KBC Group NV lifted its stake in Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 92.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 474,681 shares of the energy company’s stock after purchasing an additional 228,100 shares during the quarter. KBC Group NV owned 0.12% of Northern Oil & Gas worth $916,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Northern Oil & Gas by 57.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,995,137 shares of the energy company’s stock worth $11,290,000 after purchasing an additional 1,824,622 shares in the last quarter. FMR LLC grew its holdings in Northern Oil & Gas by 92.5% in the 1st quarter. FMR LLC now owns 4,353,200 shares of the energy company’s stock valued at $11,928,000 after buying an additional 2,092,100 shares during the last quarter. Spark Investment Management LLC grew its holdings in Northern Oil & Gas by 17.8% in the 1st quarter. Spark Investment Management LLC now owns 2,401,900 shares of the energy company’s stock valued at $6,581,000 after buying an additional 362,500 shares during the last quarter. Marshall Wace LLP acquired a new stake in Northern Oil & Gas in the 1st quarter valued at approximately $2,321,000. Finally, Hartree Partners LP acquired a new stake in Northern Oil & Gas in the 1st quarter valued at approximately $1,507,000.
In other news, major shareholder Robert B. Rowling acquired 1,508,382 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $1.55 per share, for a total transaction of $2,337,992.10. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Robert B. Rowling purchased 985,100 shares of Northern Oil & Gas stock in a transaction on Friday, August 16th. The stock was bought at an average price of $1.60 per share, for a total transaction of $1,576,160.00. The disclosure for this purchase can be found here.
Shares of NYSEAMERICAN NOG traded down $0.01 on Friday, reaching $2.03. 587,167 shares of the company’s stock traded hands, compared to its average volume of 5,638,399. Northern Oil & Gas, Inc. has a 12 month low of $1.40 and a 12 month high of $4.49.
Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its earnings results on Thursday, August 1st. The energy company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $186.44 million for the quarter, compared to the consensus estimate of $153.11 million.
Several brokerages recently commented on NOG. Northland Securities set a $5.00 price target on Northern Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Northern Oil & Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Northern Oil & Gas has a consensus rating of “Buy” and a consensus target price of $3.88.
Northern Oil & 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. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.
Featured Article: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for Northern Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.