted its stake in Northern Oil & Gas by 151.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,509 shares of the energy company’s stock worth $112,000 after acquiring an additional 21,374 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Northern Oil & Gas during the 2nd quarter worth about $120,000. Dimensional Fund Advisors LP purchased a new stake in Northern Oil & Gas during the 1st quarter worth about $147,000. Engineers Gate Manager LP purchased a new stake in Northern Oil & Gas during the 2nd quarter worth about $170,000. Finally, Advisors Preferred LLC increased its holdings in Northern Oil & Gas by 326.2% during the 2nd quarter. Advisors Preferred LLC now owns 56,232 shares of the energy company’s stock worth $177,000 after purchasing an additional 43,038 shares during the period.
Several equities research analysts have weighed in on NOG shares. Capital One Financial upgraded Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 31st. Northland Securities set a $6.00 price target on Northern Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research downgraded Northern Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Stifel Nicolaus set a $4.00 price target on Northern Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, August 1st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $4.17.
Northern Oil & Gas (NYSEAMERICAN:NOG) last released its quarterly earnings data on Thursday, August 9th. The energy company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $96.78 million during the quarter, compared to analysts’ expectations of $95.20 million.
Northern Oil & Gas 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. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.
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